Troutman Sanders

MARCH 29, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. On March 22, the CFPB released the 2020 annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA).

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Collection Industry News

MAY 18, 2021

In a letter sent to the leaders of the House and Senate , CUNA President/CEO Jim Nussle stated his objections to section 403 of the bill, which would amend the Fair Credit Reporting Act to prohibit credit scoring models from treating certain medical debt information on consumers’ credit report as a negative factor.

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Better Credit Blog

FEBRUARY 15, 2021

Though you may be unfamiliar with Fairway, the agency collects on a wide range of consumer debts, including the following: Health insurance billing and follow-up. Self-pay collections. Education loans, tuition, fines and fees. Mortgages and loans. Foreclosure. Parking tickets. Government fines and fees.

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FDCPA Defense

SEPTEMBER 22, 2018

Can a communication from a collector violate the Fair Debt Collection Practices Act, 15 U.S.C. What exactly does the term “debt collection” mean in the context of the FDCPA? It prohibits debt collectors from engaging in a broad range of unfair and misleading debt collection practices.

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Troutman Sanders

APRIL 26, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. On April 21, the Fair Debt Collection Practices for Servicemembers Act passed the House of Representatives under suspension of the rules.

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Debt Free Colorado

JUNE 18, 2024

Contact your friends, family, or employer about your debt. Publicly shaming you for not paying your debt. Falsely inflating the amount of debt you owe. The Fair Debt Collection Practices Act (FDCPA) is a federal law in the United States that protects consumers from creditor harassment.

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Collection Industry News

JULY 12, 2022

Court of Appeals for the Eleventh Circuit recently held that periodic statements required by the federal Truth in Lending Act may violate the federal Fair Debt Collection Practices Act if they are not truthful and fair. After defaulting on their home loan, a foreclosure suit was instituted. Daniels , 34 F.4th

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Better Credit Blog

FEBRUARY 5, 2021

As long as it’s there, a collections account can lower your credit score and hold you back from getting approved for credit cards, loans, jobs, and leases. Collections agencies are often the subject of complaints surrounding their faulty reporting and aggressive tactics. Foreclosures. About BCA Financial Services.

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Collection Industry News

MAY 30, 2022

abusive acts or practices); (2) any of the 18 enumerated consumer laws listed within the CFPA ( e.g. , Equal Credit Opportunity Act, Fair Debt Collection Practices Act, Truth in Lending Act); or (3) any rule or order prescribed by the CFPB, such as consent orders.

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Troutman Sanders

JANUARY 11, 2021

On December 15, 2020, the Seventh Circuit Court of Appeals decided four cases which all dealt with the issue of standing within the context of the Fair Debt Collection Practices Act (“FDCPA”).

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Troutman Sanders

AUGUST 1, 2023

An amendment in the NDAA to update the Fair Debt Collection Practices for Servicemembers Act passed in the Senate by a vote of 95-2. The resolution also requires that notices continue to be sent to homeowners informing them of the DC HAF program prior to a foreclosure action. The amendment, led by U.S.

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Better Credit Blog

MARCH 1, 2021

A collections account could result from unpaid fees, an overdrawn account, a credit card balance, or a defaulted loan. However, after some time passes, they may turn to a collections agency for assistance. The FDCPA keeps debt collectors from being abusive or threatening, and it encourages accurate reporting. Foreclosure.

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Better Credit Blog

MARCH 1, 2021

A collections account could result from unpaid fees, an overdrawn account, a credit card balance, or a defaulted loan. After some time passes, they may turn to a collections agency for assistance. The FDCPA keeps debt collectors from being abusive or threatening, and it encourages accurate reporting. Foreclosure.

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FDCPA Defense

FEBRUARY 1, 2018

Attorneys and other entities that regularly engage in collection work for community associations may be subject to the requirements of the Fair Debt Collection Practices Act, 15 U.S.C. as well as analogous state laws governing the consumer collection process. The issue in Ho v. ReconTrust Co., 3d 568 (9th Cir.

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Better Credit Blog

SEPTEMBER 4, 2020

Not only are debt collectors annoying but having one like TrueAccord on your credit report can let other lenders know that you tend to be late on payments. This can impact your ability to qualify for a mortgage, car loan, or various credit cards in the future. This is a way that you can have the debt deleted on a technicality.

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Better Credit Blog

FEBRUARY 24, 2021

But FNCB is hired by businesses to collect on debts. If you’ve fallen behind on payments in an industry like one of the ones listed below, it could be to blame for the collections entry on your report: Bank credit cards. Fortunately, you have rights under the Fair Debt Collection Practices Act. Foreclosure.

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Better Credit Blog

FEBRUARY 24, 2021

But FNCB is hired by businesses to collect on debts. If you’ve fallen behind on payments in an industry like one of the ones listed below, it could be to blame for the collections entry on your report: Bank credit cards. Fortunately, you have rights under the Fair Debt Collection Practices Act. Foreclosure.

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Better Credit Blog

NOVEMBER 23, 2020

Medical debt. Commercial debt. When you fail to repay a debt, whether it’s a medical bill, student loan, or credit card balance, it eventually enters collections. At this point, companies turn to debt collectors, either: Paying them to assist with their collection efforts, or. Bank cards.

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Collection Industry News

SEPTEMBER 23, 2020

However, over the past several years, the civil courts in most states have been overrun by debt collection cases against consumers. And debt buyers often lack the necessary documentation to prove either that they have the right to pursue the claim or that the amount owed is accurate. Negotiating a payment plan.

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FDCPA Defense

FEBRUARY 3, 2019

Attorneys who regularly engage in collection work for community associations have increasingly become targets for lawsuits filed by professional consumer attorneys under the Fair Debt Collection Practices Act (“FDCPA” or “the Act”), 15 U.S.C. Litton Loan Serv. Federal Home Loan Mortg. System, Inc.,

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Better Credit Blog

DECEMBER 2, 2020

Atlantic is a part of Encore Capital, a large corporation that purchases consumer debts from a long list of industries. That means Atlantic could be contacting you about any of the following common types of debt, and potentially others: Auto loans. New to debt collection? Foreclosures. Credit card bills.

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Jimerson Firm

JANUARY 16, 2023

The Florida Consumer Collection Practices Act (FCCPA) and the Fair Debt Collection Practices Act (FDCPA) are two pro-consumer statutes. Businesses should be aware of each statute and how to defend against such claims. The plaintiffs sought $500,000 each in actual damages to compensate for their emotional distress.

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Troutman Sanders

MARCH 8, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The stimulus package includes a provision that would end the current policy of considering any student debt forgiven taxable income.

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Troutman Sanders

MAY 2, 2023

PACE loans, secured by a property tax lien on the borrower’s home, are often promoted as a way to finance clean energy improvements, such as solar panels. Dollar (USD) LIBOR after June 30. For more information, click here. On April 27, Federal Trade Commission (FTC) Chair Lina M.

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Troutman Sanders

MAY 10, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. For more information, click here. A similar bill was previously introduced in the House of Representatives.

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Account Recovery

FEBRUARY 10, 2025

The Court of Appeals for the Sixth Circuit has affirmed a lower court’s summary judgment ruling in favor of a defendant in a Fair Debt Collection Practices Act case, agreeing that the plaintiff lacked standing to sue, but on different grounds, even though the plaintiff suffered a monetary injury.

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Troutman Sanders

AUGUST 2, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Federal Activities: On July 30, the U.S. Department of Agriculture, U.S. Department of Housing and Urban Development, U.S.

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Troutman Sanders

APRIL 12, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. On April 5, the CFPB proposed a set of rule changes to help prevent foreclosures as the emergency federal foreclosure protections expire.

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