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FTC Takes Action Against Phantom Debt Collector That Collected Millions In Bogus Debt From Consumers

Collection Industry News

The company’s collectors call consumers out of the blue and threaten them with arrest, wage garnishment, and lawsuits if they don’t pay a supposed debt. According to the complaint, however, the debts GCI is attempting to collect either don’t exist at all or are not debts GCI can legally collect.

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Recommendations for Debt Collectors Working from Home

Nexa Collect

As per my knowledge, there are no clear guidelines from the government for a debt collector who wants to work from home. You should discuss these points with the compliance superior of your collection agency. In the United States, for example, debt collectors must adhere to the Fair Debt Collection Practices Act (FDCPA).

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Business Debt Collection Laws and their Connection to Commercial Debt

Debt RR

Like the Fair Debt Collection Practices Act, the U.S. business debt collection laws are regulations that safeguard businesses in commercial debt from harsh debt recovery practices by creditors and debt collection agencies. Does the Fair Debt Collection Act Apply to Businesses?

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What Is a Debt Collector and Why Are They Contacting Me?

Taurus Collect

What Is a Debt Collector? A debt collector is an entity, often a third-party agency, hired by creditors to recover funds that are past due or accounts that are in default. In the UK, debt collection companies operate under strict regulations set forth by the Financial Conduct Authority (FCA). Why Are They Contacting Me?

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Compliance Digest – December 16

Account Recovery

And there are several ideas in the proposed laws that should have bi-partisan support, especially requiring transparency from government agencies that use AI technology. Todays webinar just happens to be on the topic of legal collections (register here) so its entirely timely to write about a court ruling involving a judgment.

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