Better Credit Blog

APRIL 4, 2022

Therefore, you’re in a good position when you tell the debt collector you are aware of The FDCPA and that any violation will be documented and forwarded to the Federal Trade Commission (FTC) as well as the Consumer Financial Protection Bureau (CFPB) and your State Attorney General’s office.

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Debt collector Fair Debt Collection Collections Agency Collection Agencies 116

Collection Industry News

NOVEMBER 2, 2020

In early 2019, a garnishment action was filed by Pallida in Denton County, Texas to collect on the default judgment. Thus, the court held the defendants failed to demonstrate the statute of limitations barred plaintiff’s FDCPA claims, allowing plaintiff to bring claims as to both the 2010 collections action and the 2019 garnishment action.

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Troutman Sanders

OCTOBER 28, 2020

In early 2019, a garnishment action was filed by Pallida in Denton County, Texas to collect on the default judgment. Thus, the court held the defendants failed to demonstrate the statute of limitations barred plaintiff’s FDCPA claims, allowing plaintiff to bring claims as to both the 2010 collections action and the 2019 garnishment action.

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Troutman Sanders

MARCH 12, 2025

On February 27, the Federal Trade Commission (FTC) successfully obtained a temporary restraining order against Blackrock Services, Inc. Threats of Legal Action : The defendants threatened consumers with arrest, imprisonment, wage garnishment, and liens on property, despite having no authority or intention to take such actions.

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Sawin & Shea

JUNE 9, 2021

The FTC (Federal Trade Commission) is an arm of the United States government that enforces consumer protection and antitrust laws. If you lose, you may have your wages garnished or levies placed on your bank account, but that is done by the court, not directly by the collection agency.

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PDC Flow

FEBRUARY 27, 2025

In rare cases, a baiter may try to prompt the Consumer Financial Protection Bureau or Federal Trade Commission to deem the violations as unfair, deceptive, or abusive acts and practices (UDAAPs). Are you going to garnish my wages? Attorney Representation/Lawsuits Call baiters may reach out after seeking attorney representation.

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Troutman Sanders

MARCH 22, 2021

In recent days, many financial industry trade associations in dialogue with the CFPB have said they want to work with consumers struggling in the pandemic. On March 17, Virginia Attorney General Mark Herring announced a new law preventing garnishment or seizure of economic support payments. ” For more information, click here.

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Credit Corp

AUGUST 31, 2021

Judgments may give collectors additional collection powers, such as access to the money a debtor has in their bank account or the ability to garnish wages to collect the judgment. According to the Federal Trade Commission , whether or not collectors can continue to contact you about a time-barred debt is up to various state laws.

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Debt collector Collections Collections Agency Collection Agencies 75

National Service Bureau

AUGUST 19, 2015

Some of the laws and organizations that govern and oversee these interactions are the Consumer Financial Protection Bureau (CFPB), the Fair Debt Collection Practices Act (FDCPA), and the Fair Trade Commission (FTC).

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Sawin & Shea

FEBRUARY 2, 2022

If a creditor does not want to participate, they can still pursue you in all the ways allowed by law including lawsuits and wage garnishments. You are simply trading debt in one form for debt in another. Also know that there is no legal protection from creditors in a debt management plan. Debt Settlement. Credit Balance Transfers.

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Stevens Lloyd

JULY 30, 2018

However, the trade gap between international countries and the United States has been bridged. Due to the increased level of import-export trade between the U.S. trades with, the United Kingdom has one of the lowest import/export ratios of indebtedness. and other countries, it will not be uncommon for debts to be accrued.

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Troutman Sanders

JANUARY 31, 2022

On January 27, the Federal Trade Commission (FTC) announced that consumers in 2021 reported losing about $770 million to fraud initiated on social media — about one fourth of all reported fraud losses for the year and an 18-fold increase from 2017, according to the FTC’s latest Consumer Protection Data Spotlight.

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Troutman Sanders

MARCH 11, 2024

On March 6, the Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam called on Congress to pass legislation addressing regulatory jurisdictions in the crypto industry. The SEC alleged that Shapeshift violated Section 15(a) of the Securities Exchange Act of 1934 by facilitating trades in crypto assets without registration.

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Better Credit Blog

AUGUST 31, 2020

It is enforced by the Federal Trade Commission , a federal agency that protects consumers and maintains fair competition in the marketplace, including debt collection attempts. Threatening to garnish wages without a court order. Likewise, you can complain to the state attorney general’s office or the Federal Trade Commission.

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Credit Corp

AUGUST 24, 2020

If you suspect that you are being contacted by a scammer, you can submit a complaint with the Federal Trade Commission. Regardless of payment method, consumers should always keep documentation of their payment,” says Mark Schiffman, Director of Public Affairs for the credit and collection industry trade group ACA International.

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Collections Debt collector Collections Agency Collection Agencies 69

Troutman Sanders

NOVEMBER 2, 2020

State Activities: On October 30, Virginia Governor Ralph Northam signed House Bill 568, which automatically exempts emergency relief payments, as defined in the bill, from the creditor process, including garnishments and liens. For more information, click here.

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Troutman Sanders

DECEMBER 20, 2022

Federal Activities: On December 16, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) filed an amicus brief in the Eleventh Circuit in support of a plaintiff-appellant who filed a Section 1681s-2(b) claim against a furnisher for failing to conduct a reasonable investigation under the Fair Credit Reporting Act.

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Financial services Student Loans Student loans Loans 52

Troutman Sanders

MAY 23, 2023

Earlier this month, the Federal Trade Commission (FTC) modified its Telemarketing Sales Rule (TSR) guidance webpage to clarify the requirements for obtaining consent to deliver calls with prerecorded messages and the elements of assisting and facilitating liability. For more information, click here. The law will take effect October 1.

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Troutman Sanders

NOVEMBER 13, 2023

On November 7, the Commodity Futures Trading Commission (CFTC) announced that, in 2023 alone, the cumulative penalty amount stemming from consent orders it entered with digital asset-based companies totaled $4.3 For more information, click here.

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Better Credit Blog

APRIL 1, 2022

The Federal Trade Commission or FTC enforces these rules, collectively known as the Fair Debt Collection Practices Act and prevents debt collectors from harassing you. They may not threaten you with legal action, whether wage garnishment or harm to your credit without following through. in your timezone, not theirs.

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Troutman Sanders

MARCH 29, 2021

Specifically, hospitals would be prohibited from charging interest or fees on certain debts and from garnishing the wages of individuals who qualify for reduced or free medical care. Moreover, hospitals must offer payment plans to patients who do not exceed 5% of their income.

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Better Credit Blog

JANUARY 26, 2022

The Federal Trade Commission (FTC) warns that many tax relief companies make false claims and take money upfront, but then fail to take the steps to resolve their client’s tax debts on their behalf,” says Holly Johnson over at GoodFinancialCents. Money-back guarantee applies only to initial investigation.

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Troutman Sanders

NOVEMBER 1, 2021

On October 29, the Federal Trade Commission (FTC) issued a new enforcement policy statement, warning companies against deploying illegal dark patterns that trick or trap consumers into subscription services. For more information, click here. For more information, click here.

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Burr Forman

DECEMBER 4, 2020

On April 23, 2020, Governor Gavin Newsom issued Executive Order N-57-20 exempting stimulus payments and other COVID-19-related government financial assistance from attachment, levy, execution, or garnishment. On April 29, 2020, Governor Larry Hogan issued an executive order exempting CARES Act payments from garnishment under state law.

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Financial Institution Garnishment Collections Foreclosure 52

Troutman Sanders

SEPTEMBER 29, 2020

Pritzker extended Executive Order 2020-25, which includes limits on garnishments and wage deductions. Privacy and Cybersecurity Activities: On September 25, the Federal Trade Commission (FTC) alerted consumers that businesses have falsely claimed to be approved lenders for the Small Business Administration’s coronavirus lending program.

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Financial services Garnishment Financial Institution Collections Agency 52

Troutman Sanders

NOVEMBER 24, 2020

Federal Trade Commission (FTC) sent a warning letter to a financial aid company based in New York as part of its effort to monitor the marketplace for questionable claims arising from the COVID-19 pandemic. On November 16, the Federal Trade Commission (FTC) issued its Fiscal Year 2020 Agency Financial Report. On November 16, the U.S.

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Financial services Foreclosure Banks Loans 52

Troutman Sanders

DECEMBER 5, 2022

On November 30, the Federal Trade Commission (FTC) announced that it has temporarily shut down a credit card debt relief program and its affiliated companies that allegedly took millions from consumers by falsely promising to eliminate or substantially reduce their credit card debt. To read Emmer’s letter, click here. Kathy Hochul signed S.6522A/A.7363A

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Troutman Sanders

OCTOBER 26, 2020

The task force also adopted an updated report on trade-based money laundering and recognized progress by a number of jurisdictions. On October 22, the Federal Trade Commission (FTC) launched a new website, ReportFraud.ftc.gov , where consumers can report fraud and all other consumer issues directly to the FTC.

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Troutman Sanders

JULY 27, 2020

3841, a bill that protects the stimulus funds under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) from being garnished by judgement creditors and debt collectors, similar to how Social Security payments are exempt from being garnished. On July 23, 2020, the Senate unanimously passed S.

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Financial services Student Loans Student loans Garnishment 52

Collection Industry News

JUNE 14, 2021

Here are snapshots of some cases against debt collectors that the State Attorney General’s Office, Federal Trade Commission and other law enforcement agencies have pursued in the past decade. Two years later, the state and Federal Trade Commission fined him $112,000 after he was accused of using lies and threats to unlawfully collect $8.7

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Troutman Sanders

JULY 7, 2021

The plaintiffs, who include landlords and real estate trade associations from Alabama and Georgia, argue that the CDC exceeded its authority by imposing the ban. On June 30, Maine Governor Janet Mills declined to veto a new law that expands consumer protections against garnishments. For more information, click here.

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Financial services Financial Institution Student Loans Student loans 52

Troutman Sanders

AUGUST 9, 2021

On August 2, the Supreme Court of the State of New Mexico ordered the gradual lifting of the stay of writs of garnishment and execution in consumer debt collection cases. For more information, click here. For more information, click here.

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Financial services Student Loans Student loans Foreclosure 52

Troutman Sanders

NOVEMBER 8, 2022

On October 31, the Federal Trade Commission announced that it is taking action against an education technology provider for its lax data security practices that exposed sensitive information about millions of its customers and employees, including Social Security numbers, email addresses, and passwords. For more information, click here.

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Financial services Student Loans Student loans Garnishment 52

Troutman Sanders

FEBRUARY 8, 2021

On February 3, the Federal Trade Commission (FTC) provided the Consumer Financial Protection Bureau a summary of its activities enforcing the Equal Credit Opportunity Act. The debt collection rule is currently scheduled to go into effect on November 30, 2021. For more information, click here. For more information, click here.

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Collection Industry News

JANUARY 13, 2025

The industry trade journal Beckers Hospital Review recently elevated Advocate to No 4 on itsrankings of the nations largest hospital chains, up from No 7 earlier this year. Until March 2024, Advocate Health used South Carolinas department of revenue to garnish state income tax refunds from patients.

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Troutman Sanders

JANUARY 19, 2021

Chopra is currently a chairman on the Federal Trade Commission. Currently set to expire on February 1, the collection actions subject to the moratorium include garnishment, attachment, and levy. The report identifies hurdles residents face to obtain assistance in Maryland courts, including with eviction and garnishment proceedings.

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Troutman Sanders

MARCH 4, 2024

The OAG also found that the debt collection law firm illegally continued to pursue consumers for debts that were already paid or partially paid, and sometimes garnished wages for judgments that were completed.

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