Collection Industry News

NOVEMBER 25, 2024

The Federal Trade Commission is taking action against a Georgia-based debt collector that tricked consumers into paying more than $7.6 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. The case will be decided by the court.

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The Kaplan Group

APRIL 8, 2025

Late last year, the Federal Trade Commission (FTC) approved a revision to 16 CFR Part 425, the rule concerning recurring subscriptions and other negative option plans. The law becomes effective May 14, 2025 unless overturned or legally challenged. Please reach out if you have questions or an unresolved dispute. Definitions. Exemptions.

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Public Citizen

AUGUST 22, 2021

This model shifts responsibility from individual consumers having to protect their own interests to organizations that must engage in fair data use practices to legally collect and use data.

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True Accord

MAY 26, 2022

This follows the September 2020 Federal Trade Commission (FTC) initiative “ Operation Corrupt Collector ” to protect consumers.

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Collection Industry News

DECEMBER 4, 2022

More than $1 million, or an average of $516 for each payment, is being returned to the victims either via PayPal or a mailed check, the Federal Trade Commission recently announced. ″ Consumers will be recovering all the money they lost to the scammers,” the FTC noted. Keep good records of past debts. Know your rights.

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Collection Industry News

OCTOBER 12, 2020

Operation Corrupt Collector” also includes five FTC law enforcement actions, including two newly filed cases that allege phantom debt collection—a practice where companies try to collect on debts they cannot legally collect or which a consumer does not owe. For example, in FTC. National Landmark Logistics LLC, et al.,

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Burt and Associates

OCTOBER 31, 2024

For debt collection agencies, this means more business—and potentially more consumer complaints. With over 6,000 third-party collection agencies operating in the U.S., millions of Americans have collection trade lines on their credit reports.

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