article thumbnail

Washington AG Sues Agency for Not Including Required Disclosure in Letters

Account Recovery

The lawsuit emphasizes that Renton Collections’ actions were not only a violation of the Collection Agency Act but also the state’s Consumer Protection Act, as they misled consumers about their legal rights and failed to provide vital information.

article thumbnail

Suit Accuses Collector of Misinterpreting Refusal to Pay as Dispute

Account Recovery

The claims: The complaint accuses the defendant of violating Section 1692e(8) of the FDCPA by falsely reporting the debt as disputed when the plaintiff had “only exercised his [sic] legal right to refuse payment.” ” Read the complaint.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CFPB Orders Remittance App Provider to Pay $3M for ‘Cheating’ Consumers

Account Recovery

The Consumer Financial Protection Bureau yesterday entered into a consent order with a fintech company that operates a remittance transfer app that will see the company pay $3 million in fines and refunds to customers after it was accused of forcing customers to waive their legal rights, failing to provide required disclosures, and failing to […] (..)

article thumbnail

What New Debt Collector Rules Mean for You

Nerd Wallet

adults with debt in collections, knowing their legal rights is crucial. Working with third-party debt collectors can be confusing and scary. For the more than 68 million U.S. The Fair Debt Collection Practices Act covers third-party debt collectors — those who buy a delinquent debt from an original creditor, like a credit card company.

article thumbnail

What Is a UCC Filing?

Nerd Wallet

A Uniform Commercial Code filing, also known as a UCC filing, is a document that lenders use to establish their legal right to assets that a borrower uses to secure a loan. This notice allows the lender to seize the borrower’s collateral in the case of default. UCC filings can cover a specific piece of. Email: rkriss@nerdwallet.com.

article thumbnail

Going Legal: Legal Theories and Causes of Action in New York Debt Collection

FFGN COLLECT NY

The causes of action set forth the facts of your case that support your legal right or legal theory to collect the monies owed to you. When it comes to debt collection, the legal theories are determined by the facts and industries involved.

article thumbnail

5 Steps to Fight a Credit Card Lawsuit

Credit Corp

This is why it is important to know your legal rights and how to mitigate the effects of being sued. By being proactive and understanding your rights and protections, you can reduce the long-term consequences of a credit card lawsuit. Lack of standing: You can argue that the plaintiff does not have the legal right to sue you.