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Judge Grants MTD in FDCPA Case, Rules Defendant Not Collector

Account Recovery

In August 2022, the plaintiff alleged that the defendant, which had acquired the rights to the vehicle’s loan, began attempting to collect the debt. According to the FDCPA, a debt collector is defined as an entity whose principal purpose is to collect debts owed to another party. Learn more.

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Supreme Court says Congress must expand debt collection law

Roths Child Law

Congress needs to enact laws expanding consumer protections against abusive debt collection, the U.S. Tennessee residents may have heard about the case, which involved a class action filed by several people who defaulted on car loans. Debt obtained from bankrupted finance company. Supreme Court unanimously ruled in 2017.

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Texas A&M Journal of Property Law CFP for consumer law symposium

Public Citizen

  In addition, the Symposium welcomes discussion over the recent decision by the Uniform Law Commission to address debt collection efforts by third-party debt collectors or buyers based on default judgments. 

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CFPB Complaint Report Returns to Debt Collection

Consumer Financial Services Law

Here are the highlights: Debt collection, mortgage and credit reporting continue to be the leaders in complaint volume; Debt collections complaints comprise 27% of the total cumulative complaints received to date by the CFPB; Student loan complaints showed the greatest increase over the same period for 2015 with a 120% increase.

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Dealing with Debt Collectors

Debt Free Colorado

The Fair Debt Collection Practices Act (FDCPA) applies to collection firms and debt collectors attempting to recover consumer debts. Consumer debts include credit card debts, vehicle loans, medical costs, and school loans. The UCCC does not cover first home mortgages and refinancing loans.

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Charged Off as Bad Debt: An Explainer

Credit Corp

When your debt is charged off as a bad debt, don’t fool yourself into thinking it goes away. A charged off debt can lead to harassing phone calls, garnished wages, and a major drop in your credit score. According to the Federal Reserve, consumer loans had a charge-off rate of around 2.3% Consolidate your debt.

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Analysis of a Scam Email – “The Webster Law Firm” and Speedy Cash

Debt Free Colorado

If you’ve ever taken out a payday loan, chances are that you’ve received an email like the following, regardless of whether you paid off the loan or not. Also, it’s a violation of the Fair Debt Collection Practices Act (FDCPA) for a third party debt collector to disclose information about your debts to others.