Trade - Creditor Collections Today

Trade Groups Petition FCC to Delay TCPA Rule Amid Deregulation Push

Account Recovery

MARCH 18, 2025

A number of trade groups from across the financial services industry, including ACA International, have petitioned the Federal Communications Commission to delay the enactment of a rule related to the Telephone Consumer Protection Act that is scheduled to go into effect next month.

Trade

Trade Financial services

Trade Groups Oppose Call Blocking Petition

Account Recovery

JUNE 9, 2021

A number of financial services trade associations — including ACA International — have filed a comment opposing a petition from a telecom organization that seeks to give voice service providers more flexibility when notifying consumers of calls that have been blocked.

Trade

Trade Financial services

Daily Digest – March 18. Plaintiff Sues for Not Being Able to Arbitrate; Trade Groups Petition FCC to Delay TCPA Rule Amid Deregulation Push

Account Recovery

MARCH 18, 2025

Plaintiff Sues for Not Being Able to Arbitrate Judge Denies Motion from Plaintiff to Reconsider Standing in FDCPA Case Trade Groups Petition FCC to Delay TCPA Rule Amid Deregulation Push Oklahoma Bill Would Shield Some Medical Debt from Credit Reports WORTH NOTING: Exposure to heat is as dangerous as smoking, according to new research … Is anyone (..)

Trade

Trade Student loans Student Loans Financial services

Webinars

How To Break Digital Transformation Barriers And Accelerate AI Adoption

The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

MORE WEBINARS

Daily Digest – November 25. EDPA Judge Partially Denies MTD in FCRA Case; Trade Groups Urge FCC To Strengthen Measures to Fix Call Blocking Issues

Account Recovery

NOVEMBER 25, 2020

TRADE GROUPS, INCLUDING ACA … The post Daily Digest – November 25. EDPA Judge Partially Denies MTD in FCRA Case; Trade Groups Urge FCC To Strengthen Measures to Fix Call Blocking Issues appeared first on AccountsRecovery.net.

Trade

Trade Body calls on Government to improve its Debt Collection methods

UK debt collections

FEBRUARY 12, 2025

In a new report, the Credit Services Association (CSA), the UK trade body for the debt collection and debt purchase sector, has called on the Government to improve its debt collection methods for collecting debts to help service users more effectively and boost collections revenues.

Government

Government Trade Collections Construction

Trade Groups, Including ACA Int’l, Urge FCC to Strengthen Measures to Fix Call Blocking, Mislabeling Issues

Account Recovery

NOVEMBER 25, 2020

A number of trade groups, including ACA International, met with representatives of the Federal Communications Commission last week to discuss the agency’s efforts ensure that legitimate calls are not either blocked or mislabeled by carriers, and, when they are, to provide notification to the callers in real-time.

Trade

Trade Government

ACA, Industry Trade Groups Submit Comment on FCC Call Blocking Rulemaking

Account Recovery

AUGUST 14, 2023

At the start of a week where I’ll be hosting a webinar on what to do when your calls are tagged as spam or scams, it’s timely to write about a comment that was filed by ACA International — along with a number of other industry trade groups — in response to a proposed rulemaking […]

Trade

Insolvency rising again says Trade body

UK debt collections

APRIL 15, 2024

INSOLVENCY activity has again increased in the south east, according to the UK’s insolvency and restructuring trade body. R3 figures showed a rise in this activity from 246 in February to 261 in March, remaining consistent with the 12-month high of 277 in March 2023.

Trade

Trade Creditors

House Passes Bill to Give FTC Back Its Financial Power

Account Recovery

JULY 23, 2021

The House of Representatives this week passed a bill that aims to restore the Federal Trade Commission’s ability to seek monetary redress in court, after a Supreme Court ruling determined that Congress did not intend to give the regulator that power.

Trade

AFSA Submits Comment Letter on Proposed Amendments to NYC Debt Collection Regs

Account Recovery

DECEMBER 16, 2024

Proposed amendments to New York Citys rules governing debt collection have drawn significant scrutiny from trade groups outside the collection industry, most notably the American Financial Services Association (AFSA), which submitted a comment letter last week regarding the proposed amendments.

Debt collector

Debt collector Collections Financial Institution Creditors

Daily Digest – August 14. Seventh Circuit Affirms Dismissal of FDCPA Suit for Lack of Standing, Again; ACA, Industry Trade Groups Submit Comment on FCC Call Blocking Rulemaking

Account Recovery

AUGUST 14, 2023

Seventh Circuit Affirms Dismissal of FDCPA Suit for Lack of Standing, Again ACA, Industry Trade Groups Submit Comment on FCC Call Blocking Rulemaking Judge Rules in Favor of Plaintiff in FCRA Case Over Reasonable Investigation Compliance Digest – August 14 WORTH NOTHING: How to become a kid’s favorite adult … How changes in the weather (..)

Trade

Acting FTC Chair Outlines Priorities

Account Recovery

FEBRUARY 18, 2021

Much has been written about how changes at the top of the Consumer Financial Protection Bureau are going to impact the accounts receivable management industry, but there are two other government regulators that also police debt collectors — the Federal Communications Commission and the Federal Trade Commission.

Accounts Receivables Management

Accounts Receivables Management Debt collector Trade Government

FTC Bans Operators of Student Loan Debt Relief Scam

Account Recovery

MAY 19, 2021

The Federal Trade Commission has banned those behind a student loan debt relief scam from providing debt relief services as part of a settlement that the agency announced earlier this week.

Student loans

Student loans Student Loans Loans Trade

3M New Names on DNC List; 1M More Robocall Complaints: FTC

Account Recovery

NOVEMBER 29, 2021

Nearly 3 million additional people added their phone numbers to the national Do Not Call registry during the 2021 fiscal year, which ended September 30, according to data released by the Federal Trade Commission just before Thanksgiving last week, bringing the total number of actively registered numbers on the list to more than 244 million.

Trade

FTC Report Analyzes How Fraud and Scams Affect Communities of Color

Account Recovery

OCTOBER 20, 2021

Debt collection, student loan debt relief, payday loans, and government impersonators are just a few of the categories highlighted in a Federal Trade Commission report that analyzes the regulator’s effort at addressing fraud and consumer issues that are affecting communities of color, which was released earlier this week.

Student Loans

Student Loans Student loans Trade Loans

FTC Provides $5M in Refunds to Consumers Scammed by Collectors

Account Recovery

APRIL 19, 2022

The Federal Trade Commission provided $4.86 million in refunds to individuals who were victimized in debt collection scams last year, the regulator noted in a summary it sent to the Consumer Financial Protection Bureau regarding its enforcement of the Fair Debt Collection Practices Act.

Fair Debt Collection

Fair Debt Collection Trade Collections

Debt Relief Scammers Banned From Industry, to Pay $425k in Penalties

Account Recovery

MARCH 1, 2022

million fine as part of a settlement that was announced by the Federal Trade Commission and the Attorney General of Florida. The operators of a debt relief scam have agreed to a permanent ban from the industry and will pay $425,000 out of a $5.3

Trade

Collectors Banned From Industry in Settlement with FTC

Account Recovery

DECEMBER 14, 2021

The remaining defendants in a lawsuit filed by the Federal Trade Commission have reached a settlement, under which they will be permanently banned from participating in the collection industry as well as surrender funds in a number of bank accounts and the title to a Mercedes as part of a $12 million judgment that has … The post Collectors Banned (..)

Trade

Trade Judgment Banks Collections

FTC Bans Payment Processor From Debt Relief After Involvement in Scam

Account Recovery

NOVEMBER 10, 2021

The Federal Trade Commission has permanently banned a payment processor from processing debt relief payments after it was accused of facilitating a student loan debt relief scheme while also requiring the company and its owner pay $500,000 that will be used to refund individuals who were duped by the scam.

Student Loans

Student Loans Student loans Trade Loans

FTC Publishes Biennial Report to Congress About Do Not Call Registry

Account Recovery

JANUARY 7, 2022

The Federal Trade Commission has published its biennial report to Congress detailing information about the national Do Not Call registry, which now has more than 244 million phone numbers on it, while also revealing that consumers filed more than 5 million complaints during the 2021 fiscal year, with robocalls being the source of the overwhelming … (..)

Trade

FTC Returns More Than $3.7 Million To Consumers Harmed by Online Lender Avant

Account Recovery

JANUARY 28, 2022

The Federal Trade Commission is returning more than $3.7 million to consumers who lost money because of unfair and deceptive loan servicing practices by online lender Avant, LLC. Million To Consumers Harmed by Online Lender Avant appeared first on AccountsRecovery.net.

Lender

Lender Trade Loans

Biden Nominates New FTC Commissioner, And How That May Impact Chopra’s Move to CFPB

Account Recovery

MARCH 23, 2021

In a move that many feel is a precursor to Rohit Chopra’s nomination to be the next director of the Consumer Financial Protection Bureau, President Joe Biden yesterday announced that he had tapped Lina Khan to be a commissioner of the Federal Trade Commission.

Trade

FTC Resurrects Penalty Tool in Crackdown on For-Profit Universities

Account Recovery

OCTOBER 7, 2021

The Federal Trade Commission yesterday announced a crackdown on deceptive and unfair practices used by for-profit universities by reviving a long-dormant enforcement tool that could have implications into how the regulator takes action against companies in the accounts receivable management industry.

Accounts Receivables Management

Accounts Receivables Management Trade

Defendants Settle With FTC, Agree to Lifetime Ban From Collection Industry

Account Recovery

MARCH 16, 2021

The Federal Trade Commission yesterday announced settlements in a pair of cases it brought under Operation Corrupt Collector, where each of the defendants have agreed to lifetime bans from working in the collection industry and will turn over all the money in their bank accounts to satisfy more than $27 million in judgments that were … The post (..)

Collections

Collections Trade Judgment Banks

FTC Seeks to Ban Non-Compete Clauses

Account Recovery

JANUARY 10, 2023

The Federal Trade Commission has proposed a rule that would ban the use of non-compete clauses in employment contracts, which affect as many as 18% of all workers in the United States.

Trade

FTC Sues, Gets TRO Against Debt Collector

Account Recovery

NOVEMBER 5, 2024

The Federal Trade Commission has filed a lawsuit and received a temporary restraining order freezing the assets and taking control over a Georgia-based debt collection agency, Global Circulation, Inc., after it was accused of using deceptive and abusive tactics to collect debts from consumers.

Debt collector

Debt collector Fair Debt Collection Collections Agency Collection Agencies

OCC Updates UDAP, UDAAP Handbook

Account Recovery

DECEMBER 5, 2024

The updated booklet outlines the OCC’s expectations regarding the oversight of UDAP and UDAAP risks, providing guidance for OCC examiners in evaluating a bank’s practices related to Section 5 of the Federal Trade Commission Act (FTC Act) and Sections 1031 and 1036 of the Dodd-Frank Act. Key Updates in Version 1.1 Learn more.

Collections Agency

Collections Agency Collection Agencies Trade Banks

FTC Issues Warning About Avoiding Racism When Using AI

Account Recovery

APRIL 21, 2021

The Federal Trade Commission dropped another … The post FTC Issues Warning About Avoiding Racism When Using AI appeared first on AccountsRecovery.net. Companies are using AI to help identify which accounts to contact and when to contact them and using algorithms to help them make more decisions and handle more collection inquiries.

Accounts Receivables Management

Accounts Receivables Management Trade Collections

FTC Sues ‘Web’ of Companies Selling Phony Debt Relief Services

Account Recovery

FEBRUARY 21, 2023

The Federal Trade Commission on Friday announced that it had filed a lawsuit against an “interconnected” group of companies and their principals, accusing them of delivering tens of millions of “phony” debt service robocalls and ringless voicemail messages in violation of the Telemarketing Sales Rule.

Trade

Golden Years Going Plastic: AARP Finds Older Adults Swiping for Survival

Account Recovery

MARCH 11, 2025

For many retirees, who often live on a fixed income, its a real challenge to pay down debt without significant trade-offs. By the numbers: What they’re saying: A concerning number of older adults carry credit card debt today just to make ends meet, said Indira Venkat, AARP Senior Vice President of Research.

Credit Card Debt

Credit Card Debt Credit Unions Credit Unions Debt Buying

Judge Dismisses Credit Repair Org. Suit Against CFPB, FTC

Account Recovery

MARCH 10, 2021

A District Court judge in Florida has granted a motion to dismiss after the Consumer Financial Protection Bureau and the Federal Trade Commission were sued by a trade association representing credit repair organizations that accused the regulators of overstepping their constitutional authority and that the Telemarketing Sales Rule is unconstitutional. (..)

Trade

FTC Sues Perpetrators of Phantom Collection Scheme

Account Recovery

MARCH 4, 2025

The Federal Trade Commission has obtained an injunction that halts the operations and freezes the assets of a pair of defendants Ryan and Mitchell Evans which operated a multitude of companies, including Blackrock Services, Blackstone Legal Group, Capital Legal Services, Quest Legal Group, Viking Legal Services, and others.

Collections

Collections Fair Debt Collection Garnishment Law Firms

Plant Hire firm enters liquidation despite nearly 50 years of trading

UK debt collections

MARCH 15, 2024

A well known Scottish plant hire firm has entered liquidation after near half a century of trade. All jobs have been lost at a Fife based plant hire firm James Penman (Plant hire) Limited as it was put into liquidation despite trading nearly 50 years.

Trade

Eleventh Circuit Affirms Ruling Against Loan Servicer Over Convenience Fees

Account Recovery

FEBRUARY 5, 2025

The cases were ones in which the Consumer Financial Protection Bureau and the Federal Trade Commissioned weighed in, supporting the plaintiff’s position. The court found that such fees, when not explicitly authorized in loan agreements or permitted by state or federal law, violate the FDCPA.

Loans

Loans Debt collector Fair Debt Collection Trade

FTC Sues, Gets TRO to Stop Student Loan Debt Relief Scam

Account Recovery

AUGUST 23, 2023

The Federal Trade Commission on Monday announced it had sued and obtained a temporary restraining order against a number of corporate and individual defendants accused of pretending to be affiliated with the Department of Education so that they could market student loan forgiveness programs that made false promises and collected millions in illegal (..)

Student loans

Student loans Student Loans Loans Education

CFPB Issues Rule Changing Enforcement Proceedings

Account Recovery

MARCH 16, 2022

The Consumer Financial Protection Bureau has issued a rule that will make it easier for engaging in enforcement actions via administrative proceedings — similar to how the Federal Trade Commission operates — rather than having to pursue enforcement actions in federal court, according to a published report.

Trade

FTC Files Suits Against Alleged Collection Scammers

Account Recovery

AUGUST 28, 2020

A District Court judge in South Carolina has lifted the seal on two complaints filed by the Federal Trade Commission against debt collection operations that are accused of violating the Fair Debt Collection Practices Act by allegedly convincing unsuspecting individuals that lawsuits have been, or will soon be, filed against them if they do not … (..)

Fair Debt Collection

Fair Debt Collection Collections Trade

CFPB Releases Draft of Strategic Plan

Account Recovery

DECEMBER 3, 2021

When a football player is traded from one team to another or released, one of the first things that the team asks for is the copy of the player’s playbook, which details all of the plays that the team uses during the course of a game.

Trade

ACA International Selects Scott Purcell as New CEO

Account Recovery

OCTOBER 18, 2021

15, 2021 – Minneapolis, Minnesota – ACA International, the world’s largest trade association for the accounts receivable management industry, has named Scott Purcell as CEO effective on Jan.

Accounts Receivables Management

Accounts Receivables Management Trade

FTC Fines Company $20M For FCRA Violations

Account Recovery

APRIL 30, 2021

The Federal Trade Commission has reached a $20 million settlement with a company accused of violating the Fair Credit Reporting Act by improperly obtaining individuals’ credit reports and the FTC’s Red Flags Rule for failing to implement an identity theft program.

Trade

CFPB, FTC Release Annual FDCPA Report, But What Does the Footnote Mean?

Account Recovery

MARCH 23, 2021

Both the Federal Trade Commission and the Consumer Financial Protection Bureau fulfilled their Congressional mandate in recent days by summarizing how both agencies administered and enforced the Fair Debt Collection Practices Act.

Fair Debt Collection

Fair Debt Collection Trade Collections

Crypto Firm Hires Former CFPB Director Kraninger to be Lobbyist

Account Recovery

JULY 23, 2021

Solidus Labs provides cryptocurrency trading surveillance and risk management tools. … The post Crypto Firm Hires Former CFPB Director Kraninger to be Lobbyist appeared first on AccountsRecovery.net.

Startups

Startups Trade

Four Data Breaches in Five Years Leads to FTC Enforcement Action

Account Recovery

NOVEMBER 3, 2022

The Federal Trade Commission has issued a Consent Order against a company that was accused of “lax” data security practices that resulted in four data breaches during the past five years, exposing the information for millions of individuals.

Trade

Settlement With FTC Bans Defendants From Collections, Imposes $675k Fine

Account Recovery

JANUARY 6, 2022

A company that made cash advances to small businesses has reached a settlement with the Federal Trade Commission that will see the defendants pay $675,000 while also being permanently banned from participating in any debt collection activities. A copy of the stipulated order for permanent injunction and monetary judgment in the case of FTC v.

Collections

Collections Trade Judgment

Trade Groups Petition FCC to Delay TCPA Rule Amid Deregulation Push

Trade Groups Oppose Call Blocking Petition

Webinars

Trending Sources

Daily Digest – March 18. Plaintiff Sues for Not Being Able to Arbitrate; Trade Groups Petition FCC to Delay TCPA Rule Amid Deregulation Push

Webinars

Daily Digest – November 25. EDPA Judge Partially Denies MTD in FCRA Case; Trade Groups Urge FCC To Strengthen Measures to Fix Call Blocking Issues

Trade Body calls on Government to improve its Debt Collection methods

Trade Groups, Including ACA Int’l, Urge FCC to Strengthen Measures to Fix Call Blocking, Mislabeling Issues

ACA, Industry Trade Groups Submit Comment on FCC Call Blocking Rulemaking

Insolvency rising again says Trade body

House Passes Bill to Give FTC Back Its Financial Power

AFSA Submits Comment Letter on Proposed Amendments to NYC Debt Collection Regs

Daily Digest – August 14. Seventh Circuit Affirms Dismissal of FDCPA Suit for Lack of Standing, Again; ACA, Industry Trade Groups Submit Comment on FCC Call Blocking Rulemaking

Acting FTC Chair Outlines Priorities

FTC Bans Operators of Student Loan Debt Relief Scam

3M New Names on DNC List; 1M More Robocall Complaints: FTC

FTC Report Analyzes How Fraud and Scams Affect Communities of Color

FTC Provides $5M in Refunds to Consumers Scammed by Collectors

Debt Relief Scammers Banned From Industry, to Pay $425k in Penalties

Collectors Banned From Industry in Settlement with FTC

FTC Bans Payment Processor From Debt Relief After Involvement in Scam

FTC Publishes Biennial Report to Congress About Do Not Call Registry

FTC Returns More Than $3.7 Million To Consumers Harmed by Online Lender Avant

Biden Nominates New FTC Commissioner, And How That May Impact Chopra’s Move to CFPB

FTC Resurrects Penalty Tool in Crackdown on For-Profit Universities

Defendants Settle With FTC, Agree to Lifetime Ban From Collection Industry

FTC Seeks to Ban Non-Compete Clauses

FTC Sues, Gets TRO Against Debt Collector

OCC Updates UDAP, UDAAP Handbook

FTC Issues Warning About Avoiding Racism When Using AI

FTC Sues ‘Web’ of Companies Selling Phony Debt Relief Services

Golden Years Going Plastic: AARP Finds Older Adults Swiping for Survival

Judge Dismisses Credit Repair Org. Suit Against CFPB, FTC

FTC Sues Perpetrators of Phantom Collection Scheme

Plant Hire firm enters liquidation despite nearly 50 years of trading

Eleventh Circuit Affirms Ruling Against Loan Servicer Over Convenience Fees

FTC Sues, Gets TRO to Stop Student Loan Debt Relief Scam

CFPB Issues Rule Changing Enforcement Proceedings

FTC Files Suits Against Alleged Collection Scammers

CFPB Releases Draft of Strategic Plan

ACA International Selects Scott Purcell as New CEO

FTC Fines Company $20M For FCRA Violations

CFPB, FTC Release Annual FDCPA Report, But What Does the Footnote Mean?

Crypto Firm Hires Former CFPB Director Kraninger to be Lobbyist

Four Data Breaches in Five Years Leads to FTC Enforcement Action

Settlement With FTC Bans Defendants From Collections, Imposes $675k Fine

Stay Connected