Debt Collection News

Debt collection refers to the work done to recover balances from credit accounts that are past due. Most commonly, debt collection specifically references third party debt collectors whose clients include banks, credit card issuers and other credit grantors, debt buyers, governments, and any organization that extends credit or owns an account where a balance is due. Collection methods traditionally include phone calls from call center agents, e-mails, and letters, and increasingly, SMS text. If an account remains in arrears after these efforts, the collection agency may contract with a collection attorney to file suit to recover the debt, if the collection agency is not positioned to do so.

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Former Regulator Accuses CFPB of Targeting the Biggest Companies and Imposing "The Maximum Fines They Can Afford to Pay”

30 August 2016

CFPB’s Proposal for Collection of Decedent Debt: a Misguided Approach

30 August 2016

President of FMA Alliance Shares Experience at Debt Collection SBREFA Hearing

29 August 2016

Creditor Rights Law Firms Well-Represented on CFPB’s Small Business Review Panel

29 August 2016

Coast Professional, Inc. Ranks as a Fastest Growing Company in America Five Years in a Row

29 August 2016

Small Business Representative Shares Her Thoughts About Yesterday’s Debt Collection SBREFA Hearing

26 August 2016

Massachusetts Jumps into the Active Debt Collection Regulation Pool

25 August 2016

Consumer Relations Consortium Welcomes New Members; Continues Discussions with Consumers

25 August 2016

CFPB Debt Collection Proposals Would Create Problematic New Substantiation Standard

25 August 2016

The “Least Sophisticated Debtor” Is Getting More Sophisticated, And Has An Improved Memory Too

22 August 2016

Industry Gets Favorable Ruling in Debt Collection Envelope Case

18 August 2016

GAO Report Says CFPB Small Business Panels Could Be More Effective

15 August 2016

FCC Releases Rules Limiting Federal Government Debt Collection Calls

12 August 2016

7th Cir. Deepens Split on FDCPA Liability for ‘Time-Barred’ Claims

11 August 2016

FDCPA Safe Harbor Buried within CFPB Mortgage Rules

11 August 2016

PRAA Announces Financial Results for Q2 2016; Comments On CFPB Outline of Proposed Debt Collection Rules

10 August 2016

Illinois Governor Bruce Rauner Nixes Bill Connected to His Former Business Life in Debt Collection

9 August 2016

Ninth Circuit Court of Appeals Rules - Failure to Specifically State “This Communication is From a Debt Collector” is Not FDCPA Violation

9 August 2016

Stellar Recovery Unveils New Website

9 August 2016

Performant Financial Corporation Announces Financial Results for Q2 2016

8 August 2016

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