Account Recovery

APRIL 25, 2023

COMPLAINT ACCUSES COLLECTOR OF WITHHOLDING INFO ABOUT CREDIT REPORTING CHANGES Filed in the “no good deed goes unpunished” category, a collection agency is being sued for violating the Fair Debt Collection Practices Act because a collector informed the plaintiff about a change to credit reporting guidelines, but did not provide details about a new (..)

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Fair Debt Collection Collection Agencies Collections Agency Collections 100

Troutman Sanders

FEBRUARY 28, 2022

The filing lawsuits under the Fair Debt Collection Practices Act (FDCPA), the Fair Credit Reporting Act (FCRA), and the Telephone Consumer Protection Act (TCPA) increased dramatically in the first month of 2022 when compared to the number of filings in January and December 2021, per a report released recently by Web Recon LLC.

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Fair Debt Collection Collections 98

Credit Corp

NOVEMBER 9, 2020

Debt collection agencies have a long history of harassment and illegal practices. Can a collection agency report to a credit bureau without notifying you? Knowing illegal debt collection practices can help identify when you’re being treated unfairly. Attempts to Collect a Debt Not Owed.

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Collection Agencies Collections Agency Credit Bureau Collections 106

Credit Corp

JUNE 1, 2023

Your credit score may improve if your collection debt is reported to a new credit scoring model—FICO 9®, FICO 10®, VantageScore 3.0® Most creditors still report to old scoring models, so it’s unlikely paying off the debt will improve your credit score. In This Piece: What Is Collections Debt?

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Collections Debt collector Collection Agencies Collections Agency 127

Credit Corp

NOVEMBER 21, 2021

Can Debt Collectors Call on Holidays? While technically there are no specific prohibitions on debt collectors calling on holidays, it may fall into a category that’s not allowed by the Fair Debt Collection Practices Act (FDCPA). How Many Times in a Day Can a Debt Collector Call?

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Debt collector Fair Debt Collection Creditors Collections 98

Troutman Sanders

NOVEMBER 21, 2023

On November 17, the International Organization of Securities Commissions finalized its recommendations for crypto regulatory frameworks in a report. The report also recommends that service providers provide market surveillance measures. The report highlights consumer protection issues in medical debt collection.

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Troutman Sanders

MAY 2, 2023

The proposed rule would require lenders to assess a borrower’s ability to repay a PACE loan, as well as provide a framework for how these loans will be treated under the Truth in Lending Act. The bill additionally leaves room for assets that don’t fit neatly into either category. For more information, click here. On April 29, U.S.

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