Account Recovery

FEBRUARY 17, 2021

Legislators in Colorado are moving forward with a bill aimed at overhauling student loan collection in the state, which, if enacted would create several conflicts with the Colorado Fair Debt Collection Practices Act for debt collectors.

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Student loans Student Loans Loans Fair Debt Collection 130

Account Recovery

FEBRUARY 9, 2021

A bill is moving through the legislature in Ohio that would halt the collection of all debts owed to any state college or university and any hospital operated by a college or university while also pausing the accrual of interest and collection fees on those debts. The bill was introduced by Rep.

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Student loans Student Loans Healthcare Loans 189

Account Recovery

FEBRUARY 9, 2021

BEDARD BREAKS DOWN RULE’S PROVISIONS RELATED TO LOCATION INFORMATION In issuing its debt collection rule, the Consumer Financial Protection Bureau had the opportunity to update a rule that had been left largely untouched since it went into effect more than 40 years ago.

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Student loans Student Loans Loans Collections 230

Account Recovery

JANUARY 8, 2021

NEW GUIDE OFFERS INSIGHTS INTO COMPLYING WITH CFPB’S DEBT COLLECTION RULE I am excited to announce the launch of a new section of AccountsRecovery.net, which aims to help the ARM industry better understand the Consumer Financial Protection Bureau’s debt collection rule and to help make the decisions and changes needed to comply with it.

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Student loans Student Loans Loans Collections 227

UK debt collections

FEBRUARY 16, 2021

Plans to create a Nationwide Debt Collection service to recoup unpaid covid Business support loans have hit a brick wall according to latest reports. £45 In total 1.47m loans were issued by Commercial Lenders with a government guarantee. Smaller lenders are bracing themselves for financial hits from the fall out of the scheme.

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Loans Collections Lender Bankruptcy 72

UK debt collections

JULY 22, 2021

The UK’s leading High Street banks are strengthening their Debt Collection teams ahead of the emergency covid loan defaults. The UK’s four largest banks are said to have hired over 750 new Debt Collection staff to their debt recovery units in a major challenge facing them.

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Collection Agent Banks Loans Collections 81

Account Recovery

JULY 8, 2021

To Rescind Guidance and Make it Easier to Investigate Student Loan Collectors appeared first on AccountsRecovery.net. The letter was written by … The post State Regulators Ask Ed. The letter was written by … The post State Regulators Ask Ed.

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Student loans Student Loans Loans Collection Agencies 246

Account Recovery

NOVEMBER 8, 2021

The Department of Education last week notified the private collection agencies it had been using to help recover payments on defaulted student loan debts that it would no longer be placing accounts with them. Cancels Contracts With Private Collection Agencies appeared first on AccountsRecovery.net.

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Collection Agencies Collections Agency Student loans Student Loans 246

Collection Industry News

FEBRUARY 22, 2021

Department of Agriculture has announced the temporary suspension of past-due debt collections and foreclosures for distressed borrowers under the Farm Storage Facility Loan and the Direct Farm Loan programs administered by the Farm Service Agency (FSA). For service center contact information, visit farmers.gov/coronavirus.

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Foreclosure Loans Collections Garnishment 40

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.

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Student loans Student Loans Trade Government 246

Account Recovery

JULY 28, 2021

In order for a collector to have a debt to collect, a consumer has to obtain some form of credit. That could be as simple as the balance from a visit to the doctor’s office or as complicated as a mortgage or auto loan.

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Loans Collections 246

Account Recovery

AUGUST 10, 2021

million in fines and penalties against a student loan debt relief company that was accused of collecting illegal advance fees that are prohibited under federal law. in Fines and Refunds to Student Loan Debt Relief Provider appeared first on AccountsRecovery.net. DFPI Assesses $1.4M

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Student loans Student Loans Loans Collections 246

Account Recovery

AUGUST 9, 2021

UTAH JUDGE GRANTS MTD IN FDCPA CASE OVER LACK OF LICENSE A District Court judge in Utah has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act class action case, ruling that it did not need a license to collect in that state in order to file collection lawsuits against the two … The post Daily Digest – August 9.

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Student loans Student Loans Fair Debt Collection Loans 246

Account Recovery

DECEMBER 15, 2021

An Appeals Court judge, sitting in the District Court for the District of Delaware by designation, has denied a motion to dismiss filed by 15 defendants who were sued by the Consumer Financial Protection Bureau for engaging in illegal debt collection practices related to student loans, because the defense raised by the defendants is “premature” (..)

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Student loans Student Loans Collections Loans 246

Account Recovery

AUGUST 12, 2021

A company that services online loans made to consumers has agreed to pay $1.6 million in a settlement with the Attorney General of Massachusetts after it was accused of using abusive debt collections that violated state regulations. AG Over Alleged Collection Abuses appeared first on AccountsRecovery.net.

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Lender Collections Loans 246

Account Recovery

OCTOBER 18, 2021

Hands Out Student Loan Contracts to Six Companies, Toughens Contract Terms appeared first on AccountsRecovery.net. The … The post Ed.

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Student loans Student Loans Loans Education 246

Account Recovery

APRIL 22, 2021

Claiming you have been the victim of identity theft is not enough to get a collection item removed from your credit report, a District Court judge in California has ruled, granting a defendant’s motion for summary judgment after the plaintiff claimed it violated the Fair Debt Collection Practices Act by continuing to report the debt … The (..)

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Loans Fair Debt Collection Judgment Collections 246

Account Recovery

FEBRUARY 2, 2021

A class-action lawsuit has been filed in Pennsylvania against a debt buyer, accusing it of violating the Fair Debt Collection Practices Act by attempting to collect on a payday loan it acquired that had an interest rate that was illegally high.

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Loans Fair Debt Collection Collections 189

Account Recovery

OCTOBER 19, 2021

Judge Grants MTD in FDCPA Hunstein Case; Report Shares Details of Student Loan Restart Proposals appeared first on AccountsRecovery.net.

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Student loans Student Loans Fair Debt Collection Loans 246

Account Recovery

MARCH 5, 2021

and will not bring back 31 employees who had been furloughed, citing the COVID-19 pandemic and changes to student loan collections as the reasons for the layoffs. Performant Recovery has filed a notice with the state of Oregon that it is planning on laying off 60 employees at its location in Grants Pass, Ore.,

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Student loans Student Loans Loans Collections 246

Account Recovery

MAY 7, 2021

A month after a similar bill was introduced in the House of Representatives, a bill has been introduced in the Senate that seeks to choke off access to the Paycheck Protection Program for any debt collector that has committed any violation of the Fair Debt Collection Practices Act.

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Loans Fair Debt Collection Debt collector Collections 246

Account Recovery

DECEMBER 22, 2021

Prodigal, a leading AI driven loan servicing and collections automation platform, is a team with a strong shared drive for serving others in the community. RICHMOND, Va. In their personal lives, they strive to be good stewards of what they accomplish in their professional lives.

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Loans Collections 242

Account Recovery

DECEMBER 10, 2021

Judge Denies MTD in FDCPA, TCPA Class Action; Lawmakers Making Waves Over Student Loans appeared first on AccountsRecovery.net.

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Student loans Student Loans Fair Debt Collection Loans 246

Account Recovery

JANUARY 18, 2021

The debt collection industry is being targeted for receiving funds under the Paycheck Protection Program because many of those companies have been complained about by consumers to the Consumer Financial Protection Bureau or been subject to regulatory and enforcement actions.

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Debt collector Lender Loans Collections 240

Account Recovery

MARCH 29, 2021

A District Court judge in Delaware has dismissed a lawsuit filed by the Consumer Financial Protection Bureau that accused a student loan servicer and the debt collector it hired of engaging in deceptive collection practices, ruling that the regulator did not have the authority to file the lawsuits because it did so at a time … The post Judge (..)

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Student loans Student Loans Collections Debt collector 204

Account Recovery

OCTOBER 18, 2021

Hands Out Student Loan Contracts appeared first on AccountsRecovery.net. Judge Remands FDCPA Case Back to State Court; Ed.

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Student loans Student Loans Fair Debt Collection Loans 246

Account Recovery

APRIL 19, 2021

The Attorney General of Minnesota has reached a settlement with a student loan debt relief company that was accused of falsely promising student loan forgiveness which will see the company repay all the money it collected from customers in the state and cease operations in Minnesota until it registers as a debt settlement service provider.

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Student loans Student Loans Loans Debt settlement 147

Account Recovery

APRIL 8, 2021

A bill has been introduced in the House of Representatives that seeks to cut off any debt collector from receiving additional funds under the Paycheck Protection Program if that collector has been found to have violated any provision of the Fair Debt Collection Practices Act by a federal agency or an action brought in a … The post Bill Introduced (..)

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Loans Fair Debt Collection Debt collector Collections 214

Account Recovery

APRIL 9, 2021

Judge Partially Grants MTD in Class-Action; Bill Introduced to Forgive Healthcare Workers’ Student Loans appeared first on AccountsRecovery.net.

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Student loans Student Loans Healthcare Fair Debt Collection 236

Account Recovery

AUGUST 10, 2021

MDNC Judge Grants MTD in FDCPA Class Action; DFPI Fines Student Loan Debt Relief Company $1.4M appeared first on AccountsRecovery.net.

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Student loans Student Loans Fair Debt Collection Loans 246

Account Recovery

AUGUST 27, 2021

in Student Loans Canceled appeared first on AccountsRecovery.net. Judge Grants MTD on All Counts But One in FDCPA Class Action; $1.1B

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Student loans Student Loans Fair Debt Collection Loans 246

Account Recovery

OCTOBER 11, 2021

Creates Student Loan Enforcement Unit appeared first on AccountsRecovery.net. Judge Awards Plaintiff $70k in Damages, Fees; Ed.

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Student loans Student Loans Fair Debt Collection Loans 240

Account Recovery

JANUARY 15, 2021

The Attorney General of Minnesota has obtained a settlement with a student loan debt relief company that illegally collected fees from individuals and misrepresented its services that will see the company pay the state more than $11,000 and cease operations in the state.

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Student loans Student Loans Debt settlement Loans 147

Account Recovery

JULY 7, 2021

Appeals Court Reverses Dismissal of FDCPA Suit Over Barcode on Envelope; New Student Loan Licensing Law in Mass.

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Student loans Student Loans Fair Debt Collection Loans 246

Account Recovery

JULY 9, 2021

Judge Denies Certification in FDCPA Suit; PHEAA Getting Out of Federal Student Loan Servicing appeared first on AccountsRecovery.net.

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Student loans Student Loans Fair Debt Collection Loans 221

Account Recovery

MARCH 31, 2021

Would a least sophisticated consumer understand — when reading a collection letter related to the collection of a deficiency balance on her car loan — that the debt is a “consumer debt” as defined by the Fair Debt Collection Practices Act?

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Judgment Fair Debt Collection Loans Collections 147

Account Recovery

FEBRUARY 2, 2021

Charge-off rates on nearly all consumer loan products ended 2020 at historical lows as Americans adjusted their spending habits taking advantage of stimulus payments and overall new-found liquidity.

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Collections Creditors Loans 176