article thumbnail

CFPB Weighs in On the Side of the Debt Collector in FDCPA Dispute Over $0.00 in Interest and Fees

Troutman Sanders

Recently, the Consumer Financial Protection Bureau filed an Amicus Curiae brief in the United States Court of Appeals for the Third Circuit addressing whether a debt collector violates the Fair Debt Collection Practices Act by accurately stating that it is seeking to collect $0.00 Recovery Servs., 3d 212, 215 (2d Cir.

article thumbnail

Seven Ways to Get Out of Debt in 2022

Better Credit Blog

You can transfer your high-interest rate debts to this card while the APR is suspended, and by the time your new card accrues interest, you’ll have paid off most of your debt. Debt consolidation loans. What if I've been contacted by a debt collector?