Troutman Sanders
AUGUST 29, 2023
District Court for the Western District of New York granted the plaintiff’s motion for class certification for alleged violations of the Fair Debt Collections Practices Act (FDCPA) relating to an allegedly improper debt assignment notification. The default judgment was later assigned to Palisades Acquisition.
True Accord
AUGUST 11, 2022
August 14 is National Financial Awareness Day , making it an appropriate time to shine a spotlight on initiatives that can help improve consumer financial awareness in the collections space. Providing consistent outreach—especially in early delinquency—will give customers more opportunities to engage, understand, and resolve debt.
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Collection Industry News
OCTOBER 5, 2021
The credit card giant announced on Tuesday “Mastercard Installments” for US, Australian, and UK markets, offering consumers a 0% interest, pay-in-four-instalments model that’s similar to the rest of the BNPL players in the industry. BNPL can also increase impulse purchases and make it more difficult to track overall spending.”.
Fico Collections
JANUARY 18, 2023
Top 5 Debt Collection Posts of 2022: Crisis and Opportunity. As more people enter the collections queue due to rising costs and economic wobbles, our collections experts share their tips for early collections, digital approaches and more. Here are the top five posts from 2022 on debt collection trends.
Fico Collections
MAY 19, 2021
From banks to telcos to debt collection agencies, what looks like unrecoverable bad debt may in fact be first-party fraud. For many people, the word “fraud” evokes images of shadowy criminals using stolen identities and purloined credit card information to commit financial crimes. What Is First-Party Fraud?
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