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New York District Court Approves Class Action in FDCPA Case Alleging Improper Debt Assignment Notification

Troutman Sanders

Palisades Acquisition XVI, LLC , the plaintiff incurred a credit card debt, which was later assigned to a new creditor. In 2007, the new creditor commenced an action to recover the debt and obtained a default judgment against the plaintiff. The default judgment was later assigned to Palisades Acquisition. In McCrobie v.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Among other things, the updated draft includes the following: ○ Employees of debt collectors are not required to be licensed under the DCLA when acting within the scope of their employment by a licensed debt collector; ○ A creditor, including a provider of nonfinancial services, seeking repayment in its own name of consumer debt arising from a consumer (..)

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Top 5 Debt Collection Posts of 2022: Crisis and Opportunity

Fico Collections

A good contact strategy for early collections typically separates out special cases which require a specific treatment, identified by one or few data attributes. Such cases might include employees, deceased customers, fraud, first-payment defaulters or customers without valid contact data. Get Contact Data Before You Need It.