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CFPB GC Talks About Debt Collection, Credit Reporting With Consumer Advocates

Account Recovery

The general counsel of the Consumer Financial Protection Bureau gave a speech yesterday to a group of consumer advocates and the two main areas of focus were debt collection and credit reporting. Within those two areas, Seth Frotman drilled down into discussing medical billing and collections, and landlord-tenant screening and debt.

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NCLC Issues Reg F Report Based on Survey of Consumer Advocates

Account Recovery

The report was based on the results of a survey of 117 consumer advocates nationwide, which included in-depth follow-up interviews with 22 of the survey’s respondents. … The post NCLC Issues Reg F Report Based on Survey of Consumer Advocates appeared first on AccountsRecovery.net.

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Advocates on DFPI Debt Collection Committee Make Suggestions to Reform Legal Collections

Account Recovery

The two consumer advocates on the California Department of Financial Protection and Innovation’s Debt Collection Advisory Committee have come out and made two recommendations to protect Californians “from illegal collection practices and lawsuits.”

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Lawmakers, Advocates React to CFPB Debt Collection Rule

Account Recovery

Here are some reactions to the Consumer Financial Protection Bureau’s debt collection rule from lawmakers and consumer advocates “As working families struggle to pay for food, housing, and other necessities, debt collectors are flooding the courts with collection lawsuits and reporting record profits.

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Advocates Push for More Medical Debt Changes in Wake of CFPB Announcement

Account Recovery

The ink on the proposal from the Consumer Financial Protection Bureau to prohibit medical debts from being included on consumers’ credit reports — among other changes — is barely dry and already consumer advocates are pushing for more changes to be made in the area of medical debt, according to a published report.

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Price Transparency Rule ‘Could Change Face’ of Medical Debt Collections: Advocate

Account Recovery

One patient advocate thinks they are, and is saying so in a recently published media report. The Price … The post Price Transparency Rule ‘Could Change Face’ of Medical Debt Collections: Advocate appeared first on AccountsRecovery.net.

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We are “all in” when advocating for the collection industry

American Profit Recovery

The best collection agencies not only help clients that are struggling with cash flow and late payments, but they also advocate for what is right. This award is presented to agencies that have shown increased interest in advocating for the debt collection industry at both the state and federal levels.