Account Recovery

MAY 5, 2023

Call … The post Bank Accused in FDCPA Class Action of Using Straw Law Firm to Collect on Debt first appeared on AccountsRecovery.net. The post Bank Accused in FDCPA Class Action of Using Straw Law Firm to Collect on Debt appeared first on AccountsRecovery.net. Want to learn more?

Law Firms 130

Law Firms Banks Collections 130

Account Recovery

JANUARY 24, 2024

is taken from his bank account to satisfy a judgment of approximately $12,000, even if the defendant attempted to collect more than it was entitled to? Does a plaintiff suffer an injury when $278.75

Banks 147

Banks Judgment Collections 147

Account Recovery

DECEMBER 12, 2022

The Connecticut Department of Banking has fined a collection law firm $100,000 — the maximum amount allowed by law — and ordered it to cease and desist from collecting in the state without a valid license. A copy of the enforcement order against the Law Offices of David M.

Law Firms 240

Law Firms Collections Banks 240

Account Recovery

NOVEMBER 16, 2021

Judge Denies Plaintiff’s Motion to Remand FDCPA Case; Bank Settles Collection Call Lawsuit For $3.5M appeared first on AccountsRecovery.net.

Banks 240

Banks Fair Debt Collection Debt collector Collections 240

Account Recovery

SEPTEMBER 14, 2020

A Danish bank is finding itself in hot water today after admitting it had known “for years” that technology problems with its systems were causing it to collect outdated or excessive amounts from its customers and never did anything to address the problem.

Banks 147

Banks Collections 147

Account Recovery

MAY 13, 2022

A collection agency’s involvement in a federal pay-to-play scandal has cost it an additional $25,000 after entering into a consent order with the Massachusetts Division of Banks. Division of Banks Fines Collector $25k for Role in Pay-to-Play Scandal appeared first on AccountsRecovery.net.

Banks 246

Banks Collection Agencies Collections Agency Collections 246

Account Recovery

FEBRUARY 24, 2022

… The post Banking Groups File Brief in Appeals Court Case over FDCPA Convenience Fees appeared first on AccountsRecovery.net. … The post Banking Groups File Brief in Appeals Court Case over FDCPA Convenience Fees appeared first on AccountsRecovery.net.

Banks 245

Banks Fair Debt Collection Debt collector Trade 245

Account Recovery

DECEMBER 16, 2022

The post Judge Grants Judgment for Defendant in FDCPA Case Over Garnishment from Joint Bank Account appeared first on AccountsRecovery.net. The post Judge Grants Judgment for Defendant in FDCPA Case Over Garnishment from Joint Bank Account appeared first on AccountsRecovery.net.

Garnishment 246

Garnishment Judgment Banks Fair Debt Collection 246

Account Recovery

APRIL 18, 2024

Getting to Know Eddie Antoniewicz of Royal Credit Union Judge Dismisses FDCPA Suit Over Collection Disclaimer Pathward Bank to Pay $700k in Fines, Penalties For Seizing Funds Paid to Debt Collectors CFPB Fines Vocational School for Deceiving Students, Hiding Finance Charges WORTH NOTING: What you eat during the day can have an impact on how […] (..)

Credit Unions 147

Credit Unions Credit Unions Debt collector Collections 147

Account Recovery

DECEMBER 8, 2021

Receeve, a German collection and recovery platform that is currently focusing on the European and South American markets, announced that it has secured ABN Amro — the third-largest bank in the Netherlands not only as a client, but also an investor, part of a $16 million investment round.

Collections 244

Collections Banks 244

Account Recovery

DECEMBER 7, 2023

A collection operation has agreed to pay a $10,000 fine to the Connecticut Department of Banking for operating in the state without the proper license to collect. The Background: The company operated in Connecticut as a licensed consumer collection agency from 2010 through 2018, when its license expired.

Collections 130

Collections Collection Agencies Collections Agency Consumer Collections 130

Account Recovery

DECEMBER 20, 2023

Regulators Fine Bank $36M for Freezing Accounts During Pandemic 23 Companies Seeking Collection Talent WORTH NOTING: A holiday playlist for everyone, regardless of how much Christmas spirit you’re filled with … A Santa-for-hire reveals how much the Christmas industry has […]

Banks 147

Banks Collections 147

Troutman Sanders

OCTOBER 10, 2023

The Connecticut Banking Commissioner (Commissioner), acting through the Consumer Credit Division of the Department of Banking (the Division), conducted an investigation into the Law Offices of David M. The firm allegedly collected about $81,000 of that amount. The firm had 14 days to request a hearing, but failed to do so.

Banks 52

Banks Collections Collection Agencies Collections Agency 52

Account Recovery

OCTOBER 26, 2021

The Connecticut Department of Banking has reached a settlement with a creditor that was using a different name under which to collect unpaid debts for not having a collection license that will see the company pay a fine of $10,000 and stop collecting debts in the state unless it is using the “true name of … The post Creditor Fined $10k (..)

Creditors 246

Creditors Collections Banks 246

Account Recovery

APRIL 20, 2023

Regulator Imposes Sanctions on Collection Operation first appeared on AccountsRecovery.net. Regulator Imposes Sanctions on Collection Operation appeared first on AccountsRecovery.net. The post Conn.

Collections 130

Collections Banks 130

Account Recovery

AUGUST 6, 2021

A District Court judge in Wisconsin has granted a defendant’s motion for partial summary judgment in a Fair Debt Collection Practices Act and Wisconsin Consumer Act case that accused the defendant of misrepresenting the level of attorney involvement and accelerating the debt and filing suit against the plaintiff without first giving him a right (..)

Banks 246

Banks Fair Debt Collection Judgment Collections 246

Account Recovery

APRIL 24, 2024

In most Fair Debt Collection Practices Act cases that are started in state court and then removed to federal court, it is the defendant — usually a collection operation of some kind — that is seeking to have the case heard before a federal judge. This time, it’s the other way around. A defendant in […]

Fair Debt Collection 147

Fair Debt Collection Collections Banks 147

FFGN COLLECT NY

APRIL 18, 2023

What happens to the money on deposit at the debt collection lawyer’s bank if that bank fails? Recent news could leave you wondering whether monies collected and deposited by your debt collection attorney on your behalf will be safe or at risk. In the event of a bank failure, the FDIC would insure $250,000.00

Lawyers 52

Lawyers Banks Collections Financial Institution 52

Jimerson Firm

JANUARY 26, 2023

When a judgment creditor in Florida attempts to collect on a judgment involving an individual, one mechanism for doing so is through a garnishment action of the judgment debtor’s bank account. Not all Bank Accounts Are Created Equal However, not all bank accounts are subject to garnishment in Florida.

Garnishment 52

Garnishment Banks Collections Judgment 52

American Profit Recovery

SEPTEMBER 8, 2022

By Delaney: One thing I did not consider when applying as a Collections Specialist is just how many ‘hats’ I’d come to wear in this role. We work with a variety of clients – dental offices, lawncare services, banks, veterinarians, restoration companies, and medical laboratories – just to name a few.

Collections 233

Collections Construction Banks 233

FFGN COLLECT NY

MARCH 25, 2024

Enforcing Judgments against bank accounts An easy way to enforce a judgment in New York is to restrain bank accounts. Here’s how it works: A judgment creditor would issue a restraining notice to the bank. So that once a restraining notice is prepared, someone could go to the bank or other financial institution, etc.,

Lawyers 98

Lawyers Judgment Collections Judgment Enforcement 98

Account Recovery

SEPTEMBER 1, 2021

The Connecticut Department of Banking has fined a debt collector for collecting interest in violation of state law on one account during a 15-year period, in the latest in a series of enforcement actions taken against companies in the accounts receivable management industry.

Accounts Receivables Management 246

Accounts Receivables Management Collections Debt collector Banks 246

Account Recovery

JULY 27, 2021

A collection agency has agreed to pay a $10,000 fine as well as nearly $3,000 in back licensing fees in a consent order entered into with the Connecticut Department of Banking after the agency was alleged to have operated in the state for seven years without the proper license. A copy of the consent order … The post Conn.

Collections 246

Collections Collection Agencies Collections Agency Banks 246

Account Recovery

MAY 5, 2023

BANK ACCUSED IN FDCPA CLASS ACTION OF USING STRAW LAW FIRM TO COLLECT ON DEBT A patsy. A class action lawsuit is accusing a bank of using a law firm as a front to collect on its own debts, allegedly violating the Fair Debt Collection Practices Act by sending … The post Daily Digest – May 5. A scapegoat.

Law Firms 130

Law Firms Judgment Banks Fair Debt Collection 130

Account Recovery

AUGUST 31, 2023

The Connecticut Department of Banking has reduced the fine against a law firm that was operating in the state without a consumer collection agency license to $20,000 from $100,000, largely on the basis that the law firm is no longer in business. A copy of the order with the Law Offices of David M. Katz […]

Law Firms 130

Law Firms Collections Collection Agencies Collections Agency 130

Qualco

MARCH 12, 2024

In our recent study on the collections sector conducted in partnership with Deloitte France, difficulty in finding the right staff emerged as a key challenge for respondents, both among those managing Banks’ collections departments and those overseeing servicing operations. This seems to be a recurring theme.

Collections 97

Collections Debtor Banks Loans 97

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.

Collection Agent 81

Collection Agent Banks Loans Collections 81

Account Recovery

DECEMBER 8, 2023

Owners of Allegedly Unlicensed Collection Operations Facing FDCPA Suit Judge Grants MTD in FDCPA Case Over Undated MVN Overdraft Fee Issues Cost Bank $6.2M in CFPB Enforcement Action January Raises $12M to Expand Collection Platform MCA Collection Agency Turns to Skit.ai

Collection Agencies 147

Collection Agencies Collections Agency Collections Banks 147

Account Recovery

FEBRUARY 15, 2024

Getting to Know Chris Peppler of Oliphant USA Judge Grants MTD in FDCPA Case Over Allegations of Collecting, Furnishing Without Consent Elective Medical Finance Company Raises More Money to Help Aid Expansion Pay-by-Bank Volume Set to Explode: Plaid WORTH NOTING: The health benefits of tai chi just keep expanding when compared to other forms of […] (..)

Collections 147

Collections Banks 147

Account Recovery

MARCH 16, 2021

The Federal Trade Commission yesterday announced settlements in a pair of cases it brought under Operation Corrupt Collector, where each of the defendants have agreed to lifetime bans from working in the collection industry and will turn over all the money in their bank accounts to satisfy more than $27 million in judgments that were … The post (..)

Collections 242

Collections Trade Judgment Banks 242

Account Recovery

JANUARY 13, 2021

The change in control of the Senate means that there will be a new Sherrod in town in charge of the committee that most directly deals with debt collections, and Sen. Sherrod Brown [D-Ohio], the new chairman of the Senate Banking Committee, met with reporters yesterday to outline his agenda for the coming Congressional session.

Banks 147

Banks Collections Financial services 147

Account Recovery

FEBRUARY 28, 2023

A … The post Ninth Circuit Affirms Dismissal of Creditor’s Suit Over Debt Collection Phone Calls first appeared on AccountsRecovery.net. A … The post Ninth Circuit Affirms Dismissal of Creditor’s Suit Over Debt Collection Phone Calls first appeared on AccountsRecovery.net.

Fair Debt Collection 130

Fair Debt Collection Collections Creditors Banks 130

Account Recovery

AUGUST 27, 2021

The individuals … The post Alleged $150M Payment Processing Scheme Included Debt Collection Transactions: Prosecutors appeared first on AccountsRecovery.net.

Collections 246

Collections Debt collector Banks 246

Troutman Sanders

DECEMBER 12, 2022

On December 1, the Connecticut Department of Banking issued a cease and desist order to the Law Offices of David M. Katz mandating the law firm cease conducting collection activities in the state without a license. The conduct required a Connecticut debt collection license, but the law firm failed to have one.

Law Firms 52

Law Firms Banks Collections Debtor 52

True Accord

FEBRUARY 7, 2024

After three decades of providing exceptional customer experience, a leading national bank recognized a lot has changed in the world of personal banking, technology, compliance, and, in turn, debt collection. Schedule a consultation today!

Debt Recovery 88

Debt Recovery Collections Banks 88

Qualco

MAY 25, 2022

Open Banking has been in the public eye for some time now. The increased demand for digitisation acted as an enabler to the Open Banking era. While in its infancy, open banking reached 5 million users in 2022, with a 25% percent increase only from the previous year. HOW FAR HAVE WE COME WITH ITS ADOPTION? HOW DOES IT WORK?

Banks 52

Banks Collections Creditors 52

Account Recovery

SEPTEMBER 22, 2020

An individual has filed a Telephone Consumer Protection Act lawsuit, claiming she received more than 130 debt collection calls from a defendant allegedly using an automated telephone dialing system after revoking consent to be contacted. A copy of the complaint in the case of Hammond v.

Collections 246

Collections Banks 246