Collection Industry News

DECEMBER 21, 2020

In January 2009, after a homeowner (“debtor”) fell behind on his homeowners’ association (HOA) dues, a law firm acting as a debt collector for the HOA sent notices to the debtor regarding the unpaid debt. Two months later, the bankruptcy court entered an order of discharge in the debtor’s case. 1692d, 1692e, 1692f.

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Bankruptcy Chapter 13 bankruptcy Law Firms Debtor 40

Troutman Sanders

OCTOBER 19, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. These FAQs are a Compliance Aid designed to help collection agencies comply with Reg F, which goes into effect on November 30, 2021.

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Financial services Student loans Student Loans Debt collector 52

Sawin & Shea

AUGUST 24, 2020

Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits. Chapter 13 Bankruptcy: Chapter 13 bankruptcy is a reorganization of debts for debtors with regular income. Debt collection agencies can be thoroughly unpleasant.

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The McHughes Law Firm

AUGUST 29, 2016

Whether the debts are a few hundred dollars or tens of thousands, new business debt collection processes help countless companies recover debt in a timely manner. Myth No 3: If I Can Not Collect the Debt Myself, the Debtor Will Not Pay. It is certainly prudent to try to collect debt on your own for a period of time.

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Collections Debtor Law Firms Collection Agencies 40

Better Credit Blog

AUGUST 12, 2020

While Charter does most of its business under its brand name Spectrum, 11 Charter Communications is commonly the name associated with its debt collection efforts. Fortunately, getting a collection agency removed from your credit report is easier than you might think with the three tips below. Opt for a pay-for-delete agreement.

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Debt collector Fair Debt Collection Collection Agencies Collections Agency 64

FDCPA Defense

NOVEMBER 11, 2014

1989) (“The statute is not satisfied merely by inclusion of the required debt validation notice; the notice Congress required must be conveyed effectively to the debtor. It must be large enough to be easily read and sufficiently prominent to be noticed – even by the least sophisticated debtor. Southern Oregon Credit Servs, Inc. ,

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Troutman Sanders

MAY 17, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. 248, which limits a collection agency’s ability to collect on medical debt. For more information, click here.

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Financial services Foreclosure Collection Agencies Collections Agency 52

Troutman Sanders

JUNE 28, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The new law limits a collection agency’s ability to collect on medical debt. You may access this interactive tool at [link].

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Financial services Financial Institution Collection Agencies Collections Agency 52

Troutman Sanders

FEBRUARY 13, 2024

The judge stated that since Genesis never transferred the assets, they cannot be considered as collateral pledged by the debtor. The defendants and the CFPB jointly agreed to the dismissal of their respective appeals. The final settlement required the defendants to pay $10.9 million in consumer redress and a $1.1 million penalty.

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Financial services Student loans Student Loans Collection Agencies 52