Troutman Sanders

SEPTEMBER 8, 2023

The credit union then assigned the debt to a third-party collection agency. Following the assignment, the collection agency opened its own tradeline for the debt, while the credit union also continued to report the debt.

Original Creditor 59

Original Creditor Collection Agencies Collections Agency Credit Unions 59

Account Recovery

DECEMBER 20, 2021

technology-enabled provider of accounts receivable management (ARM) solutions, announced today it has completed its acquisition of EOS North America, a leading first- and third-party collection agency serving government, financial services, healthcare, telecom and utility clients in the United States and Canada.

Acquisition 246

Acquisition Accounts Receivables Management Healthcare Collection Agencies 246

Troutman Sanders

FEBRUARY 27, 2023

Section 604 of the Financial Services Regulatory Relief Act of 2006 requires that the agencies review information collected in the Call Reports to reduce or eliminate any requirement to file certain information or schedules if the continued collection of such information or schedules is no longer necessary or appropriate.

Financial services 52

Financial services Banks Loans Retail 52

Better Credit Blog

AUGUST 22, 2020

If you have an unpaid medical bill, you may begin to hear from a debt collector known as CMRE Financial Services. CMRE Financial Services is a collection agency that collects medical debts on behalf of hospitals and other healthcare businesses. What is CMRE Financial Services?

Financial services 52

Financial services Debt collector Original Creditor Collection Agencies 52

Better Credit Blog

SEPTEMBER 9, 2020

Have you noticed a company called Phoenix Financial Services on your credit report? If you have, this has probably been accompanied by calls from them to collect on a debt. This is because collection accounts on your credit report can have a significant impact on your score for up to seven years. That is not the case.

Financial services 52

Financial services Debt collector Collection Agencies Collections Agency 52

Troutman Sanders

MAY 31, 2022

On May 24, the CFPB announced that it will open the Office of Competition and Innovation as part of a new approach to help spur innovation in financial services by promoting competition and identifying stumbling blocks for new market entrants. For more information, click here. For more information, click here.

Financial services 52

Financial services Education Creditors Collection Agencies 52

Troutman Sanders

MAY 23, 2022

digital asset businesses, comparisons to traditional financial services and financial inclusion considerations, as well as technological considerations. SF 2922 contains a work-from-home provision that would allow collection agency staff to continue working remotely. For more information, click here.

Financial services 52

Financial services Trade Government Collection Agencies 52

Account Recovery

AUGUST 29, 2022

The Connecticut Department of Banking has revoked the consumer collection agency license and imposed a fine of $100,000 on a collection agency for failing to provide information requested during an examination, which rendered the state unable to determine the financial responsibility and general fitness of the operation that it could operate soundly (..)

Collection Agencies 244

Collection Agencies Collections Agency Consumer Collections Banks 244

Troutman Sanders

DECEMBER 21, 2021

Department of Education’s decision to terminate its federal student loan contracts with private collection agencies. Ron Wyden asked the CFPB to prevent credit agencies from selling Americans’ private, personal data unrelated to their credit or finances via data brokers. For more information, click here.

Financial services 52

Financial services Credit Unions Credit Unions Third-party Debt Collectors 52

Troutman Sanders

FEBRUARY 7, 2022

State Activities: On February 3, the Nevada Financial Institutions Division issued a notice of transition to all Nevada collection agency licensees, stating that “all current collection agency and manager licensees and registrants will be able to begin their required transition to NMLS” on April 1.

Financial services 52

Financial services Collection Agencies Collections Agency Financial Institution 52

Troutman Sanders

OCTOBER 4, 2021

On September 22, the Internal Revenue Service announced that it awarded new contracts to three private sector collection agencies to collect overdue tax debts. Beginning September 23, taxpayers with unpaid tax bills may be contacted by one of the following three agencies: CBE Group, Inc., Coast Professional, Inc.,

Financial services 52

Financial services Financial Institution Foreclosure Student loans 52

Troutman Sanders

MAY 9, 2023

On May 4, Colorado Governor Jared Polis signed SB93 into law.

Financial services 52

Financial services Student loans Student Loans Loans 52

Troutman Sanders

SEPTEMBER 27, 2021

On September 22, the Internal Revenue Service announced that it awarded new contracts to three private sector collection agencies to collect overdue tax debts. Beginning September 23, taxpayers with unpaid tax bills may be contacted by one of the following three agencies: CBE Group, Inc., Census demographic data.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

OCTOBER 19, 2021

These FAQs are a Compliance Aid designed to help collection agencies comply with Reg F, which goes into effect on November 30, 2021. State Activities: On October 26, the Maryland Office of the Commissioner of Financial Regulation will host a free online information session for Maryland consumer debt collection agencies.

Financial services 52

Financial services Student loans Student Loans Debt collector 52

Troutman Sanders

JULY 7, 2021

The law does not impact most third-party collection agencies, but it does impact some creditors and debt buyers. For more information, click here.

Financial services 52

Financial services Financial Institution Student loans Student Loans 52

CSA

FEBRUARY 3, 2021

I now support and advise businesses and stakeholders on a wide range of apprenticeship-based projects, with much of this work focussed in Financial Services. This means that Apprenticeship Levy funds are being lost, and begs the question, can debt collection agencies afford not to consider investing in apprenticeships in 2021?

Collection Agencies 52

Collection Agencies Collections Agency Collections Education 52

Account Recovery

AUGUST 5, 2020

The investment provides Katabat with … The post Katabat Attracts Significant Growth Investment from Tritium Partners and Terminus Capital Partners appeared first on AccountsRecovery.net.

Collection Agencies 147

Collection Agencies Collections Agency Debt Management Financial services 147

Troutman Sanders

SEPTEMBER 7, 2021

On September 2, the Nebraska secretary of state announced that the nationwide multistate licensing system (NMLS) is now receiving new application and transition filings for licenses, including for collection agencies and electronic surety bonds. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

OCTOBER 13, 2020

To preserve the landlord’s right to collect, landlords must provide tenants with written notice on or after October 1. On October 9, the Washington Collection Agency Board extended the state’s temporary work-from-home rule for employees of licensed collection agencies until February 17, 2021.

Financial services 52

Financial services Foreclosure Collateral Collection Agencies 52

Troutman Sanders

OCTOBER 11, 2021

State Activities: The Maryland Office of the Commissioner of Financial Regulation recently announced that it will host a free “virtual information session for Maryland consumer debt collection agencies” on October 26 from 1:00 – 4:45 p.m.

Financial services 52

Financial services Loans Lender Foreclosure 52

Debt Collection Answers

SEPTEMBER 30, 2020

Filed in federal court in South Carolina, the complaint alleges that National Landmark Logistics, four related companies, and three individuals took in more than $12 million through illegal debt collection practices – including pressuring consumers to pay debts they didn’t actually owe or that the defendants had no right to collect.

Collection Agencies 40

Collection Agencies Collections Agency Collections Financial services 40

Troutman Sanders

SEPTEMBER 29, 2020

On September 18, the Nevada Financial Institutions Division granted an extension allowing employees of licensed collection agencies to work from home through at least the end of 2020 so long as employees follow data security and other protocols. The order is now in effect until October 17, 2020. For more information, click here.

Financial services 52

Financial services Garnishment Financial Institution Collection Agencies 52

Troutman Sanders

JANUARY 11, 2021

On January 5, the Washington State Collection Agency Board (CAB) held a public hearing to hear comment on the proposed permanent rule allowing employees of licensed collection agencies to work remotely with proper procedures in place and accepted written comments until that date. For more information, click here.

Financial services 52

Financial services Foreclosure Collection Agencies Collections Agency 52

Troutman Sanders

MARCH 22, 2021

SB 548 would prevent health care providers from reporting debts to a credit reporting agency or placing them with a collection agency unless a medical provider provides a good faith estimate for the services to be rendered. The bill has been engrossed to the house for its consideration. For more information, click here.

Financial services 52

Financial services Garnishment Student loans Student Loans 52

Troutman Sanders

MARCH 1, 2021

Under the terms of SB-548, unless a medical provider provides a good faith estimate for the services to be rendered, the bill will prevent health care providers from reporting debts to a credit reporting agency or placing them with a collection agency. For more information, click here.

Financial services 52

Financial services Foreclosure Financial Institution Government 52

Troutman Sanders

SEPTEMBER 21, 2020

State Activities: On September 18, 2020, the Nevada Department of Business and Industry Financial Institutions Division granted an extension allowing employees of licensed collection agencies to work from home through December 31, 2020 so long as the agencies establish and maintain proper security protocols.

Financial services 52

Financial services Banks Government Acquisition 52

Debt Collection Answers

MAY 18, 2023

Capio Partners is a debt collection agency located in Georgia and has been in business since 2008. 3400 Texoma Pkwy #100, Sherman, TX 75090, United States Phone: + 1 903-892-7400 Capio Partners History Capio Partners is a debt collection agency based in the United States. What is Capio Partners?

Collection Agencies 52

Collection Agencies Collections Agency Healthcare Retrieval 52

Consumer Financial Services Law

MARCH 30, 2020

In a related move, the Department of Insurance invoked statutory powers which require collection agencies and others licensed and regulated by the Department of Insurance to offer their customers the option to defer debt payments. The DOI Order notes the emergency conditions in the state and invokes the provisions of N.C.

Collection Agencies 40

Collection Agencies Collections Agency Debt collector Collections 40

Debt Collection Answers

MAY 18, 2023

This is Caine and Weiner, a collection agency. Contact Details Address: Caine and Weiner 5805 Sepulveda Blvd 4 th floor, Los Angeles, CA 91411, United States Phone: +1 818-902-4255 Caine and Weiner History Caine and Weiner is a debt collection agency founded in 1930 by brothers Samuel and Morris Weiner in Los Angeles, California.

Collection Agencies 52

Collection Agencies Collections Agency Student loans Student Loans 52

Qualco

OCTOBER 25, 2023

Open Banking fundamentally transforms financial services by unlocking new insights into customers' lives. It provides real-time information, helps analyse spending patterns, assess financial health, personalise products, and detect fraud.

Credit Management 80

Credit Management Debt Recovery Retail Collection Agencies 80

Nexa Collect

NOVEMBER 26, 2022

As per FTC, starting June 9, 2023 all collection agencies will be treated as financial institutions. This means all collection agencies must secure consumer data nearly the same way as banks. Failure to comply with GLBA can have severe consequences for the collection agency, especially the owners and/or the CEO.

Collection Agencies 130

Collection Agencies Collections Agency Financial Institution Collections 130

Better Credit Blog

APRIL 1, 2022

If you fall into hard times, the inability to pay off your credit card bills or student loans can result in your debts being transferred to a debt collection agency. They recently acquired Alltran Financial Services in 2020. Not only is this untrue, but the debt they are attempting to collect might not even be yours!

Collection Agencies 77

Collection Agencies Collections Agency Garnishment Fair Debt Collection 77

FFGN COLLECT NY

DECEMBER 15, 2021

The Bureau educates, establishes and enforces rules, and has a compliance arm addressing debt collection as it relates to consumer collections. In New York State, it’s the Department of Financial Services. The CFPB regulates debt collection only as it relates to consumer debt.

Debt collector 98

Debt collector Collections Fair Debt Collection Collection Agencies 98

Debt Collection Answers

MAY 18, 2023

This is RMP Services, a collection agency. Collections can harm your credit score and linger on your credit report for up to seven years, whether or not you settle them. Collaborating with a credit repair company is the optimal approach to handling the RMP Services entry on your report.

Healthcare 52

Healthcare Collection Agencies Collections Agency Collections 52

Optio Solutions

FEBRUARY 13, 2020

13, 2020) — National debt collection agency Optio Solutions celebrated its 13th anniversary Feb. The new business results from developing partnerships with national clients in retail, education, financial services and other industries. Petaluma, Calif. 7 while experiencing steady growth over the last several years.

Retail 52

Retail Collection Agencies Collections Agency Education 52

Troutman Sanders

OCTOBER 10, 2023

The Commissioner alleged in the order that the firm had acted as a consumer collection agency in Connecticut without a consumer collection agency license, in violation of § 36a-801(a) of the Connecticut General Statutes. The firm had 14 days to request a hearing, but failed to do so.

Banks 52

Banks Collections Collection Agencies Collections Agency 52

Fico Collections

JULY 19, 2021

. Debt remediation is at the forefront of the financial services industry’s response to the pandemic, and this is leading collections operations to advanced analytics such as collections optimization. We are complementing Ultimo’s market-leading collections expertise with innovative data science.”.

Debt Management 52

Debt Management Collections Financial services Collection Agencies 52