Better Credit Blog

APRIL 4, 2022

Therefore, you’re in a good position when you tell the debt collector you are aware of The FDCPA and that any violation will be documented and forwarded to the Federal Trade Commission (FTC) as well as the Consumer Financial Protection Bureau (CFPB) and your State Attorney General’s office.

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Better Credit Blog

AUGUST 31, 2020

It is enforced by the Federal Trade Commission , a federal agency that protects consumers and maintains fair competition in the marketplace, including debt collection attempts. The law specifically limits how and when collections agencies can contact you, and it allows you to dispute debts.

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Stevens Lloyd

JULY 30, 2018

However, the trade gap between international countries and the United States has been bridged. Due to the increased level of import-export trade between the U.S. trades with, the United Kingdom has one of the lowest import/export ratios of indebtedness. The roles played by Credit Bureaus and collection agencies.

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Troutman Sanders

NOVEMBER 8, 2022

On October 31, the Federal Trade Commission announced that it is taking action against an education technology provider for its lax data security practices that exposed sensitive information about millions of its customers and employees, including Social Security numbers, email addresses, and passwords. For more information, click here.

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Troutman Sanders

MARCH 22, 2021

In recent days, many financial industry trade associations in dialogue with the CFPB have said they want to work with consumers struggling in the pandemic. The bill also would require such payments to be encoded, and would extend other restrictions on collection of such funds. ” For more information, click here.

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Troutman Sanders

SEPTEMBER 29, 2020

Pritzker extended Executive Order 2020-25, which includes limits on garnishments and wage deductions. Privacy and Cybersecurity Activities: On September 25, the Federal Trade Commission (FTC) alerted consumers that businesses have falsely claimed to be approved lenders for the Small Business Administration’s coronavirus lending program.

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Credit Corp

AUGUST 24, 2020

Once you’ve accomplished these tasks, you may still be wondering how to pay collections to a debt collection agency. Find out how to pay collections below. If you suspect that you are being contacted by a scammer, you can submit a complaint with the Federal Trade Commission. Verify the Debt. Know Your Rights.

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National Service Bureau

AUGUST 19, 2015

The latter are obviously people and organizations that you would want to avoid should your business need assistance with collecting on delinquent accounts. Let’s take a look at some of the miscreants in the debt collection industry.

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Sawin & Shea

FEBRUARY 2, 2022

If a creditor does not want to participate, they can still pursue you in all the ways allowed by law including lawsuits and wage garnishments. When you stop making payments and default, your account will be sent to a collection agency that may be willing to offer you a settlement that is less than what you actually owe.

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Better Credit Blog

APRIL 1, 2022

The credit bureau agencies, Experian, Transunion, and Equifax may lower your credit score by 50 points or more, resulting in higher interest rates for any future lending ventures. Credit Collection Services, known as CCS for short, is one of the largest debt collection agencies in the United States, based in Massachusetts.

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Troutman Sanders

MAY 23, 2023

Earlier this month, the Federal Trade Commission (FTC) modified its Telemarketing Sales Rule (TSR) guidance webpage to clarify the requirements for obtaining consent to deliver calls with prerecorded messages and the elements of assisting and facilitating liability. For more information, click here. The law will take effect October 1.

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Troutman Sanders

JULY 7, 2021

The plaintiffs, who include landlords and real estate trade associations from Alabama and Georgia, argue that the CDC exceeded its authority by imposing the ban. The law does not impact most third-party collection agencies, but it does impact some creditors and debt buyers. For more information, click here. On June 29, the U.S.

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Troutman Sanders

MARCH 15, 2021

The NFID emphasized that it may not extend this guidance past May, so “it is imperative that the collection agency begin making plans to ensure it can both comply with Nevada law and the laws of the other jurisdictions it does business in.” For more information click here. On March 5, Illinois Governor J.B.

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