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Daily Digest – July 19. Class Action Accuses Collector of Violating FDCPA; State Honors Tom Haag

Account Recovery

CLASS-ACTION ACCUSES COLLECTOR OF VIOLATING FDCPA, FCCPA BY ADDING ‘ILLEGAL’ COLLECTION FEE A class-action lawsuit has been filed against a collection agency, accusing it of violating the Fair Debt Collection Practices Act and the Florida Consumer Collection Practices Act because it allegedly added an “illegal” collection fee that represented (..)

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Judge Denies MTD, Motion to Strike Class Allegations in Case Over Debt Parking

Account Recovery

A District Court judge in Illinois has denied a healthcare provider’s motion to dismiss a claim it violated the Illinois Consumer Fraud and Deceptive Business Practices Act (ICFA) and a collection agency’s motion to strike class allegations it violated the Fair Debt Collection Practices Act in a debt parking case on a medical debt.

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The Importance of Collection Agencies for Small Businesses Affected by Default Accounts

Debt RR

Due to the frustration they encounter when collecting debts, they may resort to outsourcing the debt collection process to a collection agency for small businesses. Collection agencies for small businesses are third-party establishments that collect overdue payments or funds from default accounts.

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What Does the CFPB Have to Do With My Debt Collection Claim?

FFGN COLLECT NY

Contact you at work if the debt collector knows or believes your employer prohibits personal calls. The Bureau educates, establishes and enforces rules, and has a compliance arm addressing debt collection as it relates to consumer collections. The CFPB regulates debt collection only as it relates to consumer debt.

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Who Should Use Commercial Debt (B2B) Collections?

Credit Management Company

Even when you try to send customer debt collection requests, they have fallen on black days. After speaking with colleagues, you were told about the possibility of commercial debt collection agencies taking over. This is known as business-to-business debt, these firms specialize in debt recovery owed by businesses.

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How To Remove BYL Collection Services From Your Credit Report

Better Credit Blog

BYL Collections isn’t a household name, but it collects for several businesses across multiple industries. Based in Westchester, Pennsylvania, BYL is a third-party collections agency that was founded in 1998. The agency specializes in consumer collections, commercial collections, and medical device recovery.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Established by the Economic Growth, Regulatory Relief, and Consumer Protection Act, IPAC consists of 21 members, who serve staggered three-year terms and bring professional backgrounds in insurance accounting, actuarial science, academia, insurance regulation, and policyholder advocacy. For more information, click here.