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

FFGN COLLECT NY

The Consumer Financial Protection Bureau (CFPB) has more to do with your debt collection claim than you might think. Professionally, your business may deal with consumers directly or indirectly. Personally, CFPB has a lot to do with how companies approach you to collect debt and other financial products.

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

Debt RR

The settlement of debts acquired by either another company or an individual is one of the most common challenges that businesses experience. Collecting debts is time-consuming, especially if the debtor refuses to cooperate. What they can and cannot do when doing so are regulated by the Fair Debt Collection Practices Act.

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How To Remove BYL Collection Services From Your Credit Report

Better Credit Blog

When your debt goes into collections, it’s important to straighten things out quickly. If BYL Collections has been contacting you, the information below can help you move forward. How Does BYL Collection Services Work? Here’s how BYL Collection Services and other agencies like it work. Ask Lex Law for Help.

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What Debt Collectors Can and Can’t do on Social Media

The Kaplan Group

Debt collectors can now contact consumers on social media. Here’s the background and all you need to know about what debt collectors can and can’t do on social media. In November 2021, The CFPB made some long-awaited updates to the Fair Debt Collection Practices Act. Yes, it’s true.

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How Long Does a Florida HOA or Condominium Association have to foreclose on a HOA/COA Lien?

Jimerson Firm

Florida law provides that community associations may collect assessments from unit owners to cover operating and maintenance costs. The Fifth District Court of Appeals affirmed the decision, holding that the “ongoing obligation to pay assessments is a ‘consumer debt’ under the FCCPA.” See Kelly v. Duggan , 282 So. 1st DCA 2019).

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11th Cir. Reiterates That TILA Periodic Statements May Violate FDCPA

Collection Industry News

Court of Appeals for the Eleventh Circuit recently held that periodic statements required by the federal Truth in Lending Act may violate the federal Fair Debt Collection Practices Act if they are not truthful and fair. Source: site. A copy of the opinion in Lamirand, et al v. to be paid in one year.

Debtor 40
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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.