American Profit Recovery

NOVEMBER 2, 2022

To say there is endless misinformation about debt collections in the media and on the Internet would be a vast understatement. Right up front, you should know that the debt collection industry provides critical and necessary support to not only consumers and the business community but the overall economy.

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American Profit Recovery

NOVEMBER 23, 2022

This work helps the overall economy, consumers that may be struggling with ongoing debt, and small businesses struggling to meet payroll and other expenses. The debt collection industry helps larger organizations keep costs down and keeps the workforce employed. The debt collection industry touches just about everyone.

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Collection Agencies Collections Agency Collections Debt collector 130

Collection Industry News

DECEMBER 19, 2023

The Consumer Financial Protection Bureau (CFPB) today took action against a medical debt collector, Commonwealth Financial Systems, for illegally trying to collect unverified medical debts after consumers disputed the validity of the debts. WASHINGTON, D.C. – Read today’s order.

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Third-party Debt Collectors Collections Debt collector Fair Debt Collection 40

Katabat

DECEMBER 2, 2019

SoFi will leverage Katabat’s industry-leading Restore collections platform, to deliver an omnichannel experience for consumer collections. To learn more about our full range of debt management products, contact Katabat at info@katabat.com About SoFi SoFi helps people achieve financial independence to realize their ambitions.

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Personal loans Loans Collections Debt Management 78

The Kaplan Group

MARCH 24, 2022

In November 2021, The CFPB made some long-awaited updates to the Fair Debt Collection Practices Act. The new rules open up more avenues for collectors to communicate with debtors while still protecting consumers from unfair debt collection practices. Most people seem to agree with CFPB’s former president Kathleen L.

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Debt collector Debtor Fair Debt Collection Collections 52

Jimerson Firm

JANUARY 16, 2023

The Florida Consumer Collection Practices Act (FCCPA) and the Fair Debt Collection Practices Act (FDCPA) are two pro-consumer statutes. Accredited Collection Agency Inc. , No. Collection Services, Inc. Businesses should be aware of each statute and how to defend against such claims. See, e.g., Lane v.

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Garnishment Foreclosure Banks Consumer Collections 52

Troutman Sanders

AUGUST 2, 2021

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.

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