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Dealing with Debt Collectors

Debt Free Colorado

When collecting a debt from you, collection agencies must adhere to federal and state rules. Fortunately, the federal Fair Debt Collection Practices Act (FDCPA) protects all states. You have rights to help you gain control over your debt collection interactions. Call or text you to collect a debt between 8 a.m.

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Passage Of Debt Collection Bill Could Be A ‘Slippery Slope’ For Lenders

Collection Industry News

Despite objections from CUNA and NAFCU, the House of Representatives passed the Comprehensive Debt Collection Improvement Act on Thursday. In the letter, Nussle stated, “Lenders rely on complete and accurate credit reports when underwriting loans. Source: site. The bill, H.R. Maxine Waters (D-Calif.),

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Consumer Financial Protection Bureau’s Taskforce on Federal Consumer Financial Law Releases Its Report

Collection Industry News

The Taskforce was in part inspired by the National Commission on Consumer Finance, which was established by the Consumer Credit Protection Act in 1968 to conduct original research and provide recommendations relating to the regulation of consumer credit. To read the Taskforce Report Volume I click here: [link] .

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On May 4, the White House published technology standard document “United States Government National Standards Strategy for Critical and Emerging Technology.” For more information, click here. competitiveness and national security ….” On May 4, Colorado Governor Jared Polis signed SB93 into law.

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Biden Wants to Shut Down Credit Bureaus – What Would That Mean for You?

Collection Industry News

One of the more fascinating platform items of the Biden presidential campaign was the idea of transferring consumer credit ratings from Equifax (NYSE: EFX), Experian PLC (OTC: EXPGY) and TransUnion (NYSE: TRU) to a public registry under the Consumer Financial Protection Bureau. appeared first on Collection Industry News.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Among other provisions under the stipulated order, the for-profit school must request that consumer reporting agencies delete the debt from consumerscredit reports. The FTC also alleges that the for-profit school encouraged students to use income-share agreements to pay for the school. For more information, click here.