Collections Consumer Credit Education Garnishment 
FFGN COLLECT NY
JANUARY 6, 2023
The New York legislature passed many new laws in 2022, some of which directly affect New York debt collection. We reported on many of these laws including: Cutting the statute of limitations in half to collect medical and consumer debt from six years to three years. Interested in learning more about debt collection in New York?
The Kaplan Group
OCTOBER 19, 2020
Instead, I suggest you do what you can to educate yourself about your options. FDCPA ( Fair Debt Collection Practices Act). The Fair Debt Collection Practices Act (FDCPA) is a federal law that restricts the behavior of collection agencies when they are attempting to collect money from individuals. Garnishment.
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Credit Corp
JUNE 3, 2020
They provide a service to you and then bill you, similar to a credit extension. The company, creditor or collection agency has legal ways to pursue payment. The judgment creditor can then use that court judgment to try to collect money from you. Common methods include wage garnishment , property attachments and property liens.
Credit Corp
MAY 30, 2023
This is known as wage garnishment. The Consumer Credit Protection Act caps these types of garnishments. Nonwage garnishment. If you’re retired, unemployed, or self-employed, your bank account may be garnished instead. Some states add even more restrictions to the garnishment of bank funds.
Troutman Sanders
NOVEMBER 8, 2022
Department of Education released final regulations that streamline and improve the rules for major targeted debt relief programs. House of Representatives, seeking to protect a greater portion of consumers’ disposable income from garnishment. For more information, click here. On October 31, the U.S.
Collection Industry News
MARCH 2, 2021
Democratic senators have reintroduced legislation to prevent health care providers from actions such as wage garnishment in connection with medical debts. It is among several proposals on medical debt collections introduced at the state and federal level this year. The COVID-19 Medical Debt Collection Relief Act , sponsored by U.S.
Troutman Sanders
NOVEMBER 13, 2023
On November 9, the Department of Education (DOE) announced its plan to implement an oversight strategy of federal student loan servicers that provides several pathways for identifying problems that can harm borrowers, in real-time. Under the terms of the agreement, the company will refund more than $110,000 to consumers.
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