Collection Industry News

MAY 3, 2021

Several members of ACA International have been appointed to the California Department of Financial Protection and Innovation’s (DFPI) new debt collection advisory committee. The seven-member committee will provide critical feedback to the DFPI as it creates its debt collection licensing program. Gavin Newsom last year.

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Collection Industry News

OCTOBER 18, 2021

The Maryland Office of the Commissioner of Financial Regulation will host a free online information session for Maryland consumer debt collection agencies from 1 to 4:45 p.m. The post Maryland Regulator Sets Informational Meeting For Debt Collectors appeared first on Collection Industry News.

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Collection Industry News

MARCH 30, 2025

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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. Accordingly, the CFPB has taken numerous actions on the issue of medical debt.

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Troutman Sanders

OCTOBER 11, 2021

On October 1, the CFPB published a set of Frequently Asked Questions (FAQs) on limited-content messages and the call frequency provisions in the Debt Collection Rule (Regulation F) that will go into effect on November 30. For more information, click here. For more information, click here. For more information, click here.

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Troutman Sanders

JUNE 21, 2023

State Activities: On June 16, Nevada Governor Joe Lombardo approved SB 276 as an update to the state’s Collection Agency Licensing Act. Originally adopted in 1969, the act provides for the licensure and regulation of collection agencies and collection agents. For more information, click here.

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Collection Industry News

OCTOBER 6, 2020

There was no ban on collections of old credit card bills, Encore’s specialty. Finding themselves with enough money to settle old debts, people responded to collectors’ calls and letters. Debt-buying executives couldn’t help marveling at their good fortune. (In Even that scenario turns out to be rosy for the debt buyers.

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