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Navigating Commercial Debt Collection: Tips and Best Practices

Taurus Collect

An inevitable part of this financial management is the realm of commercial debt collection. Whether you’re a small business owner or a financial manager in a large corporation, understanding the best practices for commercial debt collection can dramatically enhance your cash flow and protect your business’s financial health.

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Tenth Circuit Affirms Rejection of Bona Fide Error Defense in FDCPA Claim Alleging a Single Collection Call After Receipt of a Cease-and-Desist Notice

Troutman Sanders

17, 2021), the Tenth Circuit affirmed summary judgement in favor of the plaintiff in a claim under the Fair Debt Collections Practices Act (FDCPA), finding that the defendant debt collector failed to present sufficient evidence to establish a bona fide error defense. In Lupia v. Medicredit, Inc. , 20-1294 (10th Cir.

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2nd Cir. Holds FDCPA Defendant’s ‘Bona Fide Error’ Defense Should Go to Jury

Collection Industry News

Court of Appeals for the Second Circuit recently held that a debt collector did not violate the federal Fair Debt Collection Practices Act (FDCPA) where it unintentionally sent a valid debt collection communication to a non-debtor. A collection firm obtained a default judgment over a debtor named “William J.

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The Limits On Direct And Vicarious Liability Under The FDCPA

FDCPA Defense

For example, generally speaking, the Act applies only to “debt collectors” who regularly attempt to collect debts that are “due another.” Retrieval Masters Creditor Bureau, Inc. , 2008) (sole member of LLC may be held liable under FDCPA if he plays a significant role in directing the firm’s debt collection activities).