Remove 2022 10
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Aged Account Comes Back to Haunt Collections Firm: Federal District Court Revives Time-Barred FDCPA Claims

Troutman Sanders

serves as a reminder that judgment creditors must still tread carefully when seeking to collect on, or revive, judgments from yesteryear. ARG) filed an action in Washington state court to collect on a medical debt owed by Sarah Pitera. After she was served the complaint, Pitera sent two letters to ARG’s collections counsel.

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A Sign of Things to Come? FDCPA, FCRA, and TCPA Filings Increase in January 2022 Compared to Same Time Period Last Year

Troutman Sanders

The filing lawsuits under the Fair Debt Collection Practices Act (FDCPA), the Fair Credit Reporting Act (FCRA), and the Telephone Consumer Protection Act (TCPA) increased dramatically in the first month of 2022 when compared to the number of filings in January and December 2021, per a report released recently by Web Recon LLC.

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Monthly Accounts Receivables Roundup for July 2021

Katabat

30, 2021 Effective Date for Debt Collection Final Rules. The Consumer Financial Protection Bureau (CFPB) has announced that two final rules issued under the Fair Debt Collection Practices Act (FDCPA) will take effect as planned, on November 30, 2021. Preferred Collection and Management Services, Inc.

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Monthly Accounts Receivables Roundup for July 2021

Katabat

30, 2021 Effective Date for Debt Collection Final Rules. The Consumer Financial Protection Bureau (CFPB) has announced that two final rules issued under the Fair Debt Collection Practices Act (FDCPA) will take effect as planned, on November 30, 2021. Preferred Collection and Management Services, Inc.

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CFPB Clarifies Legality Of Debt Collector Pay-To-Pay Fees

Collection Industry News

The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion on June 29, 2022, clarifying its view as to the legality under the Fair Debt Collection Practices Act (FDCPA) of “convenience fees” for optional methods of expedited payment not prescribed in the underlying loan documents, such as payment by phone or on the web.

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Seven State AGs Announce Settlement With Robocallers

Troutman Sanders

It also bans them from engaging in lead generation or telemarketing for 10 years in the plaintiff states, and from engaging in such activities for two years on a nationwide basis. Specifically, it permanently bans Shapiro, Smith, and their companies from engaging in robocall-related activities in the plaintiffs’ states.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Representative Madeleine Dean reintroduced the Fair Debt Collection Practices for Servicemembers Act. On March 3, the Consumer Financial Protection Bureau (CFPB) released a notice of proposed rulemaking to delay the mandatory compliance date of the General Qualified Mortgage final rule from July 1, 2021 to October 1, 2022.