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4 more myths about debt collections DEBUNKED

American Profit Recovery

Have you ever wanted to know the real story behind the debt collection industry? Want to get the inside scoop on how things really are in the world of debt collections? There are untold amounts of myths regarding collection agencies and how they operate. Think you know everything about the debt collection industry?

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CFPB Warns Collectors Working Nursing Home Accounts About Potential FDCPA Violations

Account Recovery

The Consumer Financial Protection Bureau wants debt collectors to know that if they are collecting or attempting to collect debts on behalf of nursing home clients that require caregivers to personally guarantee payment of a resident’s bills — which violates federal law — the collector may be in violation of the Fair Debt Collection (..)

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Complaint Accuses Agency of Texting Mother About Daughter’s Debt

Account Recovery

A collection agency is being sued for allegedly violating the Fair Debt Collection Practices Act because it sent a text message to the plaintiff’s mother — who also had an account placed with the defendant — with the daughter’s name after the mother made a payment on her own account.

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Daily Digest – March 10. Complaint Accuses Collector of Debt Parking; Details About Visa’s New Rules for Collection Agencies

Account Recovery

COMPLAINT ACCUSES COLLECTOR OF DEBT PARKING We haven’t seen a lot of these types of lawsuits, even though people expected to see a lot of them filed after Regulation F went into effect. Complaint Accuses Collector of Debt Parking; Details About Visa’s New Rules for Collection Agencies first appeared on AccountsRecovery.net.

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Daily Digest – November 15. Creditor Facing Pair of Lawsuits for Allegedly Violating 7-in-7; State’s Tim Haag Talks About Change

Account Recovery

CREDITOR FACING PAIR OF LAWSUITS FOR VIOLATING REG F’S 7-IN-7 PROVISION A pair of lawsuits have been filed against a creditor, accusing it of violating the Rosenthal Fair Debt Collection Practices Act because the creditor allegedly violated the 7-in-7 call frequency restrictions of Regulation F in attempting to collect on an unpaid debt.

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Daily Digest – June 21. Complaint Accuses Collector of Texting Mother About Daughter’s Debt; Mediation Program Dropping Caseload in One Texas Court

Account Recovery

Complaint Accuses Collector of Texting Mother About Daughter’s Debt; Mediation Program Dropping Caseload in One Texas Court appeared first on AccountsRecovery.net.

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Daily Digest – July 26. Judge Grants MTD in FDCPA Case Over Post-BK Calls; Employees Don’t Care About Cybersecurity

Account Recovery

JUDGE GRANTS MTD IN FDCPA CASE OVER CALLS MADE POST-BK FILING A District Court judge in Illinois has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling that the plaintiff lacked standing to sue after being called three times by the defendant following the plaintiff filing for bankruptcy protection.