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Today’s webinar just happens to be on the topic of legalcollections (register here) so it’s entirely timely to write about a court ruling involving a judgment. The debt originated from a judgment obtained back in December 2008. Sometimes it’s better to be lucky than good.
When that customer is another business, you may need to resort to aggressive collection techniques. Cohen & Associates LLC, our experienced collection attorneys are aggressive and relentless, ethically pursuing all manners of collection debt practices provided to us under Massachusetts law. At Law Offices of Alan M.
On May 23, 2022, the Consumer Financial Protection Bureau (CFPB), in partnership with the New York Attorney General, filed a proposed judgment against a debt collection enterprise with a history of deception and harassment to pay $4 million and be permanently banned from the debt collection industry.
The older the asset becomes, the less valuable it is because older debt is less likely to be collected. Can Creditors Attempt to Collect Charged Off Debt? You still owe the debt, and the company can still attempt to collect the debt. Creditors can also take legal actions to collect these debts, including judgments.
On Thursday of last week, the CFPB filed a stipulated judgment that effectively extends the CFPB’s prior consent order with Encore for five more years in addition to applying certain monetary penalties. The post CFPB Settles with Encore for $15MM Civil Penalties and $78K Monetary Relief appeared first on Collection Industry News.
Hospitals once focused on patient care now grapple with the complexities of debt collection, with patients often facing confusing medical billing practices, aggressive collection tactics, and even disputes over debts they may not owe. With over 6,000 third-party collection agencies operating in the U.S.,
Hospitals once focused on patient care now grapple with the complexities of debt collection, with patients often facing confusing medical billing practices, aggressive collection tactics, and even disputes over debts they may not owe. With over 6,000 third-party collection agencies operating in the U.S.,
of the booklet brings several important updates for banks under OCC supervision, but these changes also carry implications for entities beyond traditional OCC-regulated institutions, such as debt collection agencies and fintech firms. Judge Dismisses FDCPA Case Over SOL on Judgment Sometimes its better to be lucky than good.
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