FFGN COLLECT NY

DECEMBER 15, 2021

Contact you at work if the debt collector knows or believes your employer prohibits personal calls. The Bureau educates, establishes and enforces rules, and has a compliance arm addressing debt collection as it relates to consumer collections. The post What Does the CFPB Have to Do With My Debt Collection Claim?

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American Profit Recovery

NOVEMBER 2, 2022

There are still many myths about the debt collection industry so we have compiled just a few to make sure that the public fully understands not only how collection agencies operate but the rights that consumers have when it comes to being in collections. Collection agencies always demand full payment-FALSE.

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The Kaplan Group

MARCH 24, 2022

Debt collectors can now contact consumers on social media. In November 2021, The CFPB made some long-awaited updates to the Fair Debt Collection Practices Act. What are the new rules regarding social media contact? Debt collectors can contact consumers on social media, but only through private messages.

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Better Credit Blog

FEBRUARY 18, 2021

When your debt goes into collections, it’s important to straighten things out quickly. If BYL Collections has been contacting you, the information below can help you move forward. How Does BYL Collection Services Work? Based in Westchester, Pennsylvania, BYL is a third-party collections agency that was founded in 1998.

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Katabat

DECEMBER 2, 2019

SoFi will leverage Katabat’s industry-leading Restore collections platform, to deliver an omnichannel experience for consumer collections. To learn more about our full range of debt management products, contact Katabat at info@katabat.com About SoFi SoFi helps people achieve financial independence to realize their ambitions.

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Qualco

APRIL 15, 2024

THE LEGACY SYSTEM BOTTLENECK: INEFFICIENCY AND COST Legacy systems in numerous financial institutions are outdated and inefficient, marked by manual segmentation, exception handling, rigid strategies, and manual creation of roles and contact templates.

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Jimerson Firm

JANUARY 20, 2023

However, in 2019, the First District Court of Appeals held that condominium assessments are considered “consumer debts” under the Florida Consumer Collection Practices Act (FCCPA) and the Fair Debt Collection Practices Act (FDCPA). See Kelly v. Duggan , 282 So. 3d 969, 973 (Fla. 1st DCA 2019).

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Debt RR

SEPTEMBER 9, 2020

It is natural for your business to ask for assistance from collection agencies, especially if you are having trouble collecting overdue payments. Once you have turned over the default accounts to the agencies, they will do the collection for you. How to Find a Collection Agency for Your Small Business.

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Consumer Financial Services Law

MARCH 22, 2021

Collection agencies should be mindful of this clarification and should begin reviewing their policies, procedures and scripts to evaluate whether they are sufficiently robust to adequately identify such parties.

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Collection Industry News

JULY 12, 2022

The appeal arose from a lawsuit brought by two Florida homeowners (“Debtors”) against their home loan servicer (“Servicer”) for alleged violations of the FDCPA and Florida’s Consumer Collection Practices Act. See Consumer Fin. After defaulting on their home loan, a foreclosure suit was instituted. See 15 U.S.C.

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Troutman Sanders

AUGUST 2, 2021

On July 15, the Connecticut Department of Banking fined a collection agency, after finding it had allegedly operated without proper licensing for about seven years. The collection agency filed an application through the Nationwide Multistate Licensing System and Registry with the state to act as a consumer collection agency in Connecticut.

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Troutman Sanders

JULY 7, 2021

In addition, cybercriminals are “also turning to trusted services like Dropbox, Google Drive, SendGrid, and Constant Contact” to distribute malware. A cybersecurity firm reported that there was a 161% increase in attacks using Cobalt Strike in 2020 compared to 2019. To read more about these cybercriminal activity trends, click here.

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Troutman Sanders

JUNE 28, 2021

The new law limits a collection agency’s ability to collect on medical debt. The proposed amendments include changing the definition of medical debt, allowing medical debtors to initiate contact and make voluntary payments, and preventing certain written communications from being sent via certified mail.

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