Credit Management Company

JANUARY 25, 2022

After speaking with colleagues, you were told about the possibility of commercial debt collection agencies taking over. This is known as business-to-business debt, these firms specialize in debt recovery owed by businesses. This type of debt collection can be hard to understand at first.

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FDCPA Defense

FEBRUARY 20, 2012

Does the Consumer Financial Protection Bureau (CFPB) have the power to tell debt collectors to turn over their attorney-client privileged communications? Thus, the Bureau effectively believes it can obtain the privileged documents of any debt collector in the country. Lets look at what the CFPB has said about this.

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Debt RR

SEPTEMBER 9, 2020

Once you have turned over the default accounts to the agencies, they will do the collection for you. The debt collectors will then contact your B2C or B2B clients regarding their overdue payments. There are laws regulated by the Federal and state for debt collectors. The industry served. Work Ethics.

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FFGN COLLECT NY

NOVEMBER 24, 2021

The new law has a direct impact on the collection of consumer claims within New York State and covers in-house collections efforts as well as those placed with a third-party debt collector including a collection attorney or agency.

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Better Credit Blog

FEBRUARY 18, 2021

BYL Collections isn’t a household name, but it collects for several businesses across multiple industries. Based in Westchester, Pennsylvania, BYL is a third-party collections agency that was founded in 1998. The agency specializes in consumer collections, commercial collections, and medical device recovery.

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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. McCalla Raymer, LLC , 755 F.3d

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Troutman Sanders

JULY 7, 2021

Federal Activities: On July 1, the Consumer Financial Protection Bureau (CFPB or Bureau) released a new complaint bulletin covering several areas of concern on relief provided in response to the COVID-19 pandemic, including the Centers for Disease Control and Prevention (CDC) eviction moratorium. District Judge Hawyood S.

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FDCPA Defense

FEBRUARY 1, 2018

Attorneys and other entities that regularly engage in collection work for community associations may be subject to the requirements of the Fair Debt Collection Practices Act, 15 U.S.C. as well as analogous state laws governing the consumer collection process. See Avila , 817 F.3d See Avila , 817 F.3d 3d at 76-77.

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FDCPA Defense

AUGUST 16, 2012

On February 17, 2012, the CFPB published its Proposed Rule Defining Larger Participants in Certain Consumer Financial Product and Service Markets. Entities in the debt collection market that generate $10 million in annual receipts from consumer collection activities would be deemed a “larger participant” in the market.

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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. For more information, click here.

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Troutman Sanders

JUNE 28, 2021

On June 23, the Federal Reserve announced that it would continue its Fed Listens initiative in 2021 to learn from a broad range of individuals, households, and communities about the economic recovery from the COVID-19 pandemic. To read more about AB 488 requirements, click here. To read more about the order, click here.

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