American Profit Recovery

FEBRUARY 9, 2023

What type of training do you provide your commercial debt collectors? You’ll want to know that the commercial collection agency you choose provides ongoing and professional training for their debt collection staff and their customer service professionals.

Commercial Collection 202

Commercial Collection Collection Agencies Collections Agency Collections 202

Collection Industry News

DECEMBER 19, 2023

The Consumer Financial Protection Bureau (CFPB) today took action against a medical debt collector, Commonwealth Financial Systems, for illegally trying to collect unverified medical debts after consumers disputed the validity of the debts. WASHINGTON, D.C. – Read today’s order. Along with the U.S.

Third-party Debt Collectors 40

Third-party Debt Collectors Debt collector Collections Fair Debt Collection 40

Credit Management Company

JANUARY 25, 2022

Agencies work on a contingency basis - they only get paid when the debt has been collected. However, a commercial collection agency is unlike a consumer collection agency. You might be wondering which restrictions apply to commercial collection firms and agents. The end-target is different.

Commercial Collection 52

Commercial Collection Collections Collection Agencies Collections Agency 52

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. The answer may depend on who you ask.

Debt collector 40

Debt collector Law Firms Lawyers Collections 40

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. Collection Rate on Successful Accounts.

Collection Agencies 63

Collection Agencies Collections Agency Collections Debt collector 63

Troutman Sanders

JUNE 28, 2021

Department of the Treasury released guidance in the form of updated frequently asked questions (FAQs) and fact sheet to continue supporting the rapid deployment of emergency rental assistance by states, territories, localities, and tribal governments. For more information, click here. For more information, click here.

Financial services 52

Financial services Financial Institution Collection Agencies Collections Agency 52

Burr Forman

DECEMBER 4, 2020

Financial institutions, servicers, lenders, and debt collectors must stay up-to-date on evolving federal and state laws stemming from the COVID-19 pandemic, as such laws impact all facets of consumer loan servicing and debt collection.

Financial Institution 52

Financial Institution Garnishment Collections Foreclosure 52