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The Importance of Collection Agencies for Small Businesses Affected by Default Accounts

Debt RR

Due to the frustration they encounter when collecting debts, they may resort to outsourcing the debt collection process to a collection agency for small businesses. Collection agencies for small businesses are third-party establishments that collect overdue payments or funds from default accounts.

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COVID-19 Collections Impact Bulletin: State Responses (December 2020 Update)

Burr Forman

With new and impending changes in both the economic and political landscape, financial institutions have had to adapt to ever-changing policies governing consumer loan servicing and debt collection. In March of 2020, Burr published an article discussing the global pandemic’s impact on collection practices.

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Properly Evaluating and Defending Class Action Complaints

Jimerson Firm

Nevertheless, there appears to be an increase in class action complaints alleging violations of consumer protection laws such as Fair Debt Collection Practices Act (FDCPA), Florida’s Consumer Collections Practices Act (FCCPA), Fair Credit Reporting Act (FCRA), or Telephone Consumer Protection Act (TCPA).

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

The moratorium, which prevents the eviction of tenants unable to make rental payments, was scheduled to expire on June 30. The FAQs build on prior actions to provide state and local governments with the tools necessary to deliver relief to renters in need by helping grantees with implementation and best practices.

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Emerging Trends In FDCPA Litigation Against Community Association Attorneys

FDCPA Defense

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 Carlin , 852 F.3d The issue in Ho v.