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. After defaulting on their home loan, a foreclosure suit was instituted. to be paid in one year. Daniels , 34 F.4th

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Troutman Sanders

JULY 7, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The rules cover loans on principal residences, generally exclude small servicers, and will take effect on August 31.

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Burr Forman

APRIL 23, 2021

For instance, can an owner of a mortgage loan communicate with the servicer of the loan? Is there liability for communication of consumer information to a process server? The FCCPA also has prohibitions regarding the disclosure of a consumer’s information to third parties.

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Collection Industry News

SEPTEMBER 23, 2020

Frequently, these borrowers also allege that the convenience fees violated other state consumer protection statutes, breached the express terms of their mortgage agreements, and ran afoul of common law. This year, numerous courts across the country have ruled on loan servicers’ motions to dismiss convenience claims asserted by borrowers.

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Jimerson Firm

JANUARY 16, 2023

The Florida Consumer Collection Practices Act (FCCPA) and the Fair Debt Collection Practices Act (FDCPA) are two pro-consumer statutes. Florida’s Consumer Collection Practices Act (FCCPA) Part 1: Understanding the FCCPA (jimersonfirm.com) . Jimerson Birr (jimersonfirm.com).

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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. This Bulletin serves as an update to that non-exhaustive compilation of information.

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Debt RR

SEPTEMBER 9, 2020

How to Find a Collection Agency for Your Small Business. There are many collection agencies for small businesses in the market. Some agencies specialize in consumer collection, others in the business collection, while some agencies cater to both consumers and businesses. The industry served.

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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. Litton Loan Servicing, LP , 2011 WL 635258, at *4 (N.D.

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Troutman Sanders

AUGUST 2, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Following this announcement, the CFPB will publish a formal notice in the Federal Register withdrawing the April 2021 proposal.

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Troutman Sanders

JUNE 28, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. For more information, click here. On June 25, U.S. For more information, click here. For more information, click here.

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