article thumbnail

CFPB Shuts Down Commonwealth Financial Systems for Illegal Debt Collection Practices

Collection Industry News

Commonwealth is a third-party debt collector that specializes in the collection of past-due medical debts and furnishes information about consumer collection accounts to consumer reporting companies. Along with the U.S. Department of Health and Human Services and the U.S.

article thumbnail

Eleventh Circuit Holds Transmitting Consumer Information to Third Parties Exposes Debt Collectors to Liability under the FDCPA

Burr Forman

While the underlying facts of Hunstein involve a third-party dunning letter, it isn’t hard to extrapolate the reasoning behind the court’s opinion to potentially apply to any number of scenarios. For instance, can an owner of a mortgage loan communicate with the servicer of the loan?