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Debt Free Colorado
FEBRUARY 21, 2022
In this article we will answer the question: What can debt collectors do to you? Does Colorado Law Protect Me From Debt Collectors? When collecting a debt from you, collection agencies must adhere to federal and state rules. Fortunately, the federal Fair Debt Collection Practices Act (FDCPA) protects all states.
Collection Industry News
MARCH 19, 2024
“Growing debt balances, stubborn interest rates and elevated prices are still a thorn for consumers, and contribute to their overall financial stability,” explains TrueAccord CEO Mark Ravanesi in his Q4 Industry Insights: Cautious Optimism with a Side of Holiday Hangover.
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FFGN COLLECT NY
JANUARY 10, 2024
Buy now, pay later services act as a lender of sorts and are currently not licensed by the state. The government will look to stop these exploitative tactics and more. Medical Debt Medical debt was another topic addressed in the State of the State address. Over 700,000 New Yorkers have medical debt.
Collection Industry News
MARCH 17, 2024
Buy now, pay later services act as a lender of sorts and are currently not licensed by the state. The governor said: Plans to Outlaw Unfair and Abusive Collection Tactics Concerned with predatory business practices bilking people out of their hard-earned money, the government will focus on looking for bad actors.
Collection Industry News
MAY 18, 2021
While consumer groups praised the bill for its recourse for consumers harassed by debt collectors, CUNA and NAFCU saw the bill as complicating the legal relationship between consumers, members and lenders. Maxine Waters (D-Calif.), passed the House with a 215-207 vote.
Troutman Sanders
MAY 26, 2021
On March 18, the West Virginia legislature passed Senate Bill 5 , amending the West Virginia Consumer Credit and Protection Act (WVCCPA). The amendments provide more clarity to creditors and debt collectors, as well as tools to avoid litigation. The amendments also affect pre-suit notice procedures under the WVCCPA.
Troutman Sanders
MAY 2, 2023
The proposed rule would require lenders to assess a borrower’s ability to repay a PACE loan, as well as provide a framework for how these loans will be treated under the Truth in Lending Act. Senate Committee on Banking held a full committee hearing, titled “Oversight of the Credit Reporting Agencies.” Government Money Market Fund.”
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