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How New York State’s 2024 Plan Will Affect Debt Collection

FFGN COLLECT NY

Hochul made it clear that the state will assist consumers in New York by adding greater consumer protections—a plan that will affect creditors and debtors alike. 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.

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Dealing with Debt Collectors

Debt Free Colorado

What can debtor collectors do to you under the FDCPA: Contact other people to find out where you live, your current telephone number, or where you work, but they can’t contact anyone more than once or tell anyone you owe a debt. The CFDCPA does not apply to anyone who collects their debts or government personnel in the United States.

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How New York State’s 2024 Plan Will Affect Debt Collection

Collection Industry News

Hochul made it clear that the state will assist consumers in New York by adding greater consumer protections—a plan that will affect creditors and debtors alike. 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.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On November 6, the Bank of England, Financial Conduct Authority, and Prudential Regulation Authority issued guidance explaining how current and proposed regulatory regimes governing “e-money, stablecoins, and tokenised bank deposits” will interact, indicating that applicable financial institutions will be subject to dual or triple regulation.

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You’re in Debt: 9 Terms to Know

The Kaplan Group

You can learn more about FDCPA in our advice to consumer debtors. Credit Counselor. A credit counselor is certified and trained in consumer credit, money and debt management, and budgeting. However, certain debts owed to the government may also result in garnishment, even without a judgment.

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Meeting Debt Collection Challenges Amid a Squeeze on Income

Fico Collections

Prior to the 2008 global financial crisis, the average RtFG of consumer credit customers having reached charge-off was 2.5 Implemented specific segmentation and treatment strategies for debtors. These challenges will have a significant impact on debtor's ability to pay back what they owe.

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Bankruptcy Court Sanctions Hospital for Proof of Claim Snafu

Consumer Financial Services Law

A recent decision from a North Carolina Bankruptcy Court emphasizes the need for proper training for those who file proofs of claim on behalf of anyone providing consumer credit, including healthcare providers. Moreover, a number of the proofs of claim also may have contained protected health information. 14-02379-5-SWH (Bankr.