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FTC Action Leads to Court Order Halting Phantom Debt Collection Scheme That Took Millions from Consumers and Threatened Consumers’ Credit, Homes, and Employment

Collection Industry News

MAY 15, 2025

Debt collectors working for the schemes operators and their affiliated companies have sent consumers deceptive warning and collection letters or called them directly, claiming that consumers owed a debt of some kind and threatening legal action, wage garnishment, negative impacts to consumers credit, and even arrest if they dont pay.

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Consumer Credit Garnishment Law Firms Collections

Dealing with Debt Collectors

Debt Free Colorado

FEBRUARY 21, 2022

The CFDCPA does not apply to anyone who collects their debts or government personnel in the United States. What is Colorado Uniform Consumer Credit Code (Colorado UCCC). The Uniform Consumer Credit Code (UCCC) is a Colorado state legislation governing how consumer credit is handled.

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

FFGN COLLECT NY

JANUARY 10, 2024

The government will look to stop these exploitative tactics and more. In New York, retirement income from Social Security and other sources are exempt from garnishment. In 2023, Hochul signed laws scrubbing all medical debt from consumer credit reports and prohibited wage garnishments for medical debt and liens on primary residences.

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You’re in Debt: 9 Terms to Know

The Kaplan Group

OCTOBER 19, 2020

Credit Counselor. A credit counselor is certified and trained in consumer credit, money and debt management, and budgeting. Garnishment. Garnishment is when a creditor takes part of your paycheck or money from your bank account to collect money you owe on a judgment. Statute of Limitations.

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Credit Corp

MAY 30, 2023

This is known as wage garnishment. The Consumer Credit Protection Act caps these types of garnishments. Nonwage garnishment. If you’re retired, unemployed, or self-employed, your bank account may be garnished instead. Some states add even more restrictions to the garnishment of bank funds.

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

Collection Industry News

MARCH 17, 2024

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. The government will look to stop these exploitative tactics and more. Over 700,000 New Yorkers have medical debt.

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Federal And State Legislators Introduce Bills Seeking Medical Debt Relief

Collection Industry News

MARCH 2, 2021

Democratic senators have reintroduced legislation to prevent health care providers from actions such as wage garnishment in connection with medical debts. wage garnishment, bank account seizure) during the covered period (i.e. wage garnishment, bank account seizure) during the covered period (i.e. Chris Van Hollen, D-Md.,

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

NOVEMBER 2, 2020

State Activities: On October 30, Virginia Governor Ralph Northam signed House Bill 568, which automatically exempts emergency relief payments, as defined in the bill, from the creditor process, including garnishments and liens. For more information, click here. ” To read more about Cannataci’s annual report, click here.

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Freedom Debt Relief Sued for Misleading Consumers

Debt Free Colorado

NOVEMBER 13, 2017

According to the Consumer Financial Protection Bureau “a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly”, Freedom Debt Relief’s offers actually were too-good-to-be-true. Plans may negatively affect your credit score and ability to obtain credit.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

MARCH 11, 2024

Drawing on expertise from key governmental bodies, the proposed legislation seeks to establish a comprehensive framework for stablecoin governance. If enacted, the bill would, among other things, prohibit medical debts from being reported on consumers’ credit reports.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

NOVEMBER 13, 2023

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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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

APRIL 18, 2022

Federal Activities: On April 14, the Consumer Financial Protection Bureau (CFPB or Bureau) published a report titled, “ Student Loan Borrowers Potentially At-Risk when Payment Suspension Ends.” For more information, click here. On April 7, Colorado Governor Jared Polis signed Senate Bill 86 into law as Chapter 74 of the Laws of 2022.

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A giant US hospital chain says it’s leading the fight against medical debt. Not all patients agree

Collection Industry News

JANUARY 13, 2025

Atrium Health the unit of Advocate Health that operates in the four southern states is run by a local government authority in Charlotte, North Carolina. Until March 2024, Advocate Health used South Carolinas department of revenue to garnish state income tax refunds from patients.

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Senators Urge Biden Admistration To Protect Patients From Medical Debt Collections

Collection Industry News

JUNE 28, 2021

In a letter to the the Consumer Financial Proection Bureau (CFPB), Democratic Sens. recommended a series of actions to protect consumers’ credit scores, provide patients with more information about financial assistance and coverage options, and give them more time to dispute or resolve debts before they are sent to collections. “The

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

MARCH 15, 2021

The American Rescue Plan provides $1,400 direct payments to individuals making up to $75,000 annually, $350 billion in aid to state and local governments, and $14 billion for vaccine distribution. House of Representatives that seeks to amend the Fair Credit Reporting Act to exclude COVID-19-related evictions from consumers’ credit reports.

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FTC Action Leads to Court Order Halting Phantom Debt Collection Scheme That Took Millions from Consumers and Threatened Consumers’ Credit, Homes, and Employment

Dealing with Debt Collectors

Webinars

Trending Sources

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

Webinars

You’re in Debt: 9 Terms to Know

What Is a Judgment?

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

Federal And State Legislators Introduce Bills Seeking Medical Debt Relief

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Freedom Debt Relief Sued for Misleading Consumers

Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

A giant US hospital chain says it’s leading the fight against medical debt. Not all patients agree

Senators Urge Biden Admistration To Protect Patients From Medical Debt Collections

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

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