Taurus Collect

MAY 11, 2023

If you have ever had to deal with credit card debt, you know it can be stressful. Debt collectors call at all hours of the day and pressure is put on borrowers to quickly make payments in full. The process begins when the debtor stops making payments on their credit card and goes into default.

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Credit Card Debt Collections Collection Agencies Collections Agency 52

Debt Free Colorado

FEBRUARY 21, 2022

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. What is the Federal Fair Debt Collection Practices Act (FDCPA)?

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Debt collector Fair Debt Collection Collection Agencies Collections Agency 98

True Accord

APRIL 5, 2023

At the beginning of March, the federal government ended pandemic-era payments for low-income families on the Supplemental Nutrition Assistance Program (SNAP), causing nearly 30 million Americans to lose increased food stamp benefits. consumer credit card debt has increased to nearly $1 trillion.

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Student loans Student Loans Credit Card Debt Loans 93

Katabat

AUGUST 4, 2021

Pandemic’s “Credit Card Debt Paydown Miracle” May be Ending. Lots of people made lots of progress paying down debt and we would not have thought that at the outset of the pandemic,” said Ted Rossman, Senior Industry Analyst at CreditCards.com. 30, 2021 Effective Date for Debt Collection Final Rules.

Debt collector 52

Debt collector Credit Card Debt Fair Debt Collection Collections 52

Katabat

AUGUST 4, 2021

Pandemic’s “Credit Card Debt Paydown Miracle” May be Ending. Lots of people made lots of progress paying down debt and we would not have thought that at the outset of the pandemic,” said Ted Rossman, Senior Industry Analyst at CreditCards.com. 30, 2021 Effective Date for Debt Collection Final Rules.

Debt collector 52

Debt collector Credit Card Debt Fair Debt Collection Collections 52

Collection Industry News

JUNE 1, 2023

Regulatory Changes: The debt collection industry is heavily regulated, and changes in regulations often shape its landscape. Governments and regulatory bodies continually strive to strike a balance between consumer protection and enabling efficient debt recovery.

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Troutman Sanders

DECEMBER 7, 2021

On December 1, the Federal Reserve Board and the CFPB announced the dollar thresholds that determine exemption of certain consumer credit and lease transactions in 2022, from Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing). On November 30, Regulation F of the Fair Debt Collection Practices Act became effective.

Financial services 52

Financial services Debt collector Consumer Credit Credit Card Debt 52