Troutman Sanders

SEPTEMBER 8, 2023

Mountain America Federal Credit Union , the plaintiff became delinquent on a credit card account with her credit union. The credit union then assigned the debt to a third-party collection agency. In Hansen v. A copy of the order is available here.

Original Creditor 59

Original Creditor Collection Agencies Collections Agency Credit Unions 59

Troutman Sanders

JANUARY 6, 2023

15, 2022, the Federal Financial Institutions Examination Council’s (FFIEC) Task Force on Consumer Compliance adopted revised examination procedures for the Fair Debt Collection Practices Act (FDCPA) and its implementing regulation, Regulation F. A copy of the revised procedures can be accessed by clicking here. FFIEC is a U.S.

Fair Debt Collection 52

Fair Debt Collection Financial Institution Credit Unions Credit Unions 52

Account Recovery

MARCH 14, 2023

The California Court of Appeals has upheld a lower court’s ruling awarding $30,450 in attorney’s fees to the lawyers representing a plaintiff in a Rosenthal Fair Debt Collection Practices Act case — which was about $68,000 less than the plaintiff was seeking.

Fair Debt Collection 130

Fair Debt Collection Lawyers Collections Credit Unions 130

Collection Industry News

AUGUST 18, 2020

“We respectfully recommend the Bureau continue to rely solely on its Fair Debt Collection Practices Act (FDCPA) authority when promulgating rules governing the practice of debt collection,” the letter reads.

Collections 75

Collections Debt collector Credit Unions Credit Unions 75

Troutman Sanders

AUGUST 19, 2020

The DCLA exempts banks and credit unions from the licensure requirement while authorizing DBO to bring enforcement actions against such entities for violating existing fair debt collection laws to which they are already subject.

Credit Unions 59

Credit Unions Credit Unions Collections Fair Debt Collection 59

Collection Industry News

MAY 18, 2021

The borrowers most impacted by the consequences of this provision will be low- and moderate-income borrowers whose financial well-being could benefit the most from access to affordable credit from a credit union.”. In March of 2019, SCOTUS unanimously held in Obduskey V.

Lender 40

Lender Foreclosure Collections Debt collector 40

Credit Corp

AUGUST 24, 2020

In addition to requesting a written validation notice from the collector, verify with your state attorney general’s office or the Better Business Bureau that the collection agency is legitimate. The Fair Debt Collection Practices Act (FDCPA) provides protection for consumers. Know Your Rights. Postdated Check.

Collections 90

Collections Debt collector Collection Agencies Collections Agency 90