Collection Industry News

OCTOBER 18, 2021

The session will feature a discussion of the Consumer Financial Protection Bureau’s debt collection rule, the Maryland Consumer Debt Collection Act, medical debt collection, debt buying, consumer privacy and data security, the State Examination System and the use of technology to improve operations and compliance.

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Collection Industry News

DECEMBER 19, 2023

Enforcement Action Under the Consumer Financial Protection Act, the CFPB has the authority to take action against entities violating consumer financial protection laws, including the Fair Credit Reporting Act and Fair Debt Collection Practices Act.

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Collection Industry News

MAY 3, 2021

The seven-member committee will provide critical feedback to the DFPI as it creates its debt collection licensing program. The diverse group includes a consumer advocate and representatives from the debt collection, debt buying, third-party collection, and collection law industries, according to a news release from the DFPI.

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Troutman Sanders

OCTOBER 11, 2021

In the information session, “[f]ederal and state regulators and industry thought leaders will discuss the new federal rules for debt collection, the Maryland Consumer Debt Collection Act, medical debt collection, debt buying, consumer privacy and data security, the State Examination System, the use of technology to improve operations and compliance.”

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Troutman Sanders

JUNE 21, 2023

On June 19, France’s independent financial market regulator Autorite Des Marches Financiers (which translates to “Financial Markets Authority) (AMF) released a white paper titled, “Decentralised Finance (DeFi), Trading Protocols, and Governance Issues: Overview, Observed Trends, and Regulatory Discussion Points,” which discussed various components (..)

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Collection Industry News

OCTOBER 6, 2020

Finding themselves with enough money to settle old debts, people responded to collectors’ calls and letters. Debt-buying executives couldn’t help marveling at their good fortune. Even that scenario turns out to be rosy for the debt buyers. That doesn’t happen when the money goes to debt collectors.

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