Remove 2018 11
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Why Buffalo is a hub for illegal debt collectors

Collection Industry News

Ciffa’s offices in Niagara Falls and Kenmore, debt collectors intimidated their victims with illegal threats of arrests and lawsuits. According to federal prosecutors, an elderly cancer patient in Texas was so rattled by the threats that she borrowed $500 from her sister to help pay off a debt of $1,285. Source: site.

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Scam Debt Collection Agency Owner receives lengthy Jail sentence

UK debt collections

A Scam Debt Collection Agency Boss has been sent to prison for 4 years and 10 months. The Dodgy Debt Collector took cash payments from clients to help recover money but did so with no intention of collecting what they were owed. He was originally charged with fraudulent trading and perverting the course of justice in 2018.

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Debt Collectors Are Thriving This Year – And Now They’re Filing Even More Suits

Collection Industry News

It was a great time to be a debt collector. In August, Encore Capital, the largest debt buyer in the country, announced that it had doubled its previous record for earnings in a quarter. In 2018, a Connecticut bill proposed to automatically protect up to $1,000 in a bank account. And you’ve got to think, ‘Why?’

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Sixth Circuit Holds Consumer Has No Standing to Bring FDCPA Claim

Consumer Financial Services Law

Demers & Adams, 2018 U.S. 2018), a letter from a law firm advising the consumer that the creditor would not seek recovery of the deficiency balance resulted in an FDCPA claim. 1692e(11) because it did not disclose the communication was from a debt collector. Hagy at *11. LEXIS 3710, 882 F.3d

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Can a Collection Agency Report to the Credit Bureau Without Notifying You?

Credit Corp

The Fair Debt Collection Practices Act is a federal law that protects consumers against certain unfair collection practices. It applies to only external or third-party debt collectors and only for personal debts. It does not come into play for creditors collecting their own debts. or after 9 p.m.

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Third Circuit Affirms Dismissal of FDCPA Claim Arising from State Court Clerical Error

Troutman Sanders

May a debt collector incur liability under the Fair Debt Collection Practices Act (FDCPA) by seeking to collect a debt under a state court judgment later determined to be void? Not according to the Third Circuit Court of Appeals in a nine-page opinion issued on January 11, 2023 in the case of Barbara Lowe v.

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Tenth Circuit Joins the Fray Regarding Whether Foreclosures Are Debt Collection Activity

Consumer Financial Services Law

With the Tenth Circuit’s decision the circuits remain split with the Ninth Circuit and now the Tenth Circuit holding that non-judicial foreclosures are not debt collection activity and the Fourth, Fifth and Sixth Circuits holding that they are. Wells Fargo, 2018 U.S. Obduskey at *11-12 (internal citations omitted).