True Accord

SEPTEMBER 16, 2022

Trying to keep up with regulations in debt collection can feel overwhelming especially with new cases and federal guidance coming out regularly interpreting the law and states actively amending or creating new laws that impact debt collectors, original creditors, and current creditors.

Collections 69

Collections Debt collector Fair Debt Collection Creditors 69

Collection Industry News

APRIL 2, 2024

The claim: It is illegal for collection agencies to buy debt and ‘come after you’ if you send a cease-and-desist letter A March 27 Facebook post (direct link, archive link) offers advice for consumers facing debt collection. “It The $1,000 maximum is also per lawsuit, not per incident as the claim asserts.

Collection Agencies 40

Collection Agencies Collections Agency Creditors Third-party Debt Collectors 40

Collection Industry News

AUGUST 3, 2021

Its members agreed that DFPI research on consumer communications and preferences would be helpful to shape how the consumer advocates and debt collectors can work together. Yudenfreund said the research could include asking consumers about the benefits of resolving their debts to determine what methods will best serve consumers.

Collections 40

Collections Debt collector Financial services Creditors 40