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

Credit Corp

Knowing illegal debt collection practices can help identify when you’re being treated unfairly. 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.

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Does Paying Off Collections Improve Your Credit Score?

Credit Corp

When you default on a payment, the company you owe may sell your debt to a third-party collection agency. When this happens, it means your debt has gone to collections and debt collectors from the collection agency will now try to contact you for payment. How Does Collections Debt Affect Your Credit Score?

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FCC Issues Notice of Proposed Rulemaking on TCPA Exemptions

Troutman Sanders

For debt collectors, the most notable exemption in the NPRM is allowing commercial calls made to a residence that do not involve telemarketing and use an artificial or pre-recorded voice. The FCC is proposing to create two categories of calls – informational calls and transactional calls.

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Debt Collection and Estates: District of New Jersey Court Grants in Part and Denies in Part Defendant’s Motion to Dismiss FDCPA Case

Troutman Sanders

Greenspoon Marder LLP , Judge Vazquez of the District Court for the District of New Jersey granted the defendant’s motion to dismiss the plaintiff’s Fair Debt Collection Practices Act (FDCPA) claim in part and dismissed it in part. ” The court analyzed each of the plaintiff’s contentions in turn.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On December 15, the Securities and Exchange Commission (SEC) denied Coinbase’s Petition for Rulemaking, which was submitted to the SEC on July 20, 2022, as “currently unwarranted.” On December 13, by a vote of 4-1, the Federal Communications Commission (FCC) adopted new rules aimed at “closing the ‘lead generator’ robocall/robotexts loophole.”