Debt collector Debt settlement Financial services 
Troutman Sanders
NOVEMBER 1, 2021
LTD Financial Services, L.P. , LTD Financial Services, L.P. , The plaintiff owed a debt of $4,528.59 In Bordeaux v. 2:16-0243 (KSH) (CLW) (D.N.J 2:16-0243 (KSH) (CLW) (D.N.J The District of New Jersey rejected these claims, finding that the letters were not false or misleading.
Consumer Financial Services Law
JANUARY 11, 2017
A New York District Court recently addressed the issue of whether the FDCPA requires passive debt buyers to personally register disputes or whether they can delegate that obligation to their third party debt collector/servicer. Passive debt buyers purchase debt but retain third parties to service and collect the debt.
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Collection Industry News
MARCH 28, 2022
The Department has also begun licensing debt collectors. Proposed registration includes debt settlement services, student debt relief services, postsecondary education financing, and wage-based advances. Research and Market Monitoring. The Office held weekly office hours, open to all who registered.
Troutman Sanders
APRIL 19, 2021
Among other provisions, the bill (1) prevents credit services organizations from discussing a consumer with a credit reporting agency, debt buyer, or debt collector; and (2) prevents credit services organizations from impersonating a consumer when communicating with a credit reporting agency, debt buyer, or debt collector.
Troutman Sanders
JULY 26, 2021
The guidance resulted from concerns that debt collectors would seize the funds. On July 13, state Republican Senator Bob Hackett re-introduced the Financial Accountability and Independence Recovery (FAIR) Act in the Ohio legislature, which would allow debt settlement companies to operate in the state.
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