Credit Corp

DECEMBER 12, 2022

Fortunately, the government has made changes in some of the rules regarding medical debt. Understanding your rights and how to deal with medical debt collectors can help reduce the number of unwanted calls you receive. No matter how big or small your medical debt is, it can impact your finances. Know Your Rights.

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Taurus Collect

FEBRUARY 1, 2024

A debt collector might sound like a character from a Charles Dickens novel, but if you’ve been contacted by one, you know they’re very much a reality of modern financial life. So, what exactly is a debt collector? What Is a Debt Collector? Why Are They Contacting Me?

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TCPA

MAY 10, 2021

For nearly five years, the TCPA explicitly excluded from liability calls made to collect government-backed debt. Naturally, government debt collectors relied on this exception and called debtors without fear of TCPA liability. In 2020, the Supreme Court ruled that this … Continue reading →

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Sawin & Shea

JUNE 9, 2021

Whether you have missed a single payment somewhere along the line or are delinquent on several payments, the last thing you want is to be harassed by debt collectors. The FTC (Federal Trade Commission) is an arm of the United States government that enforces consumer protection and antitrust laws. Call before 8:00 a.m.

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Taurus Collect

NOVEMBER 15, 2023

Experiencing a constant barrage of calls from debt collectors can be overwhelming, to say the least. Many wonder, “How many times can a debt collector call me in one day?” In this post, we will explore the rights and regulations governing debt collection in the UK. or after 9 p.m.,

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Taurus Collect

SEPTEMBER 15, 2022

However, the Financial Conduct Authority (FCA) has set specific rules and guidelines regarding how Debt Collection Agencies should operate and the policies they must follow to support vulnerable customers. Below are five typical tactics debt collectors are forbidden to practice while collecting debts. Publicly Shame You.

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Credit Corp

JUNE 3, 2021

Can debt collectors take money from your bank account to offset debts you owe them? Accounts containing government benefits. Accounts that hold government benefit payments , such as those that come from Social Security, also have some special protections when it comes to collections.

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Account Recovery

JANUARY 13, 2022

The Governor of California has earmarked more than $11 million of the budget for the state’s Department of Financial Protection & Innovation to “protect consumers and ensure transparency of the debt collector industry through strong government oversight and data collection.”

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Account Recovery

DECEMBER 2, 2021

When the Consumer Financial Protection Bureau issued its proposed debt collection rule back in May 2019, there were a rash of headlines in the mainstream media warning consumers that debt collectors were going to start messaging them on Facebook and other social media platforms.

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Account Recovery

FEBRUARY 18, 2021

Much has been written about how changes at the top of the Consumer Financial Protection Bureau are going to impact the accounts receivable management industry, but there are two other government regulators that also police debt collectors — the Federal Communications Commission and the Federal Trade Commission.

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Direct Recovery

JUNE 7, 2022

Because of that, changes have been made to update the rules and regulations that govern those collection efforts and how they impact consumers. Those updated rules went into effect in the fall of 2021, so collectors operating in 2022 must understand them inside and out. The post Can Debt Collectors Make Contact Through Social Media?

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UK debt collections

FEBRUARY 7, 2022

The government has announced a list of new measures to curb excessive car parking fines including a cap on the fees that parking debt collection agencies charge. It is said that Millions of motorists are set to benefit from a major government crackdown on rogue parking firms.

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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

MAY 18, 2021

Andrew Cuomo will bar debt collectors from accessing stimulus funds in bank accounts, a measure that had been sought by consumer groups. This legislation ensures families are able to use this safety-net funding as it was originally intended, to provide for families basic needs and away from the hands of debt collectors.”.

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Collection Industry News

FEBRUARY 1, 2023

This decline, as well as insights from CFPB market monitoring, suggests that debt collectors are moving away from reporting (or furnishing) medical bills to credit reporting companies, resulting in fewer medical tradelines on consumer credit reports.

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Troutman Sanders

SEPTEMBER 10, 2021

Specifically, the Sixth Circuit found that the government-backed debt exemption — added to the TCPA in 2015 and later struck down by the Supreme Court — was severable from the statute, and the statute did not implicate unfair restrictions on free speech. The Supreme Court struck down this provision in the much-anticipated Barr v.

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Debt Recoveries

JUNE 11, 2023

Several rules and regulations, including the Privacy Act of 1988, the Australian Consumer Law (ACL), and the Australian Securities and Investments Commision (ASIC) Act of 2001, govern credit control in Australia. Please contact us at email@debtrecoveries.com.au or 1300 799 511.

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Collection Industry News

AUGUST 11, 2020

Reforms that address police violence against communities of color won’t be effective unless we reduce governments’ over-reliance on revenue from fines and court fees for minor offenses. But when governments rely on those revenues, people of color end up funding the police forces that routinely terrorize them.

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Burr Forman

JUNE 15, 2021

In Cortez, the Second Circuit reiterated that there are two safe harbors from liability under Section 1692e for failing to make an interest disclosure in an attempt to collect a debt that describes the balance due.

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Collection Industry News

MAY 3, 2021

Consumer groups are applauding a bill that is meant to keep debt collectors from garnishing the stimulus payments and other direct aid approved by the federal government to offset the financial strain created by the pandemic. Source: site. The measure , given final approval this week in the state Legislature, will head to Gov.

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Collection Industry News

MAY 11, 2021

Miller, a Kenmore debt collector, is under investigation by federal Homeland Security Investigations agents for alleged wire fraud in connection with unlawful debt collecting. A Kenmore debt collector may have ended up hounding the wrong guy for a debt his mother allegedly owed. Provided by Mark M.

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Collection Industry News

MAY 11, 2021

Recently, the California Department of Financial Protection and Innovation (DFPI) issued a notice of proposed rulemaking (NPRM) to adopt new requirements for debt collectors seeking to obtain a license to operate in the state. Source: site.

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Collection Industry News

AUGUST 11, 2020

American Association of Political Consultants , petitioners argued that the government debt collection exemption to the TCPA’s Automatic Telephone Dialing System (ATDS) provision violated the First Amendment by impermissibly favoring government speech. In Barr v. Why Was this Potentially a Big Deal?

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Collection Industry News

JUNE 14, 2021

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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Collection Industry News

JUNE 14, 2021

In 2018, Homeland Security Investigations agents got a search warrant and seized $242,088 from Nocera’s business and personal bank accounts, after convincing a judge there was probable cause to believe the funds were derived from unlawful debt collecting and wire fraud. Nocera is fighting in court to get his money returned, Greenman said.

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Credits Inc

MAY 17, 2019

In September 2018, consumer debt in the U.S. trillion, while the public debt is a whopping $16.5 A growing concern for the government is the steady increase of the U.S. public debt. As a result, across the country, government agencies are hiring private debt collection and recovery services to retrieve unpaid debt.

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American Profit Recovery

JUNE 28, 2023

Everything from enhanced technology, a better understanding of the career opportunities in the collection industry as well as forward progress in the collaboration between industry leaders and government at all levels. Compassion in debt collections Professional debt collectors need to exhibit compassion when communicating with consumers.

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Nexa Collect

JANUARY 19, 2022

A debt collector has several ways to find your latest address, phone number, and employer information. If you do not dispute the debt within 30 days of the first contact made to you (through phone or letter or other permissible means), the debt is considered valid, and the debt collector can continue to contact you.

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Collection Industry News

APRIL 21, 2021

The consent order imposes an $860,000 judgment and a permanent ban from any debt collection activities along with other requirements. The debt collector allegedly sent consumers “litigation notices” that falsely represented that consumers would be sued if they did not pay the debt amount on the notices.

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Collection Industry News

JANUARY 19, 2021

Yet the federal government’s Paycheck Protection Program last year also gave the company a helping hand: It provided $2.4 Those were just two of more than 1,800 loans that went to debt collectors and high-interest lenders through the Paycheck Protection Program, according to an analysis by The Washington Post.

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BN Lawyers

JUNE 12, 2020

Putting aside issues this article cannot solve (like the undefined term “language preference” and the likely Due Process implications of rushing publication of the Amendments), the Amendments seek to standardize debt collectors’ abilities to note a consumer’s preferred language. 6 RCNY § 62-193(b)(5). See 6 RCNY § 5-77(d)(19).

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Nexa Collect

JUNE 10, 2023

By using machine learning algorithms, AI can predict the likelihood of a debtor repaying the debt, allowing collection agencies to prioritize their efforts and allocate resources more effectively. Lowering Collection Costs: Human debt collectors take a significant percentage of all money recovered by them.

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American Profit Recovery

FEBRUARY 9, 2023

What type of training do you provide your commercial debt collectors? You’ll want to know that the commercial collection agency you choose provides ongoing and professional training for their debt collection staff and their customer service professionals.

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Collection Industry News

APRIL 12, 2021

Many points need to be considered before opting and selecting for a debt collection agency. These agencies should be in sync with state or central or federal government norms of the respective country. Secondly, a debt collection agency should have enough experience in dental debt collection.

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FFGN COLLECT NY

MAY 8, 2024

The bank violated state laws preventing banks from freezing accounts with certain government benefits like Social Security, unemployment, disability payments, and balances up to (as of April 2024) $3,425. Between 2016 and 2022, Pathward wrongfully froze 1,400 bank accounts belonging to New Yorkers.

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UK debt collections

DECEMBER 19, 2023

A Welsh MP, Labour’s Jack Sargeant has led a debate in the Welsh Parliament calling for greater regulation of debt collectors in Wales. The Alyn and Deeside MS brought forward the proposal after The Times exposed British Gas debt collectors joking as they forced their way into the homes of vulnerable customers.

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UK debt collections

DECEMBER 19, 2023

A Welsh MP, Labour’s Jack Sargeant has led a debate in the Welsh Parliament calling for greater regulation of debt collectors in Wales. The Alyn and Deeside MS brought forward the proposal after The Times exposed British Gas debt collectors joking as they forced their way into the homes of vulnerable customers.

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