Consumer Financial Services Law

MARCH 27, 2018

5082, officially known as the “Practice of Law Technical Clarification Act of 2018,” to the full House of Representatives. Dunn The House Financial Services Committee voted 35-25 on March 21, 2018 to advance H.R.

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Public Citizen

DECEMBER 16, 2021

From a Federal Trade Commission press release : A group of phantom debt collectors will be permanently banned from the debt collection industry and required to surrender the contents of numerous bank and investment accounts under the terms of a settlement  with the Federal Trade Commission.

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Debt Free Colorado

APRIL 1, 2021

That said, let me walk you through all the elements of this particular email that tip it off as a scam: From: Sherrill Green <SherrillGreen@outlook.com> Wait, the prestigious “Webster Law Firm” doesn’t have it’s own domain and you’re using a generic outlook.com account? Attorney at Law?

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The McHughes Law Firm

APRIL 30, 2020

By Phone (If The Firm Remains Open For Employees): You may call (501) 376-9131 and tell the receptionist you wish to make a payment. To have someone else make a payment for you, you must give verbal or written permission to the McHughes Law Firm, PLLC that the designated person has your permission to obtain your account information.

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Turbo Recovery

NOVEMBER 20, 2018

When you struggle to collect outstanding debts, you are putting a bandage over an issue that needs professional treatment. An experienced debt recovery agency and law firm can diagnose the problems in your collections process and offer a solution for your outstanding debt. “We first appeared on Point Law.

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Troutman Sanders

FEBRUARY 1, 2022

District Court for the Southern District of California, granting summary judgment in favor of a debt collector in a Fair Debt Collections Practices Act (FDCPA) case. In doing so, it held that a collection letter, which indicated that the debtor could only dispute the underlying debt in writing, violated the FDCPA.

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Troutman Sanders

NOVEMBER 16, 2023

That same day, the landlord responded to the plaintiff via email informing her that her case was with the defendant collection firm who was copied on the email. The plaintiff then sent an email to the defendant’s collection law firm stating: “[p]lease add to case file thank you.”

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Collection Industry News

DECEMBER 21, 2020

Last week, the CFPB issued a Consent Order against a New Jersey based debt-collection agency (Agency) over allegations that the Agency regularly violated the FDCPA and the CFPA in the course of their collection activity.

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Collection Industry News

OCTOBER 12, 2020

“The CFPB is actively working to protect consumers from illegal actions of debt collectors,” CFPB Director Kathleen L. We will continue to monitor the financial marketplace, as well as consumer complaints received, in order to ensure that we identify and take action against debt collectors who are violating the law.”.

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Turbo Recovery

JANUARY 17, 2017

Whether this is a one-time issue or an ongoing occurrence, you need to be aware of how to handle these situations and when it’s time to place your uncollected debt with our professional debt collection agency and law firm. Why Does My Business Need a Debt Collection Agency / Law Firm?

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Consumer Financial Services Law

JANUARY 23, 2017

The CFPB recently issued its third consent order involving a debt collection law firm and appears to be expanding its interpretation of “meaningful involvement”. The consent order requires the firms to pay $$577,135 in restitution to consumers, engage in remediation of their business practices, and pay a $78,800 civil penalty.

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Consumer Financial Services Law

APRIL 16, 2018

Guynn defaulted on his Bank of America credit card in 2013, and in 2016 the account was referred to a law firm for collection. As an affirmative defense, the law firm asserted bona fide error. Pre-Suit Review Prior to filing suit, the law firm employed a checklist to ensure that all FDCPA requirements had been met.

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FFGN COLLECT NY

DECEMBER 15, 2021

If the individual owner or tenant owes the receivable and you seek payment from the individual through a debt collector , the CFPB will have a watchful eye. The CFPB is a federal agency designed to ensure that financial companies including debt collectors treat all consumers fairly. Use obscene or profane language.

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Troutman Sanders

SEPTEMBER 7, 2023

The Seventh Circuit Court of Appeals recently affirmed a district court’s dismissal of a suit holding that the plaintiff had not suffered a concrete injury, and therefore, lacked standing to assert a claim under the Fair Debt Collections Practices Act (FDCPA). Kohn Law Firm, S.C. The bank sold the debt to the defendant creditor.

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Troutman Sanders

MARCH 4, 2024

State Activities: On February 28, New York AG Letitia James (D) announced that her office secured more than $650,000 from a debt collection law firm and its subsidiary for filing allegedly frivolous lawsuits and “harming … New Yorkers.” s Municipal Regulations. regulations allow utilities 10 business days.

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Credit Corp

MARCH 6, 2023

[ Disclosure: Lexington Law Firm advertises on Credit.com and Credit.com may receive compensation if you sign up for credit repair services with Lexington Law Firm.] Say Goodbye to Debt Collectors Calls from debt collectors can be annoying at best.

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FDCPA Defense

AUGUST 19, 2013

291 (1995), lawyers have known that if they seek to collect consumer debts for clients – even when doing so through litigation – they might qualify as a "debt collector" under the Fair Debt Collection Practices Act, 15 U.S.C. Other factors also weigh against a finding that Wadas is a "debt collector."

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Troutman Sanders

JUNE 28, 2022

The creditor referred the account to a law firm, which served the consumer with a collection suit and obtained a default judgment for the balance. The law firm sent four post-judgment collection letters, demanding the $4,225.74 The consumer filed suit against the law firm that sent the collection letters in the U.S.

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Account Recovery

APRIL 2, 2021

The Court of Appeals for the Fifth Circuit has upheld a ruling in favor of a credit repair organization that was sued by a debt collector for allegedly perpetrating a fraud by failing to disclose it was sending letters to the collector in its clients names and on their behalves, ruling that the collector did … The post Appeals Court Affirms Ruling (..)

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Collection Industry News

OCTOBER 27, 2020

The post CFPB settles lawsuit filed against debt collectors and debt buyers for alleged violations of CFPA, FDCPA, and 2015 consent order appeared first on Collection Industry News. Article by Alan S.

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Collection Industry News

MAY 30, 2022

Robert McNamara, a senior attorney at the Institute for Justice, a libertarian nonprofit public-interest law firm, said the ruling bolstered arguments on pending cases he has in other courts challenging the licenses for dietitians, counselors and veterinarians. Pavuluri doesn’t see it that way.

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Credit Corp

SEPTEMBER 12, 2023

If you have a lot of inaccurate collection accounts on your report, you might need help from a credit repair firm like Lexington Law Firm. If the debt collector made an error: If you suspect the debt collection agency made a mistake, like if you see a debt you don’t recognize, you’ll need to confirm the debt belongs to you.

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Foster Swift

APRIL 28, 2019

For many, the term “debt collection” calls to mind threatening letters and harassing, late-night phone calls.

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Consumer Finance Watch

SEPTEMBER 16, 2022

Wayne Streibich, Diana M. Eng, and Andrea M.

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PDC Flow

AUGUST 18, 2020

Soon enough, I began representing debt collectors , defending them against consumer litigation and helping them build compliance programs in their nationwide businesses. Since the early 2000s I’ve been representing debt collectors, debt buyers, creditors, and attorneys. It was really by accident.

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Consumer Financial Services Law

FEBRUARY 18, 2019

2013), which joined the Fourth and Fifth Circuits in holding that non-judicial foreclosures are “debt collection” under the FDCPA, the Sixth Circuit held on January 11 that a law firm has an affirmative duty to “stop the clock” on an initiated foreclosure once it receives a §1692g(b) dispute from the debtor. Trott Law, P.C.

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Troutman Sanders

JANUARY 18, 2021

Higgins argued that the collection letter was not misleading, as language in the same paragraph indicated Higgins “is a debt collector” and that, taken together as a whole, it was clear only Higgins was assuming the validity of the debt. The Court found the reasoning in Fariasantos v. Rosenberg & Assocs.,

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FFGN COLLECT NY

JANUARY 13, 2021

As of today, New York does not require licensing for collection agencies or collection law firms. As far as regulations and requirements within New York, the type of debt dictates which rules and regulations apply to debt collectors. Federal, State, and Local Regulations for Consumer Debt.

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Troutman Sanders

JUNE 23, 2021

If payment is not received [Credit Corp] will be sending your account to a law firm to be reviewed by an attorney for possible legal options.”. Lastly, the court noted that the letter included language specifying that “Credit Corp Solutions … is not a law firm and does not employ any attorneys.”

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Consumer Finance Watch

AUGUST 19, 2022

Wayne Streibich, Diana M.

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FDCPA Defense

FEBRUARY 20, 2012

Does the Consumer Financial Protection Bureau (CFPB) have the power to tell debt collectors to turn over their attorney-client privileged communications? Thus, the Bureau effectively believes it can obtain the privileged documents of any debt collector in the country. The answer may depend on who you ask. See Docket No.

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Collection Industry News

SEPTEMBER 8, 2020

Debt collection means requiring debtors to pay creditors outstanding due or overdue amount or property as obligated by a contract or by a decision of a competent State’s authority. In addition to debt collectors operating under Decree No. Debt collection service” is disguised after being banned.

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Better Credit Blog

NOVEMBER 17, 2020

MBA Law Offices isn’t a name you’ve likely encountered outside of your credit report, but they are a legitimate company. Bluhm and Associates, the small debt collection agency/law firm is located in Texas and collects medical debts across the country. How Does MBA Law Offices/Capio Work?

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Troutman Sanders

AUGUST 4, 2020

In a recent decision out of the Middle District of Tennessee, a medical provider’s third-party billing servicer did not qualify as a debt collector under the Fair Debt Collections Practices Act (“FDCPA”) because the debt was not in default when it was placed with the extended billing office.

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Better Credit Blog

APRIL 3, 2022

Portfolio Recovery will buy old debt for pennies on the dollar. By purchasing old debt, Portfolio Recovery becomes the debt collector, gambling that it can collect on the debt and make a profit. When you hear from Portfolio Recovery (or any other debt collector), let the agency know that you know your rights.

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Credit Corp

JANUARY 21, 2021

A collections notice shows up, a debt collector starts calling or you find a negative report on your credit history, but you know you paid the account in question. Find out more about what the law says about your rights when it comes to protecting your credit history. It happens. appeared first on Credit.com.

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Collection Industry News

DECEMBER 21, 2020

Court of Appeals for the Ninth Circuit recently reversed an award of summary judgment in favor of a defendant debt collector against claims that it violated the federal Fair Debt Collection Practices Act (FDCPA) by attempting to collect a debt that was discharged in bankruptcy and no longer owed. 1692d, 1692e, 1692f.

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