Troutman Sanders

NOVEMBER 13, 2023

On November 3, Colorado State Attorney General Phil Weiser announced that state regulators reached an agreement with a Florida-based debt management company over violations of the Colorado Debt Management Services Act.

Financial services 52

Financial services Manufacturing Debt Management Debtor 52

Fico Collections

SEPTEMBER 19, 2022

These rules require the debt collectors and recoveries staff to—if non-complaint—make significant changes on how and when they can communicate with debtors. Here are some highlights: The 7-in-7 rule: Regulation F stipulates that there may be no more than seven calls made by a debt collector to a consumer in a span of seven days.

Collections 52

Collections Debt collector Financial Institution Banks 52

Fico Collections

JANUARY 26, 2022

And while the number of debts actively being collected will likely rise, the ability for consumers to pay those debts may not rise as fast. An approach that treats all debts and debtors the same, will not be as successful because there will be a significant number of consumers who owe money and have no ability to repay their debt.

Collections 52

Collections Student loans Student Loans Government 52