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Collection Industry News
JUNE 14, 2021
Some companies buy old debt, collect what they can on it, and then – instead of canceling the debt, which they are supposed to do – they just sell the list of debtors to another company,” Morrissey said. But like many debtors, debt collection kingpins have been elusive when it comes to paying what they owe.
FDCPA Defense
FEBRUARY 1, 2018
as well as analogous state laws governing the consumer collection process. One line of cases creates a duty to disclose to the debtor that the amount of the debt may be increasing due to accruing interest, fees or other charges. Riexinger & Associates, LLC , 817 F.3d 3d 72 (2d Cir. 2016) and Carlin v. Davidson Fink LLP , 852 F.3d
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Collection Industry News
OCTOBER 6, 2020
Investors didn’t even show much concern when, in early September, the Consumer Financial Protection Bureau sued Encore, saying that it had broken the terms of a consent agreement struck in 2015. The company is currently not seeking new orders to seize debtors’ wages or bank account funds, she said. cents on the dollar for each account.
FDCPA Defense
JANUARY 22, 2017
You will also want to evaluate all third party interactions that your firm engages in, such as contacts with relatives of the debtor, co-workers, interactions with consumer reporting agencies, and the procedures of the vendors that your firm employs, such as process servers. Kovitz Shifrin Nesbit , 2015 WL 74069 (N.D. Falcon , 457 U.S.
Collection Industry News
OCTOBER 3, 2022
Bankruptcy judges are technically authorized under Article I, which governs the legislative branch and authorizes the establishment of a uniform system of federal bankruptcy laws. 1932 (2015) (parties may consent to a bankruptcy court’s jurisdiction); Richer v. 2015) (noting that “implied consent is good enough”).
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