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Collection Industry News
MAY 18, 2021
The House Thursday passed legislation making a series of reforms to debt collection requirements. While NAFCU supports efforts to stop abusive debt collection practices, the association had raised concerns about language contained in the bill that would expand the definition of a “debt collector” and increase risks to lenders.
Troutman Sanders
AUGUST 1, 2023
An amendment in the NDAA to update the Fair Debt Collection Practices for Servicemembers Act passed in the Senate by a vote of 95-2. The OAG initially filed the lawsuit in June 2021, and as part of the judgment, between $450,000 and $2.5 The amendment, led by U.S. For more information, click here.
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Collection Industry News
SEPTEMBER 23, 2020
Some key findings from the Pew research include: • Between 1993 and 2013, the number of debt collection cases filed annually more than doubled, from 1.7 million to about 4 million. The dollar value of claims filed annually by debt buyers increased from $6 billion in 1993 to $98 billion in 2013. That is 20 years!
Troutman Sanders
JANUARY 11, 2021
On December 15, 2020, the Seventh Circuit Court of Appeals decided four cases which all dealt with the issue of standing within the context of the Fair Debt Collection Practices Act (“FDCPA”). In Brunett v. Convergent Outsourcing, Inc. Darlene Brunett (“Brunett”) received a letter from Convergent Outsourcing, Inc.
Better Credit Blog
MARCH 2, 2021
If you have a collections account from H&R Accounts on your report, it’s important to get it removed as soon as possible. Read on to learn more about H&R Accounts and how you need to respond to their collection attempts. H&R Accounts is a small debt collections agency headquartered in East Moline, Illinois.
Better Credit Blog
FEBRUARY 4, 2021
Are you concerned about a collections entry from Delivery Financial Services? While falling behind on a payment or two might not seem like a big deal, collections-stage debt can do substantial damage to your credit. Read on to learn more about Delivery Financial Services and how to get them deleted from your report.
Better Credit Blog
FEBRUARY 24, 2021
The guide below breaks down the collections process. What Is First National Collection Bureau? If you’re concerned about First National Collection Bureau’s legitimacy, you can rest assured knowing the agency is valid. First National is a certified collections agency headquartered in Nevada. Foreclosure.
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