Collection Industry News
DECEMBER 4, 2022
Almost 2,000 consumers who were conned into paying debts they didn’t owe are in the process of getting their money returned to them. If you’re contacted by a credit collection agency, regardless of whether or not it sounds legitimate, you should request a debt validation letter, McClary said. Keep good records of past debts.
True Accord
MAY 26, 2022
This follows the September 2020 Federal Trade Commission (FTC) initiative “ Operation Corrupt Collector ” to protect consumers. Contacting to Collect Via Social Media. As of November 30, 2021, debt collectors can now contact consumers on social media.
Collection Industry News
OCTOBER 12, 2020
1:20-cv-01217 (W.D.N.Y ), the CFPB and New York Attorney General’s allege that, from at least 2015, the defendant debt collectors used deception, harassment, and other improper methods to induce consumers into making payments to them in violation of the Fair Debt Collection Practices Act (FDCPA) and the Consumer Financial Protection Act (CFPA).
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