True Accord

NOVEMBER 13, 2023

Interestingly, this update contains revisions that are similar to the New York Department of Financial Services (NYDFS) proposed amendments to New York’s debt collection law, 23 NYCRR 1, that NYDFS released last year. This updated amendment changes significantly more than the first proposed amendment released by NYC DCWP last year.

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Better Credit Blog

AUGUST 21, 2020

This means that Radius Global Solutions has acquired your debt from the original creditor and has opened a collection account on your credit report. Originally founded in Minnesota in 1982, Radius Global Solutions collects on behalf of a variety of industries. Collection accounts can be extremely damaging to your credit score.

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Better Credit Blog

AUGUST 22, 2020

CCS Offices is a company that collects debts on behalf of original creditor. They were founded in 1969 in Delaware and make their money by collecting debts on behalf of creditors or by purchasing debts from creditors. Because CCS Offices is not the original creditor, they may not have this information, to begin with.

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Better Credit Blog

JULY 13, 2020

Nationwide Recovery Service is a debt collection agency that collects a variety of debt, including telecommunication, financial service, utilities, and medical bills. They are currently headquartered in Norcross, Georgia, but they were originally founded in 1979 in Texas.

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Consumer Financial Services Law

APRIL 23, 2021

Specifically, using the pronoun “we” in lieu of the identity of the debt collector or the original creditor raises ambiguity about who will “stop collection activities” and to whom the “remaining balance” would still be owed. Landon Van Winkle is an attorney in the firm's Consumer Financial Services Litigation and Compliance group.

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Consumer Financial Services Law

FEBRUARY 17, 2021

c)(2)(i) of the Rule requires the debt collector disclose as part of its validation information the mailing address at which the debt collector accepts disputes and requests for original-creditor information. Section 1006.34(c)(2)(i)

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Consumer Financial Services Law

JANUARY 3, 2018

To comply with the reasoning of Islam , creditors and debt collectors may wish to craft demand letters without the phrase “as of the date of this letter” if the debt will not increase, or to maintain a policy under which charged off debt continues to accrue interest and fees.

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Better Credit Blog

APRIL 1, 2022

They recently acquired Alltran Financial Services in 2020. If you can, try to settle with the original creditor. Transworld Systems, Inc (TSI) is a well-known debt collection agency in the United States that works with individuals, large companies, and organizations to assist them in debt recovery and past due accounts.

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Troutman Sanders

NOVEMBER 16, 2021

For more information, click here. On November 8, New York Governor Kathy Hochul issued a press release after signing legislation addressing robocalls.

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Better Credit Blog

APRIL 1, 2022

Within your lifetime, you may have a period of financial distress. Especially in the current pandemic, COVID 19, medical bills, credit card bills, and other financial service bills may start to pile up.

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Troutman Sanders

MAY 17, 2021

Previously, Khan served as a legal advisor to former FTC Commissioner Rohit Chopra. For more information, click here.

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Better Credit Blog

FEBRUARY 19, 2021

Originally founded in 1983, FMA Alliance serves clients across a variety of industries. The majority of their clientele are within: financial services. When you stop making payments on your bills, your original creditor gets antsy thinking about how they will make up the loss. health care. education industries.

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Better Credit Blog

APRIL 5, 2022

When your original creditor can’t collect your past-due balance, it’ll sell your debt to a debt collection agency which means you now owe the money to the agency. Original Creditor Vs. Collection Agency. Ability Recovery Services. Accelerated Financial Solutions, LLC. Account Resolution Services.

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Consumer Financial Services Law

MAY 25, 2021

Carrying this further, the Rule expressly allows debt collectors to include a vendor’s mailing address if that is an address at which the debt collector accepts disputed and requests for original-creditor information. See Section 1006.34(c)(2)(i) c)(2)(i) and Comment 34(c)(2)(i)-2.

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BN Lawyers

JANUARY 14, 2019

Both the text of the FDCPA and the applicable case law make it clear that Section 1692g does not provide a grace period. A debt collector is free to collect during the thirty-day period as long as it does not overshadow or contradict the consumer’s thirty-day rights.

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FDCPA Defense

MARCH 2, 2014

One method for identifying areas of potential concern, however, is to analyze the recent enforcement actions by the CFPB and other regulators filed against debt buyers and original creditors. Enforcement actions filed against original creditors can also provide guidance to debt buyers and other collectors about areas of CFPB concern.

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Troutman Sanders

MARCH 22, 2023

An Illinois federal district court recently denied a creditor-defendant’s motion for summary judgment in a Fair Credit Reporting Act (FCRA) case brought by a consumer who questioned why his debt was being reported twice — as both a tradeline with the original creditor and as a tradeline with a third-party collection agency.

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Consumer Financial Services Law

MARCH 15, 2019

If you request in writing within 30 days after receiving this notice, this office will provide you with the name and address of the original creditor if different from the current creditor. Thank you for your attention to this matter. Very truly yours, Devara Walton Real Estate Default Team FABRIZIO & BROOK, P.C.

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Consumer Financial Services Law

AUGUST 14, 2017

A recent case out of the District Court for Oregon illustrates the extreme positions being taken by the consumer bar and provides some reassurances to the industry.

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PDC Flow

JANUARY 12, 2021

President, Online Information Services. I think early on in 2021 the challenges will be staff and the flow of accounts from the original creditors. . “I What do you predict will be the top concerns for debt collection in the coming year? Early 2021. “I

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