category fdcpa Loans Related Topics 
Collection Industry News
JULY 4, 2022
The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion on June 29, 2022, clarifying its view as to the legality under the Fair Debt Collection Practices Act (FDCPA) of “convenience fees” for optional methods of expedited payment not prescribed in the underlying loan documents, such as payment by phone or on the web.
Credit Corp
JUNE 1, 2023
There are many kinds of debts that can be sent to collections, including: Credit card payments Student loans Medical bills Rent payments Utility payments Auto loans Personal loans Tax debt The time it takes the original creditor to transfer your debt to collections varies. How Does Collections Debt Affect Your Credit Score?
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National Service Bureau
APRIL 15, 2015
Per Section 809 of the FDCPA, debt collectors are required to disclose certain information. Payday loan collections was the second worst category with 879 complaints. An unusually high 31% of all payday loan collection complaints related to improper communication tactics.
Troutman Sanders
NOVEMBER 21, 2023
On November 16, the Consumer Financial Protection Bureau (CFPB) published its Fair Debt Collection Practices Act (FDCPA) Annual Report to Congress. The report also recommends that service providers provide market surveillance measures. For more information, click here. For more information, click here. For more information, click here.
Burt and Associates
AUGUST 22, 2019
There is also a problem with Pioneer connected with abuse of federal student loan borrowers. The Fair Debt Collection Practices Act (FDCPA) states that it’s illegal for collectors to intimidate or harass taxpayers. One of the complaints is that Pioneer is failing to protect taxpayers from criminals who pose as IRS agents.
Troutman Sanders
MARCH 8, 2021
Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Currently, any student loan debt canceled by the government can be considered taxable and levied at the borrower’s normal income tax rate.
National Service Bureau
JUNE 10, 2015
Find out the type of clients most typically served and evaluate whether or not you fall into that category. credit card, auto loan, or mortgage debt), medical collections (hospital bills), insurance collections, government collections or telecom and utilities collections (e.g. FDCPA, TCPA, and HIPAA?
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