Account Recovery
MARCH 14, 2023
The National Consumer Law Center has submitted a petition to the Consumer Financial Protection Bureau requesting that original creditors be responsible for furnishing information related to debt collection activity undertaken by third-party debt collectors or debt buyers, and that collectors should be required to review documents like the original (..)
Nerd Wallet
NOVEMBER 16, 2020
Working with third-party debt collectors can be confusing and scary. adults with debt in collections, knowing their legal rights is crucial. The Fair Debt Collection Practices Act covers third-party debt collectors — those who buy a delinquent debt from an original creditor, like a credit card company.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Troutman Sanders
NOVEMBER 16, 2021
The Act amends provisions of New York’s Civil Practice Law and Rules, commonly referred to as the CPLR, and the Judiciary Law to require original creditors and third-party debt collectors to include certain information and documents when filing and prosecuting debt collection actions.
Taurus Collect
JANUARY 2, 2023
In fact, once the lender has hired a debt collection agency, you will make payment directly to the agency instead of the original creditor. A collection account is a debt turned over to a third-party debt collector or a debt collection agency because the borrower has failed to pay it as agreed.
Collection Industry News
MARCH 18, 2023
The NCLC presented several issues for consideration in the FCRA rulemaking process, including that the Bureau should (i) “establish strict requirements to regulate the furnishing of information regarding a debt in collections by third-party debt collectors and debt buyers”; (ii) “require translation of consumer reports by the [CRAs] into the eight (..)
Collection Industry News
DECEMBER 14, 2021
Third party debt collectors must submit supporting affidavits from the original creditor and any prior assignors, with a witness to verify the debt’s chain of title.
Direct Recovery
FEBRUARY 7, 2021
The Type of Creditor Still Matters. One change that isn’t included in the update is any type of protection from original creditors. Remember the Original FDCPA Rights.
Expert insights. Personalized for you.
130 
Let's personalize your content