Debt collection refers to the work done to recover balances from credit accounts that are past due. Most commonly, debt collection specifically references third party debt collectors whose clients include banks, credit card issuers and other credit grantors, debt buyers, governments, and any organization that extends credit or owns an account where a balance is due. Collection methods traditionally include phone calls from call center agents, e-mails, and letters, and increasingly, SMS text. If an account remains in arrears after these efforts, the collection agency may contract with a collection attorney to file suit to recover the debt, if the collection agency is not positioned to do so.
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Chairwoman Maxine Waters Urges Biden to Rescind the CFPB's Debt Collection Rule
7 December 2020
Washington's Work From Home Rule Set for Final Hearing in January
3 December 2020
Best Practices for ARM Payment Providers in 2021 (sponsored)
1 December 2020
Has the Definition of Consumer Changed? Insight from Research Assistant
24 November 2020
9th Cir. Holds Mere Reliance on Contract Provision Not Enough for FDCPA ‘Bona Fide Error’ Defense
19 November 2020
Here We Go Again: Renewed COVID-19 Restrictions for Collection Agencies in Washington
18 November 2020
Breaking Down the 7-in-7 Rule and a Discussion About D/B/As from Compliance Weekly
17 November 2020
Afni Settles with CFPB Over Credit Reporting Practices
16 November 2020
Now that the Debt Collection Rule is Final – How are You Changing Your Communication Strategy? And should you? (sponsored)
16 November 2020
E.D.N.Y. Judge Warns Frequent-Filer Plaintiffs' Firm: Continue Filing Frivolous Cases Like This and You'll Get Sanctioned
10 November 2020
Four Things That the CFPB's Final Debt Collection Rule Got Right
8 November 2020
The Puzzle Box That is the Validation Notice Provision in the CFPB's New Rules
5 November 2020
The CFPB's Final Debt Collection Rule: Impacts on Creditors
4 November 2020
CFPB Advisory Opinions: Hope for Debt Collectors or a Pipe Dream?
3 November 2020
CFPB Final Debt Collection Rule v. NPRM: What Made the Final Cut?
2 November 2020
CFPB Debt Collection Rule Released: How Did the Cookie Crumble on Hot Industry Topics?
30 October 2020
Court Holds Counterclaim Seeking to Recover Debt in TCPA Suit May Proceed
29 October 2020
A Review of Supreme Court Justice Amy Coney Barrett's Prior FDCPA Court Decisions
27 October 2020
Debt Collection Should be on Congress' Mind, Congressional Research Service Suggests
26 October 2020
Mass. AG Moves to Dismiss ACA Lawsuit on Collection Call Ban for Mootness
26 October 2020