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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Why Collections RPCs Keep Dropping and What to Do About It (sponsored)
22 May 2019
CFPB Sues Yet Another Collection Firm for Lack of Meaningful Attorney Involvement Despite Promises to End Regulation by Enforcement
21 May 2019
Seventh Circuit Affirms Slashing of Prevailing Plaintiff's $187k Attorney Fee Award to Under $11k for Rejecting Meaningful Settlement Offers
20 May 2019
Two Recent Developments on the Discovery Rule and the FDCPA: Second Circuit Says Discovery Rule Doesn't Apply, U.S. Supreme Court Agrees to Review the Issue
15 May 2019
Why Creditors and Servicers Should Care About the CFPB’s Proposed Debt Collection Rules
14 May 2019
Agency, Outside Counsel, and Vendor Perspectives on the CFPB’s Proposed Rules
13 May 2019
The NPRM’s New Validation Notice: Breakdown of the Validation Period, Check Boxes, and Itemization of Debt
8 May 2019
CFPB Releases NPRM for Debt Collection; Includes Extensive Detail for Electronic Communication, 7 Call Attempt Limit, and New Requirements for Validation Notice
7 May 2019
Breakdown of Four New Requirements for Collecting Medical Debt in the State of Washington
1 May 2019
Validation Notice Lawsuits: Overlooked Ruling from Third Circuit Proves Debt Collectors are Right! (Podcast)
1 May 2019
New York Judge Questions Actions and Motivations of Plaintiff’s Counsel, Order to Show Cause Issued for Sanctions
30 April 2019
NYDFS Launches New "Powerhouse" Consumer Protection and Enforcement Division
30 April 2019
Release of Debt Collection Rules Speculated to Coincide with CFPB’s Town Hall in Philadelphia Next Week
29 April 2019
When a Collector Talks to a Bot: How to Solve for Time-Wasting Apps
25 April 2019
Court Compels Lexington Law to Produce Client Communications Related to Generating Credit Dispute Letters
23 April 2019
Why Digital Collections Is the Future
18 April 2019
CFPB Rules to Contain Call Caps, Allow Digital Communication Channels, Says Kraninger
18 April 2019
Why Every Lawyer And Client Should Be Fighting To Stop The “Meaningful Attorney Involvement” Doctrine From Spreading
17 April 2019
5 E-Sign Myths Dispelled – Must-Know Requirements for a Paperless, Stamp-Free Collections Process
16 April 2019
BCA Financial Services, Inc. Celebrates 75th Anniversary
16 April 2019