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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FTC Warns Industry to Have Robust Credit Reporting Policies and Procedures
19 May 2016
Consent Order Compliance: Navigating The CFPB’s Unofficial “Rules” Governing Debt Collection
19 May 2016
Brock & Scott Collections Division Expands Operations and Presence into Michigan
18 May 2016
In Sheriff et al. v. Gillie et al. Supreme Court Provides Insight as to Intent and Purpose of the FDCPA
17 May 2016
Senate Committee to hold Hearing to Examine Effects of 25-Year-Old TCPA on Modern Consumers and Businesses
13 May 2016
U.S. District Court in New York Grants Debt Collector Motion to Certify Important FDCPA Issue for Interlocutory Appeal
13 May 2016
Court Finds Settlement Offers on Time-barred Debts Without Disclosure of the Fact That the Debt is Time-Barred to be FDCPA Violation
12 May 2016
FDCPA Case Law Review for April 2016
11 May 2016
Encore Capital Group Announces First Quarter 2016 Financial Results
11 May 2016
NACS Helps Children & Families
11 May 2016
PRA Group Reports Q12016 Results; Revenue, Income Fall Compared to Same Period in 2015
10 May 2016
Real Time Resolutions, Inc. Announces Acquisition of Assets of Account Outsourcing Group, LLC
10 May 2016
eSign Offers Real-Time Electronic Signatures, Complimentary Webinar Demonstrates How
9 May 2016
Another Court Finds a 1099(c) Disclosure May Be False, Deceptive or Misleading
6 May 2016
Performant Financial Corporation Announces Financial Results for First Quarter
5 May 2016
US District Court in Illinois Finds Disclosure of Potential Tax Consequences for Settling an Account is Misleading to Consumer
3 May 2016
New ProPublica Article Criticizes Debt Collection Litigation on Medical Accounts; Paints One Firm as Outlier
28 April 2016
Consumer Finance Reporters to the Debt Collection Industry: Give us Facts and Data
28 April 2016
White House, ED, and CFPB Announce Major Student Loan Initiative But Don't Address Post-Default Issues
28 April 2016
Portfolio Recovery Associates to Pay $18 Million to Settle TCPA Class Action
27 April 2016