A report released Thursday by the National Consumer Law Center (NCLC) urges the CFPB to prohibit debt collectors from attempting to seek payment on accounts that are beyond the statute of limitations. It’s a reiteration of recommendations the group made in response to the CFPB’s advance notice of proposed rulemaking (ANPR) for debt collection last year.
Collection agencies and debt buyers continue to be inundated with FDCPA and TCPA lawsuits, many of which drag on through months and even years of expensive discovery and motion practice. What if there existed a single argument that could be made in many consumer cases that would successfully remove the matter from Court and likely end the case in its entirety?
How much is my business worth? This seemingly simple, straight-forward question has vastly different answers depending on whom or why you’re asking
Intrum Justitia, one of the largest debt buyers and collectors in Europe, reported strong results for the full year 2014 marked by overall company growth, both organic and through acquisitions.
DBA International is hosting a one-day comprehensive symposium on New York State’s rapidly evolving rules and regulations for the collection of debt in the Empire State. Hear directly from the representatives from the New York State Department of Financial Services (DFS) and New York State Office of Court Administration (OCA) as they discuss, take audience questions, and provide guidance on their new regulations and court rules which will take full effect in 2015.
To get more right party contacts (RPCs), collection agencies need to have the best data. The promise of “having the best data” is easy to say, but hard for most vendors to deliver. So how do you test your vendors to determine who really does have the best data?
In its first full year of taking and publishing consumer complaints about debt collection, the Consumer Financial Protection Bureau (CFPB) made public just over 39,000 grievances logged against collection agencies, debt buyers, and creditors for actions taken in the debt recovery process.
A bill introduced in the Minnesota Senate would explicitly add to the definition of “collection agency” and “collector” language that includes debt buyers. This would force debt buyers to get licensed as collectors in the state.
Delta Outsource Group, Inc., a leader in the account receivables management industry has appointed current Chief Operating Officer Nick Jarman as President. Mr. Jarman will continue in his role as the companies COO as well. Mr. Jarman, one of the company’s founders has served in the role of COO since Delta Outsource Group, Inc. started […]
In 2014, there were 9,720 lawsuits filed in federal courts claiming violations of the Fair Debt Collection Practices Act (FDCPA), a decline of 5.7 percent from 2013. It was the third straight year of significant declines in consumer FDCPA case filings.