Debt Buying Archives - Page 2 of 263

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July 5, 2023 by Orrick, Herrington & Sutcliffe LLP in Compliance

Nevada Expands Collection Agency Licensing Requirements

On June 16, the Nevada governor signed SB 276 (the “Act”) to revise certain provisions relating to debt collection agencies and make amendments to the state’s collection agency licensing law....

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May 30, 2023 by Jeffrey Schreiber in Debt Buying

Why Can’t Courts Agree to The Definition Of Debt Collector?

It’s been 46 years since “debt collector” was defined in the federal Fair Debt Collection Practices FDCPA (FDCPA) so why do courts still disagree with its meaning? One reason may...

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March 15, 2023 by Stefanie H Jackman in Collection Laws and Regulations

New Wyoming Bill Requires Licensure for Debt-Buyers

On February 27, Wyoming Governor Mark Gordon signed into law House Bill 284, which requires debt buyers be licensed as “collection agencies” starting July 1, 2023.The bill was introduced at...

January 3, 2023 in Debt Buying

Credit Eco to Go: Can we Achieve Consistency to the Complex? [Podcast]

https://open.spotify.com/episode/1LhNFM66EzMRoCcUSWRIiR?si=d2cdNVlgSICdxLWL-3ba0Q Show Notes: The ecosystem is a circular environment. There is no beginning or end. In financial services, decisions made in the origination process will impact the life of...

October 20, 2022 by Jacob VanAusdall in Debt Buying

Massachusetts AG Reaches $12 Million Settlement With Consumer Debt Buyer

A consumer debt buyer recently agreed to a $12 million settlement to resolve allegations by the Massachusetts Office of the Attorney General of a variety of allegedly unlawful debt buying...

January 11, 2022 by Missy Meggison in CFPB

CFPB Sues United Holding Group, its Affiliates and Owners; UHG Responds, Denies Allegations

On January 10, 2022, the Consumer Financial Protection Bureau (CFPB) issued a press release announcing it sued United Debt Holding (UDH), JTM Capital Management (JTM), United Holding Group (UHG), along with...

November 11, 2021 in Collection Strategy

Think Differently: How to Prepare for Debt Sales

Bob Deter, VP of Business Development at Crown Asset Management, has been in the industry for a long time. Check out our Think Differently interview with him, where he discusses...

September 7, 2021 by Joann Needleman in Collection Strategy

Credit Eco To Go: Adhering to the Price of Admission

Show Notes:ARM industry start-up, Spring Oaks Capital, set out to do things differently, but it had no idea that it would launch a new company on the cusp of a...

August 18, 2021 by Missy Meggison in Collection Laws and Regulations

Utah District Court Finds Petition Clause Bars FDCPA Suit Brought Against Debt Buyer for Filing Collection Suit Without a License

Over the last several years, debt buyers have been subject to a steady stream of lawsuits (often filed as a class) in Utah wherein consumer attorneys have taken advantage of...

July 21, 2021 in Collection Laws and Regulations

CA DFPI: Debt Collector License Application Due by Dec. 31, 2021

SACRAMENTO, Calif. --The Debt Collector Licensing Act (Fin. Code § 100000 et seq.) (DCLA), which takes effect Jan. 1, 2022, requires any person engaging in the business of debt collection...

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