More than $24 million in fines and restitution for alleged illegal debt collection practices has been proposed against a Norfolk, Va., firm by the federal consumer financial protection agency Thursday in what it termed action […]
Charging illegal debt collection practices – including filing “junk lawsuits” – by a New York debt collection firm, the federal consumer financial protection agency said it has reached a settlement that would sharply curtail any […]
A debt collection enterprise based in upstate New York and charged two years ago for lying to and harassing consumers would be required to exit the debt collection market, pay $4 million in civil money […]
A reminder to debt collectors of their obligations when collecting medical debts to comply with federal prohibitions on misrepresentations and unfair practices was issued Thursday by the federal consumer financial protection agency. The Consumer Financial […]
A New York-based debt collection company holding group, and its owners and affiliates, face a lawsuit by the federal consumer financial protection agency for placing consumer debt with collection companies that used “unlawful and deceptive […]
New debt collection rules adopted by the federal consumer financial protection agency went into effect Tuesday, the agency noted in a blog entry laying out five key points to know about the regulation. According to […]
A database debt collectors can tap to help ensure the data they use for communications with consumers passes a regulatory smell test has been published by the Federal Communications Commission, according to an email notice […]
Guidance documents to help institutions understand their compliance requirements under federal rules implementing the Fair Debt Collection Practices Act (FDCPA), in particular, the rule’s validation requirements, have been updated by the Consumer Financial Protection Bureau, […]
A set of “frequently asked questions” (FAQs) that discuss limited-content messages and the call frequency provisions under debt collection rules was published Friday by the federal consumer financial protection agency. The FAQs, according to the […]
Failing to establish or implement reasonable written policies and procedures of the accuracy and integrity of information a debt collection enterprise and its owner furnished to credit reporting agencies has earned an action taken against […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info