A federal court Thursday was asked to declare as void the 2015 transfer by a former debt collection firm operator of a $1.6 million home to family members and to order the seizure and sale […]
Updates to the small entity compliance guide addressing December revisions to fair debt collection rules were announced in an email Friday by the Consumer Financial Protection Bureau (CFPB). The rules, which implement the Fair Debt […]
Two debt collection rules currently slated to take effect this Nov. 30 would instead have a delayed compliance deadline of Jan. 29, 2022, under a proposal issued Wednesday to give those affected more implementation time […]
Alleged harassment of thousands of consumers and claims of falsely threatening them with legal action has earned an Anaheim, Calif., firm and its owner a permanent ban from the debt collection business, as well as […]
An annual report to Congress by the federal agency charged with consumer financial protection shows that the agency received some 82,700 complaints about first-party and third-party debt collection in 2020, an increase of about 10% […]
A summary of the October 2020 debt collection rule regarding communications between collectors and debtors is provided in a small-entity compliance guide released by the federal consumer financial protection agency Friday. The Consumer Financial Protection […]
Debt collectors must provide, at the outset of collection communications, detailed disclosures about the consumer’s debt and rights in debt collection, along with information to help consumers respond, under a final rule issued Friday by […]
A firm based in Kansas City, Mo., that operates bad-check pretrial diversion programs on behalf of more than 90 district attorneys’ offices throughout the country is being sued by the consumer financial protection agency over […]
A $204,000 civil money penalty was assessed Tuesday against RAB Performance Recoveries, LLC, in a consent order with the Consumer Financial Protection Bureau (CFPB), which said the firm threatened to sue and sued consumers for […]
A final rule focusing on communications between consumers and debt collectors under the Fair Debt Collection Practices Act (FDCPA) was released Friday by the Consumer Financial Protection Bureau (CFPB), with that final rule scheduled to […]
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