Debt collection

What is the forecast for CFPB and FTC debt collection activities for 2021? | Alston & Bird

Debt collectors can expect the Consumer Financial Protection Bureau and the Federal Trade Commission to be active regulators within the Biden administration, particularly during and in the aftermath of the COVID-19 pandemic. Our Consumer Protection / FTC and Financial Services Litigation teams review the agencies’ latest reports on their work in 2020 and anticipate a […]

Debt collection

The Use of Credit Reports as a Debt Collection Strategy Has Changed | Jabourg Wilk

Credit scores are important and frequently determine interest rates and can even affect insurance rates. For many years, judgment creditors could enforce their judgments in various ways. Prior to 2017, judgment creditors often benefited from passive enforcement. A judgment debtor may have been motivated to resolve the judgment in order to improve their credit rating, […]

Debt collection

CFPB report examines the Fair Debt Collection Practices Act

The Consumer Financial Protection Bureau’s (CFPB) annual report to Congress regarding the implementation of the Fair Debt Collection Practices Act (FDCPA) highlights efforts to protect consumers, particularly in the context of the COVID-pandemic. 19. © Shutterstock The analysis also noted the CFPB’s collaboration with the Federal Trade Commission (FTC) in administering the legislation. According to […]

Debt securities

Grasim Industries plans to raise funds via debt securities, term loan

Aditya Birla group company Grasim Industries on Wednesday announced plans to raise funds through term loans or issuing debt securities. The company’s board of directors, at a meeting on Wednesday, approved the fundraising, Grasim Industries said in a regulatory filing without advising of the amount it intends to raise. It also authorized the Finance Committee […]

Debt collection

Debt Collection Laws for Businesses Owing Money

Federal law, state laws, and the ethics of the collection industry guide the debt collection process. Commercial debt collection agencies can contact you frequently, modify your credit report, and contact friends and family. You shouldn’t ignore collection agencies, but you should dispute bad debts, seek legal assistance, and be aware of the limitation periods for […]

Debt collection

Pandemic Debt Collection> National Conference of State Legislatures

By Kate Bryan and Heather Morton In the podcast “The Impact of the Pandemic on Civil Courts”, The Pew Charitable Trusts explores the large number of debt collection cases that end in default judgments in favor of creditors. According to state court data, around 20 million civil lawsuits are filed each year. Debt collection represents […]

Debt securities

Ministry of Corporate Affairs grants exemptions to companies with listed debt securities – Commentary

Amended definition of “listed company”Comment On February 19, 2021, the Ministry of Commercial Affairs granted long-awaited debt relief to purely listed public and private companies by exempting them from the scope of “listed companies” (and associated compliances) under the Law on 2013 companies and the rules that flow from them. This rider comes into force […]