Debt collection

NYDFS Proposes Changes to Debt Collection Regulations | Ballard Spahr srl

On October 29, the New York Department of Financial Services released proposed amendments to 23 NYCRR 1, its regulations entitled “Debt collection by third party debt collectors and debt buyers. “The proposed changes would make significant changes to the sections of the current regulations dealing with initial disclosure requirements, limitation period disclosures, justification requirements, and […]

Debt collection

Arlington ISD Hires Debt Collection Company Who Donated Thousands of Dollars to Trustees

Arlington school trustees voted Thursday to hire a new law firm to collect overdue taxes. Campaign fundraising reports, however, show directors have received thousands of dollars in donations from law firm Linebarger, Goggan, Blair & Sampson and lawyers who work for it, raising implications of what could be considered a conflict of interest. For example, […]

Debt collection

New York State DFS Releases Proposed Changes to Its Debt Collection Rules for Third Party Debt Collectors and Debt Buyers | Hinshaw & Culbertson – Consumer Hub

On October 29, 2021, the New York State Department of Financial Services (DFS) released proposed amendments to its debt collection rules for third party debt collectors and buyers (under 23 Codes, Rules and New York Regulations, Part 1) which could significantly change the procedures for communicating with consumers. The proposed changes include changes to the […]

Debt collection

CFPB publishes new FAQ on debt collection rules and guidance document on validation notice | Ballard Spahr srl

On October 29, the CFPB published further frequently asked questions on Regulation F, its final debt collection rule, as well as a guidance document. The new FAQ addresses the validation notice requirements (including for residential mortgage debt) and the guidance document discusses how to disclose validation information on the validation notice template breakdown table. . […]

Debt collection

New York Adds ADA-Style Requirement and Debt Collection Procedure Law | Bradley Arant Boult Cummings LLP

On October 8, the governor of New York signed Bill AO-2260A to assist borrowers in need of visually impaired housing. Bill AO-2260A is “a law amending general business law, with regard to the obligation of debt collectors to inform debtors that written communications are available in large print” (or under other different formats). In short, […]

Debt collection

CFPB Issues Debt Collection Guidelines, Creates More Uncertainty For Mortgage Agents | Bradley Arant Boult Cummings LLP

On October 29, 2021 – just 32 days before the effective date of November 30, 2021 – the Consumer Financial Protection Bureau (CFPB) released new guidance regarding debt validation notice requirements. which are part of the upcoming debt collection rules. Specifically, the CFPB has provided (1) new frequently asked questions regarding the special rule for […]

Debt collection

Alex Murdaugh’s brother files debt collection action against him – crime online

The president of the former Murdaugh law firm is also asking for the repayment of hundreds of thousands of dollars in personal loans he says he made to the South Carolina legal scion. As if Alex Murdaugh didn’t have enough legal problems, this week Randolph “Randy” Murdaugh IV filed a lawsuit against him to collect […]

Debt collection

HQ Laws For Debt Collection, Money Transfer Services, And Consumer Subscription Services Signed By Governor Newsom | Weiner Brodsky Kider PC

California enacted six new laws in October extending consumer rights, including new disclosure and consumer notification requirements for debt collection and subscription services. The new laws apply to subscription services, consumer guarantees, money transfer services, and debt collection and settlement services, among others. The laws extend the rights of consumers to receive information, including notice […]

Debt collection

Experian, CDS software, Comtronic systems – Puck77

Data Lab Forecast’s team of experienced research analysts have extensively assessed the primary as well as secondary information related to the global Debt Collection Solutions market. The organization offers a bunch of industry trend reports on the portal, the recently released report of which is the Global Report Debt Collection Solutions Market report. The editors […]

Debt collection

UK Consumer Debt Collection and Debt Buy Market 2021 Report: Total Collections Reached £ 2.1bn in 2019

DUBLIN, 21 October 2021 / PRNewswire / – “UK Consumer Debt Collection and Debt Purchase Market Insight Report 2021” has been added to ResearchAndMarkets.com offer. The report quantifies the sizes of each segment (as measured by total collections) and their respective historical and forecast growth rates while examining the key factors behind these numbers and […]