Debt collection refers to the work done to recover balances from credit accounts that are past due. Most commonly, debt collection specifically references third party debt collectors whose clients include banks, credit card issuers and other credit grantors, debt buyers, governments, and any organization that extends credit or owns an account where a balance is due. Collection methods traditionally include phone calls from call center agents, e-mails, and letters, and increasingly, SMS text. If an account remains in arrears after these efforts, the collection agency may contract with a collection attorney to file suit to recover the debt, if the collection agency is not positioned to do so.
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insideARM Weekly Recap – Week of October 21st, 2024
28 October 2024
Rulemaking by Advisory Opinion: Like making turducken without a recipe
24 October 2024
Eighth Circuit Vacates Defense Summary Judgment on FDCPA Claim Due to Plaintiff’s Lack of Standing
23 October 2024
insideARM Weekly Recap – Week of October 14th, 2024
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An Expensive New Year: Minimum Salary for White Collar Exemption Raised Almost $15k Starting January 2025
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Due Diligence in AI: 3 things you need to survive AI scrutiny
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insideARM Weekly Recap - Week of September 30th, 2024
7 October 2024
CFPB Non-Bank Registry rule: another layer of unnecessary oversight
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insideARM Weekly Recap - Week of September 23rd, 2024
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CFPB Reminds Financial Institutions to Retain Records of Affirmative Consent for Overdraft Opt-in
26 September 2024
insideARM Weekly Recap - Week of September 16th, 2024
23 September 2024
Nevada Federal Court Grants Summary Judgment in Debt Collector’s Favor in FDCPA and TCPA Case Alleging Attorney Representation and Use of an ATDS
17 September 2024
insideARM Weekly Recap - Week of September 9th, 2024
16 September 2024
CFPB issues Annual Report on FDCPA: Blasts Medical and Rental Debt Collection Practices
12 September 2024
Federal Judge Sanctions Pittsburgh Law Firm for Writing ‘Imaginary’ Letters on Behalf of Clients in Debt Disputes
28 August 2024
Witnesses Call on Congress to Establish Regulatory Office in Wake of Loper
6 August 2024
insideARM Weekly Recap – Week of July 29th, 2024
5 August 2024
The Roller Coaster of Consumer Spending, the Whiplash of Consumer Sentiment, and How to Effectively Engage for Collections
2 July 2024
Debt Collection Industry Trends and Insights 2024
27 June 2024
Colorado Tightens Regulations Related to Debt Settlement and Collection Practices
25 June 2024