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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Regulation F FAQ: Itemization Dates
22 March 2021
FTC Provides Annual Letter to CFPB on Debt Collection Activities
22 March 2021
Dancing to Their Own Tune: Empowering Consumers Through Self-Service
16 March 2021
RMAi Provides Guidance on Federal Stimulus Funds
15 March 2021
CFPB Debt Collection Rule Alert: 11 Whopping Misstatements You Need to Know About
9 March 2021
What the CFPB’s New Debt Collection Rules Mean for Creditors and First-Party Servicers (sponsored)
25 February 2021
Framing the Discussion of the Role of Consumer Financial Services
22 February 2021
Can We Say Goodbye to Six-Figure Emotional Distress Jury Awards? The Future of Actual Damages Awards in Light of the Seventh Circuit’s Standing Decisions
9 February 2021
Calling Balls and Strike on the Debt Collection Rule
8 February 2021
CAS Anticipates Robust M&A Market for Outsourced Business Services in 2021
29 January 2021
Limited Content Messages And Your Company’s Name
27 January 2021
Mass. Releases Webinar on Examination and Legislation Strategy for Debt Collectors
21 January 2021
Biden Selects Rohit Chopra to Lead Consumer Financial Protection Bureau
19 January 2021
CFPB Issues Guidelines on Serving Limited English Proficiency (LEP) Consumers
14 January 2021
The Tides are Turning: Recent Trends in FDCPA Standing
13 January 2021
The Battle is Over: ACA International v. Mass. AG COVID-19 Collection Call Ban Lawsuit Dismissed
13 January 2021
2020 In Review: Federal and State Activity in Consumer Debt Collection Regulation
13 January 2021
6th Circuit Rejects ‘Benign Language’ Exception in FDCPA Envelope Disclosure Claim
11 January 2021
CFPB Taskforce Report (Part 2): The 19 Focus Areas and 102 Recommendations of Volume 2
7 January 2021
CFPB Taskforce Report (Part 1): A Deep Dive Into the 4 Main Debt Collection-Related Topics of Volume 1
6 January 2021