Debt Collection News

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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7th Cir. Affirms Decision on Creditor ID Claim, Says Commonly Known Name is Fine and Specific Terminology is Not Required

10 June 2019

Third SEC Filing on AMCA Data Breach, Bringing Total to Over 20M Accounts Stored on Breached System

10 June 2019

CFPB Scheduled (and Canceled) Examinations of Debt Collectors Outside of its Supervisory Jurisdiction, According to OIG

6 June 2019

New Jury Verdict Yields Up To $267MM Judgment against Debt Collector in Certified TCPA Class Action

6 June 2019

Texas Passes Debt Buyer Legislation Addressing Out-of-Statute Debt

6 June 2019

D.N.J. Finds Including Writing Requirement in Validation Notice is Permissive, Not Mandatory, Under Graziano

5 June 2019

Part 2: Top 10 Elevator Conversations about the CFPB's Proposed New Rules for Debt Collection

4 June 2019

Jurisdictional Split for 1692g Written Dispute Requirement Highlighted with Recent Georgia Case

3 June 2019

House Financial Services Committee Sets Hearing on Debt Collection Legislation

30 May 2019

Why Collections RPCs Keep Dropping and What to Do About It (sponsored)

22 May 2019

CFPB Sues Yet Another Collection Firm for Lack of Meaningful Attorney Involvement Despite Promises to End Regulation by Enforcement

21 May 2019

Seventh Circuit Affirms Slashing of Prevailing Plaintiff's $187k Attorney Fee Award to Under $11k for Rejecting Meaningful Settlement Offers

20 May 2019

Two Recent Developments on the Discovery Rule and the FDCPA: Second Circuit Says Discovery Rule Doesn't Apply, U.S. Supreme Court Agrees to Review the Issue

15 May 2019

Why Creditors and Servicers Should Care About the CFPB’s Proposed Debt Collection Rules

14 May 2019

Agency, Outside Counsel, and Vendor Perspectives on the CFPB’s Proposed Rules

13 May 2019

The NPRM’s New Validation Notice: Breakdown of the Validation Period, Check Boxes, and Itemization of Debt

8 May 2019

CFPB Releases NPRM for Debt Collection; Includes Extensive Detail for Electronic Communication, 7 Call Attempt Limit, and New Requirements for Validation Notice

7 May 2019