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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Tenth Circuit Finds that Materiality Must be Determined Through the Perspective of the Reasonable Consumer
13 September 2022
Hunstein Isn't Over: 4 Things You Need to Know
12 September 2022
Create an Empathetic Path to Cure in Collections
25 August 2022
4 Vendor Management Best Practices for Collections and Recovery
18 August 2022
Debunking Three Compliance Myths Regarding Texting in Collections & Recovery
9 August 2022
CFPB to Make Organizational Changes
4 August 2022
CFPB Releases Reg F Guidance
2 August 2022
Fair Lending 101 for Debt Collectors [Podcast]
28 July 2022
California Requests Feedback on Proposed Debt Collection Regulations Impacting Licensing, Reporting, and Records
21 July 2022
Hunstein Copycat Suit Fails Where Data Sent to Vendor is Secure
20 July 2022
Debt Collection Text Messages Not Protected by Bona Fide Error?
18 July 2022
Open to the Public: Debt Collection Advisory Committee Meeting
18 July 2022
Washington Court Sides with Hunstein Copycat; Rejects Main Industry Defenses
15 June 2022
Credit Eco to Go: The Problem Solving Game of Digital Communications [Podcast]
14 June 2022
California DFPI Proposes Extensive Rules Relating to Companies’ Responses to Consumer Complaints
7 June 2022
CFPB Focuses on Innovation; Creates New Office and Hints at Future Rulemaking
25 May 2022
BNPL is Primed for Growth
18 May 2022
CFPB Says ECOA Applies to an Accounts Full Life Cycle, including Collection Procedures
10 May 2022
CFPB Claims Oversight Over More Entities Including Fintechs; Says it Will Publish Supervisory Determinations
26 April 2022
3 Under-the-Radar Strategies to Reduce Friction in Authentication for Digital Debt Collection
25 April 2022