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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CFPB Enters into Consent Order with Student Loan Servicer to Settle Alleged UDAAP Violations in Connection with FFELP Loans

18 April 2022

3 Compliance Myths about Email for Digital Debt Collections/Recovery

7 April 2022

DC Protects Consumers From Unjust Debt Collection Practices Amendment Act of 2021

4 April 2022

PDCflow Partners with Debtmaster360 to Offer Fast, Secure, Digital Payment Workflows

4 April 2022

Creditors: Four KPIs to Evaluate Digital Strategies at Collection Agency Partners Quickly

30 March 2022

CFPB Says its UDAAP Authority Includes Ability to Review for Discrimination; Updates UDAAP Exam Procedure

22 March 2022

Equifax, Experian, and TransUnion Support U.S. Consumers With Changes to Medical Collection Debt Reporting

21 March 2022

CFPB Revises Debt Collection Exam Procedure

14 March 2022

Judge Grants Motion to Dismiss in FDCPA Class Action Over Settlement Offer in Letter in Favor of Halsted Financial Services

7 March 2022

Kaulkin Ginsberg Company Releases the Most Comprehensive Report on the ARM Industry:

7 March 2022

The Correct Answers to Questions about the Limited Content Message and Model Validation Notice [Video]

3 March 2022

Three Reasons Why a Risk and Gap Assessment Should be in Your 2022 Plan

28 February 2022

Big change - like complying with sweeping Regulation F requirements or adding new tech - brings new, risky gaps in your collections compliance procedures. To avoid surging lawsuit, regulatory, and revenue risk and find those gaps, creditors and agencies need the best tool for the job: a risk and gap assessment.