Other Blog Posts in Fair Debt Collection Practices Act category

5 Tips to Help Consumers Deal with Debt Buyers

There is a huge business that is centered around buying debts from companies and then harassing consumers to pay these debts. However, according to federal law there is a time period in which a consumer cannot be hassled about a debt, due to the age or time that has lapsed since this debt took place. The problem occurs, when debt collectors do not adhere to these rules......

9 Tips for Dealing with Collection Agencies

Even though the economy seems to be rising, there are still plenty of Americans who are struggling with debt. A recent study by the Urban Institute found that around 35% of Americans are having debt reported to a collection agency. For those who find they are one of these people, there are several techniques in which they can use in order to d......

Federal Regulators Enhance Scrutiny of Debt Collectors; Update to FDCPA in the Works

The Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) will begin increased scrutiny of collection practices of financial institutions and debt collectors like Dynamic Recovery Solutions against consumers.Financial institutions and banks collect overdue debts regularly, and may collect the debts themsel......

CFPB and FTC Join Together in Big FDCPA Case

The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) filed a joint amicus brief in November in a big case involving alleged debt collection violations in the use of affidavits and process serving in collection lawsuits against consumers. According to a federal judge in Manhattan, a debt buyer and collection law firm used "sew......

Dealing with Debt Collection Scams

Have you ever received a call, purportedly from a debt collector, demanding payment for a debt you are quite sure is not yours? If so, then according to Better Business Bureau (BBB) office serving Chicago and Northern Illinois you are far from alone.In fact, according to the BBB, the number of complaints they have received from the public in regards to scam ...

FDCPA Lawsuit Filed For Lying

FDCPA Lawsuit Filed For LyingAccusing someone of lying has been upheld as sufficient grounds for filing a Fair Debt Collection Practices Act lawsuit, by the District Court for the Eastern District of Michigan. In Summers v. Merchants Credit Corp., the plaintiff explained that an employee at Merchants & Medical Credit Corporation accused her of “n......

Facebook Named In Illinois TCPA Lawsuit

Facebook Named In Illinois TCPA LawsuitAn Illinois resident has filed a class-action lawsuit against Facebook, for sending her an SMS message suggesting that she send “friend” requests to other users. Darya Ivankina filed a Telephone Consumer Protection Act lawsuit in the U.S. District Court in the Northern District of Illinois; she says Facebook violated the TCPA by sending her cell p......

Collection Agencies And District Attorneys

Collection Agencies And District AttorneysLast year, the New York Times and Boston Globe reported on the disturbing relationships between local district attorneys and debt collection agencies—and this year, some district attorneys are canceling their contracts with these debt collectors. The debt collection agencies, who went after va......

CPSI Loss Prevention's dreadful Record With FDCPA

CPSI Loss Prevention's dreadful Record With FDCPAA Corpus-Christi-based collection agency, CPSI Loss Prevention, is in the news for its lousy track record with the Fair Debt Collection Practices Act (FDCPA). The Better Business Bureau has received almost sixty complaints on the company in the last three years—people report the collection agency has t......

Payday Loans Are A Bad Deal

Payday Loans Are A Bad DealPayday loans are coming to the attention of federal regulators; the feds are moving to curb and do away with high-interest, short-term lending, which is designed to draw people into a cycle of debt. After a lengthy study on repeat usage of payday loans created by storefront lenders, the Consumer Financial Protection Bureau said it is considering imposing wait......

FDCPA Lawsuits On The Rise

FDCPA Lawsuits On The RiseFair Debt Collection Practices Act lawsuits make up a steady volume of civil court cases. In March, 2013, 993 cases representing 1,063 plaintiffs were filed in U.S. District Courts for FDCPA violations. This is a 6% increase over February, and an 8% increase over FDCPA lawsuits filed in March of the previous year. All of the......

4 Mortgage Insurers Pay $15 Million Settlement For Kickbacks

4 Mortgage Insurers Pay $15 Million Settlement For KickbacksOn Thursday, April 4, four major mortgage insurers agreed to pay a $15 million settlement, over claims they paid kickbacks to mortgage lenders in exchange for business. The settlement was brokered by the Consumer Financial Protection Bureau, which reported the shady deals took place over more than a decade leading up to the U.......

California law protects people from abusive debt collectors

California law protects people from abusive debt collectorsCalifornia has a comprehensive law that protects people from abusive debt collectors; the California Fair Debt Collection Practices Act is the state equivalent of the federal Fair Debt Collections Practices Act. The CFDCPA offers more consumer protections than the federal law; California resi......

JP Morgan Chase Unethical Debt Collection Practices

JP Morgan Chase Unethical Debt Collection PracticesJP Morgan Chase has finally been outed for its years of abusive and unethical debt collection practices. Linda Almonte, who was employed by Chase as a process specialist (then fired for refusing to send obviously flawed files to collection), filed a whistleblower complaint with the Securities and Exch......

Violations Of The Fair Debt Collection Practices Act Rise

Violations Of The Fair Debt Collection Practices Act RiseAfter something of a decline in 2012, the volume of lawsuits filed by consumers claiming violations of the Fair Debt Collection Practices Act (FDCPA) increased in January 2013, on a year-over-year basis.  932 cases were filed under the FDCPA in January 2013, which is a seven percent increase fr......

FTC To Investigate Debt Collection Process

FTC To Investigate Debt Collection ProcessNot surprisingly, the debt collection industry generates more consumer complaints to the Federal Trade Commission than any other industry. The burgeoning complaints have spurred the FTC to start a comprehensive investigation into debt collection processes. Chief among the agency's concerns are the numerous and serious mistakes made by debt-buye......

New Chicago Collection Agency Ordinance

New Chicago Collection Agency OrdinanceAs of July 1, 2013, collection agencies pursuing debts from Chicago residents must be licensed and comply with all federal and state laws and regulations, including the Fair Debt Collection Practices Act and the Illinois Collection Agency Act. The City of Chicago recently passed this new ordinance, which require......

Federal Trade Commission Increases Enforcement Of FDCPA

Federal Trade Commission Increases Enforcement Of FDCPAIn the last year, the Federal Trade Commission has stepped up its enforcement of the Fair Debt Collection Practices Act, acting on seven major debt collection cases; this information, and much more, came in the FTC's annual letter to the Consumer Financial Protection Bureau. The FTC and the CFPB ......

Credit Card Charge Offs On The Rise

Credit Card Charge Offs On The RiseOn February 19, 2013, the U.S. Federal Reserve reported that charge-offs of credit card accounts among its member banks increased more than five percent in the fourth quarter of 2012, which is the first time aggregate charge-off rate for cards has grown in a year and a half. In the same fiscal quarter, credit card delinquencies reached an all-time low.The aver......

Stop HouseHold Bank Debt Harassment

Is HouseHold Bank harassing you over a debt? Is HouseHold Bank placing robocalls to you or sending you unsolicited text messages? You have rights under state and federal laws! We will aggressively enforce the law to stop this harassment. Not only will we stop the harassment, but you may be entitled to money damages, too. Finally, you won’t have to pay us a dime for our......

Student Loan Debt And Bankruptcy Changes

Student Loan Debt And Bankruptcy ChangesStudent loan debt in the U.S. stands at over $1 trillion; the crushing weight of this debt on people and families has finally prompted possible legislation to ease the restrictions on discharging student loan debt in bankruptcy court. Bankruptcy started out as a venue for people to start over financially, by discharging debts and easing the stres......

Violations Of The FDPCA

Violations Of The Fair Debt Collection Practices ActIn a still-dragging economy, the business of collection agencies has increased dramatically. But thankfully, there are laws that limit what debt collection agencies can do in their aggressive pursuits of debts, real or otherwise; the Fair Debt Collection Practices Act (FDCPA) is the primary check on......

Know Your Rights Under The FDCPA

Know Your Rights Under The FDCPAThe U.S. court system runs on a basic rule: in a lawsuit, the losing party pays the winning party's legal fees. Only consumer collection lawsuits are exempt from this standard; in a consumer collection lawsuit, the debt collector absorbs the court costs, no matter who wins. The Fair Debt Collection Practices Act (FDCPA......

Credit Card Borrowing Decreases

Credit Card Borrowing DecreasesDecember 2012 marked the fifth straight month of increased consumer borrowing in the United States. Non-revolving credit (auto-financing, college tuition, and other large investments) rose the fastest it has in eleven years, topping $18.2 billion, says a recent Bloomberg report. Borrowing increased by $14.6 billion in December, according to the Federal Re......

Innovative Wealth Builders For Credit Card Reduction Scam

Innovative Wealth Builders For Credit Card Reduction ScamThe U.S. District Court for the Middle District of Florida has temporarily shut down Innovative Wealth Builders, Inc. (IWB), at the Federal Trade Commission’s request. IWB allegedly operated a credit card interest rate reduction scam; the results of the FTC's case against the company (and its three owners) will determine its fate......

Consumer Debt Still On The Rise

Consumer Debt Still On The RiseIn the still dragging U.S. economy, consumer debt is on the rise. The Federal Reserve Bank of New York released a report showing that credit card debt rose significantly in 2012; borrowers carry an average of $4,996 in debt. If you are in debt and are being harassed by debt collectors, remember that you have certain rights under the ...

U.S. Supreme Court To Consider Appeal On FDPCA Case

U.S. Supreme Court To Consider Appeal On FDPCA CaseA petition was recently submitted to the U.S. Supreme Court, asking the court to consider a case on appeal which involves the settlement of Fair Debt Collection Practices Act (FDCPA) cases. The petition was brought by some of the biggest trade groups in the debt collection industry.The case in questi......

Corday Nominated For Director of the Consumer Financial Protection Bureau

Corday Nominated For Director of the Consumer Financial Protection BureauOn January 22nd, President Obama announced he'll again nominate Richard Cordray for Director of the Consumer Financial Protection Bureau (CFPB), and ask the Senate to confirm his appointment. Cordray is currently Director of the Bureau, but his appointment a year ago (while Congress was in recess) created legal bl......

Avoid Financial Stress From Debt Collection Agencies

You can avoid harassment from debt collection agencies by knowing your rights.  A recent survey by the Personal Finance Employee Education Foundation (PFEEF) has discovered something, well, unsurprising: only 24% of Americans have “little financial stress.” The rest of us are more stressed out financially than any group in recent history. The last time PFEEF surveyed Americans was in 2004, befo......

Debt Collection Agencies Under More Scrutiny

It's estimated that 30 million Americans owe money and are being pursued by debt collectors. Almost one out of ten Americans are dealing with the endless hounding of debt collectors, for debts that average around $1,500 each—this information comes from the Consumer Financial Protection Bureau, a federal agency which was set up in the wake of the housing crisis in 2008.Starting in January of 201......

Debt Collection Relief For Mortgage Foreclosures

Debt Collection Relief For Mortgage ForeclosuresOn January 14, the U.S. Court of Appeals for the Sixth Circuit reversed a lower court decision and wrote an opinion defining mortgage foreclosure actions as “debt collection” under the Fair Debt Collection Practices Act. The appellate panel said third parties that initiate foreclosure actions must compl......

New Bill Could Empower Debt Collection Agencies

New Bill Could Empower Debt Collection AgenciesWith a stated intent “to amend the Fair Debt Collection Practices Act to preclude law firms and licensed attorneys from the definition of a debt collector when taking certain actions,” H.R. 6706, introduced on December 27, 2012, would insert an additional exemption to the definition of “debt collector,” ......

New Legislation for Collection Agencies

New Legislation for Collection AgenciesOn January 14 the Attorney General of Minnesota, Lori Swanson, called for legislation to force companies who buy bad debts (in other words, collection agencies), to demonstrate in court that their information is reliable, when it’s used to target debtors for repayment. The Attorney General argued that debt-collection comp......

Consumer Financial Protection Bureau

Consumer Financial Protection BureauAfter decades of abusive business practices, collection agencies are finally going to be properly legislated and scrutinized. The Consumer Financial Protection Bureau announced in October of 2012 that it would also begin overseeing the largest nonbank debt collection firms—those with more than $10 million in annual receipts— starting in January 2013.......

Debtors Rights--Stop harassing Calls

Debt collection agencies are extremely aggre......

Say Goodbye to Harassing Debt Collectors

KNOW YOUR RIGHTS!Are you finally ready to say goodbye to harassing debt collectors?Have you been the victim of debt collection harassment?  If so, you are not alone.About 30-million Americans have debt in collections.Last year, complaints about debt collection increased ......

United Collection Bureau - Stop Debt Collection Harassment

Debt collectors like United Collection Bureau cannot harass you over a debt. You have rights under the law, and we will stop the harassment once and for all. THE BEST PART IS… If United Collection Bureau violated the law, you will get money damag......

Stop Arrow Financial Harassment

Arrow Financial is a receivables management company and is part of Sallie Mae. One aspect of Arrow Financial is debt collection. Arrow Financial has been in business for over 50 years and is headquartered in Niles, Illinois. Arrow Financial has additional offices in Rockville Centre, New York; and Austin, Texas; and has locations in Whitewater, Wisconsin; and Austin, Texas. Arrow Financial prov......

Viking Collection Services

Debt collectors like Viking Client Services, also known as Viking Billing Services, cannot harass you over a debt.  You have rights under the law.  We will stop the harassment once and for all. THE BEST PART IS… If Viking Client Se......

Creditors Interchange

Receivable Management, LLC, is a collection agency that has been in business since 1960. is headquartered in Cheektowaga, New York. a national collection agency that has call centers in Ohio, Florida, and Ontario, Canada. collects debt in the following industries: banks, credit unions, credit card issuers, debt purchasers, and auto lenders.According to its Web site, prides itself on its pr......

CCB Credit Services

Debt collectors like cannot harass you over a debt. You have rights under the law. We will stop the harassment once and for all.THE BEST PART IS…If violated the law, you will get money damages and will pay our fees and costs. You will not pay us a penny for our time. Plus, some of our clients also receive debt relief and cleaned up credit......

CBCS

Debt collectors like CBCS, Inc. cannot harass you over a debt. You have rights under the law, and we will stop the harassment once and for all. THE BEST PART IS… If CBCS violated the law, you will get money damages and they will pay your attorney......

Sunrise Credit Services

Debt collectors like Sunrise Credit Services, Inc., cannot harass you over a debt.  You have rights under the law. We will stop the harassment once and for all. THE BEST PART IS… If Sunrise Credit Services, Inc. violated the law,......

Allied International Credit

Debt collectors like Allied International Credit, cannot harass you over a debt.  You have rights under the law.  We will stop the harassment once and for all. THE BEST PART IS… If Allied International Credit violated the law, you will get money damages and Corporation will pay our fees and costs.  Yo......

National Recovery Agency

is a collection agency that has been in business since 1973. is located in Harrisburg, Pennsylvania. collects debt from consumers, businesses, and other organizations.According to its Web site, is a “responsible revenue recovery company.” However, according to its track record, ’s collection activities shed a much different light when analyzed under the Fair Debt Collection Practices Act. T......

Valentine and Kebartas

Debt collectors like Valentine & Kebartas, LLC, cannot harass you over a debt. You have rights under the law. We will stop the harassment once and for all.THE BEST PART IS…If Valentine & Kebartas violated the law, you will get money damages and Valentine & Kebartas will pay our fees and costs. You will not pay us a penny for our ......

Nationwide Credit

is a nationally licensed collection agency that has been in business since 1947. is headquartered in Atlanta, Georgia, and has offices throughout the world. collects debt in the following industries: automotive, banking, mortgage, retail, telecom, utilities, and other industries.According to its Web site, “…seek[s] to comply with all applicable federal, state, and local laws and regulations......

How to Expose Fake Debt Collectors

Perhaps many of us have received a suspicious “debt-collection” call, often from a phone number we do not recognize. We may answer anyway, only for a robot or unfamiliar voice to claim that we owe an unpaid debt of hundreds of even thousands of dollars, and that there will be consequences if it is not paid. Before even considering a response, we......