New features help consumers track collection activity, identify potential rights concerns, and respond to qualifying ...
More than 470,000 complaints were filed against debt collectors last year, more than double the previous year. "I think there ...
Discover how debt buyers purchase delinquent accounts, attempt collections, and are governed under state and federal laws, ...
A: You are a target if you do not strictly follow the Fair Debt Collection Practices Act (FDCPA). See 15 U.S.C. s. 1692, et seq. The FDCPA prohibits debt collectors from using abusive, unfair, or ...
Consumers are being taken to court in droves for delinquent credit card and other bills. New legal protections and even A.I. could be a lifeline.
The most frequent consumer debt collection complaints filed with the CFPB in 2023 were attempts to collect debts that actually were not owed, the bureau said in its annual Fair Debt Collection ...
Researchers report that St. Louis and Missouri are leading the nation in the growth of consumers facing debt-collection ...
Key Takeaways Commercial debt collection operates under significantly fewer regulatory restrictions than consumer collections, allowing for more flexible and direct approaches to B2B debt recovery.
The Federal Trade Commission logged over 140,000 consumer complaints about debt collection in the second quarter — a 220% jump from the same period a year earlier. Georgia, Texas and Florida recorded ...
Gov. Maura Healey's effort to crack down on medical debt reporting has drawn resistance from debt collectors and some ...
Knowing what debt collectors can and can't do after a borrower dies could protect your family from costly mistakes.