Debt collection is ready to enter the digital age. To that end, the Consumer Financial Protection Bureau (CFPB) issued a final rule on Friday (Oct. 30) that allows debt collectors to engage with borrowers over a broader range of communications channels than before. The communications can...
The Consumer Financial Protection Bureau (CFPB) said Friday (May 17) that it has filed a lawsuit in federal court against a debt-collection agency that, the agency said, violated the Fair Debt Collection Practices Act. The lawsuit targets Forster & Garbus, LLP, a debt-collection law firm based...
Unlimited texting? Perhaps. Nights and weekends – well, maybe not. The latest salvo of proposed rule-making that would change the debt collection landscape seeks to include means of communication that were not on offer decades ago. The Fair Debt Collection Practices Act took root more...
The Consumer Financial Protection Bureau (CFPB) announced on Tuesday (May 7) that it has introduced a proposal to implement the Fair Debt Collection Practices Act. In a press release, the government watchdog agency said the Fair Debt Collection Protection Act provides consumers with clear protections...
July 02, 2024
The companies collecting Americans’ student loans, auto loans and medical payments have some work to do. That’s according to a report issued Tuesday (July 2) by the Consumer Financial Protection Bureau (CFPB), which found numerous failures in student and auto loan servicing, deceptive and abusive debt collection practices, and complaints centered on credit cards offered by dental and medical […]
May 17, 2019
The Consumer Financial Protection Bureau (CFPB) said Friday (May 17) that it has filed a lawsuit in federal court against a debt-collection agency that, the agency said, violated the Fair Debt...
May 07, 2019
The Consumer Financial Protection Bureau (CFPB) announced on Tuesday (May 7) that it has introduced a proposal to implement the Fair Debt Collection Practices Act. In a press release, the...
April 19, 2017
In some respects, debt collection remains a bit of gray area, in terms of who owes what, when it can be collected and how firms that collect debt can behave...
