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Report shows debt collection reforms needed (Consumers Union of US Inc)

(Source: Consumers Union of US Inc) January 30, 2013 Consumers Union Pushes Debt Collection Reforms As FTC Report Highlights Potential Problems For ConsumersConsumers Need Protection From Debt...

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Advocates Urge Court: "Don't Let Debt Buyers Cut Corners"

AARP Files A Friend of the Court to Protect Illinoisans from Debt Buyers CHICAGO, March 19, 2013 /PRNewswire-USNewswire/ -- Illinois consumers consistently have complained to state and federal...

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States probing top U.S. banks over debt collection

March 7 (Reuters) - The largest U.S. banks face a multi-state investigation into whether they helped debt collectors pursue faulty judgments against credit card customers, according to people familiar...

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When Bill Collectors Knock

The mountain of unpaid credit-card charges and other debts accumulated during the financial crisis hasn't disappeared. Often, it has just changed hands as debt buyers have stepped in. The Consumer...

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FTC says debt buyers' data is often flawed

In Debt Collection Land there's a monster that eats the dead - defunct debts. Considered the bottom feeders of the industry, buyers of "zombie debt" take debts that are beyond the statute of...

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"Most Active" Consumer Attorney Sergei Lemberg Commends Federal Trade...

Fair debt attorney Sergei Lemberg commended the recently released Federal Trade Commission's (FTC) study on debt buyers, "The Structure and Practices of the Debt Buying Industry," but noted that it...

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CFPB Actions on Debt Collection Will Protect Consumers from Abusive...

(Source: CFA - Consumer Federation of America) CFPB Actions on Debt Collection Will Protect Consumers from Abusive Collection Practices Bulletins Provide Guidance to Creditors and Collectors; Action...

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Know your rights in dealing with debt collectors

Generally, collection firms are forbidden under the law from using unfair, deceptive or abusive tactics. That can include practices such as phone calls at all hours of the day or night, or using...

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Tips for dealing with debt collectors

Debt collection can be an unpleasant business, but it’s a big one. The industry generates $12.2 billion in revenue for the roughly 4,500 firms chasing down borrowers who owe money on credit cards,...

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Hoosiers targeted for "zombie debt" collection

Debt collectors are targeting Hoosiers, trying to collect money owed years ago, or in some cases, debt that's already paid or disposed of. What you don't know could mean more money out of your pocket....

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Know your rights if you're hounded by debt collectors

The worst thing you can do if you get a call from a debt collector is to panic. Stand tough even if they call you a deadbeat, threaten to throw you in jail or tell you they'll rat you out to your...

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Debt collectors are now preying on other debt collectors

The debt collections industry in the U.S. is so under-regulated these days that even debt collectors are getting scammed by debt collectors, as the New York Times Magazine illustrated in a lengthy...

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6 Things Debt Collectors Wish You Knew

I’m a debt collector whose job it is to work on behalf of creditor clients to recover rightfully owed debts from consumers. The work debt collectors do is not popular, and has become increasingly...

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AARP Looks to Clean Up Debt Collectors' Dirty Practices in New York

When Old Debts Haunt Consumers, Deceit, Abuse & Cut Corners by Collectors Can Prevail – NY Court Case at Center of Putting a Stop to It NEW YORK, Nov. 19, 2013 /PRNewswire-USNewswire/ -- Owe more...

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Know the law when dealing with debt collectors

Tampa Bay Times Sunday, June 15, 2014 6:13pm Roughly one in seven American adults is being pursued by a collector, for amounts averaging about $1,500, according to a report from the Center for...

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Debt Collectors Have Figured Out A Way To Seize Your Wages And Savings

People with overdue bills have long complained of harassment from debt collectors, from late-night phone calls to frightening in-person visits. Now it appears the industry has found far more troubling...

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A.G. Schneiderman Obtains Settlement From Major Debt Buyer Who Filed...

(Source: New York State Office of the Attorney General) NEW YORK - Attorney General Eric T. Schneiderman today announced that his office has obtained a settlement from Encore Capital Group, Inc....

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Taking on the country’s biggest debt buyer, Midland Funding

Leoncio Paz took on one of the country’s biggest debt collectors — and won. The case was pretty cut and dry: Midland Funding sued Paz for $5,216 on an old credit card debt. Paz, 48, said the amount was...

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Debt Adviser: What to do when the debt collector calls

QUESTION: Recently, a collector called me about an unpaid debt from 2002. She threatened to garnish my husband's wages by 25 percent and "1099" us when we file our taxes. She said we could settle by...

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WHAT TO DO WHEN THE DEBT COLLECTOR CALLS

Q: Recently, a collector called me about an unpaid debt from 2002. She threatened to garnish my husband’s wages by 25 percent and “1099” us when we file our taxes. She said we could settle by paying...

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Strange But True Stories of Debt Collection

In 2005, our reader who goes by the screen name “frustrated in California” stopped paying on one of his credit cards. Now, nearly 10 years later, a collection agency is suing him and claims he made a...

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Governor Cuomo Announces New Regulations Against Abusive And Deceptive Debt...

(Source: New York State Department of Financial Services) December 03, 2014 Contact: Matt Anderson, 212-709-1691 New consumer protections issued through first use of "Gap Authority" under New York...

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In Local

New legal protections against debt collection will help New Yorkers who are filing for bankruptcy or in debt. Queens, NY (PRWEB) February 25, 2015 New York will soon have some of the strongest debt...

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Sequestration to Negatively Impact Over 500,000 Pennsylvanians Receiving...

Kimmel & Silverman warns financially vulnerable citizens to safeguard against more aggressive debt collection practices. Ambler, PA (PRWEB) April 01, 2013 Beginning April 1st, the federal...

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Blumenthal Leads Senators In Calling For Broad Reform Of Debt Collection...

(Source: US Senate Committee on Judiciary) Thursday, March 13, 2014 (Washington, DC) - Today, U.S. Senator Richard Blumenthal (D-Conn.) led a group of senators in calling for a broad reform of debt...

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Blumenthal Leads Senators In Calling For Broad Reform Of Debt Collection...

(Source: Richard Blumenthal) Thursday, March 13, 2014 (Washington, DC) - Today, U.S. Senator Richard Blumenthal (D-Conn.) led a group of senators in calling for a broad reform of debt collection...

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A.G. Schneiderman Obtains Settlement With Fourth Debt Buyer Vacating $1.7m In...

(Source: New York State Office of the Attorney General) NEW YORK - Attorney General Eric T. Schneiderman today announced that his office has obtained a settlement from debt buyer Asta Funding, Inc....

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7 Things You Need to Know About the Statutes of Limitation for Debt

If you have old unpaid debts, it can be helpful to know the statute of limitation that applies to those debts. If the statute of limitation (SOL) has expired, a debt is said to be "time-barred," and a...

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CFPB, 47 States and D.C. Take Action Against JPMorgan Chase for Selling Bad...

(Source: CFPB - Consumer Financial Protection Bureau) Jul 8 2015 Chase Ordered to Overhaul Debt Sales and Halt Collections on 528,000 Consumers' Accounts WASHINGTON, D.C. - Today the Consumer Financial...

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Washington AG stops Chase's unlawful credit card debt collection practices...

(Source: State of Washington) Agreement halts collections on 7,000 Washingtonians, requires debt collection reforms, secures $4M for Washington SEATTLE - Chase Bank and Chase Bankcard Services will...

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A.G. Schneiderman Announces $136 Million Multi-State Settlement With Chase...

(Source: New York State Office of the Attorney General) NEW YORK - Chase Bank USA N.A. and Chase Bankcard Services Inc. will reform its credit card debt collection practices through a $136 million...

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Chase to Change Unlawful Credit Card Debt Collection Practices through $136...

(Source: State of Rhode Island) Press Releases Chase to Change Unlawful Credit Card Debt Collection Practices through $136 Million Joint State-Federal Settlement with Attorney General Kilmartin, 47...

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Schuette Announces $136 Million State-Federal Settlement with Chase to...

(Source: State of Michigan) Schuette Announces $136 Million State-Federal Settlement with Chase to Address Unlawful Credit Card Debt Collection LANSING - Michigan Attorney General Bill Schuette today...

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Chase Bank to Change Unlawful Debt-Collection Practices Thanks to Agreements...

(Source: District of Columbia Office of the Attorney General) Contact: Rob Marus, Communications Director: 202.724.5646; robert.marus@dc.gov Washington, DC - Chase Bank USA N.A. and Chase Bankcard...

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July 8, 2015 - Chase to Change Debt Collection Practices in $136 Million...

(Source: State of Idaho Office of the Attorney General) For Immediate Release Media Contact: Kriss Bivens Cloyd (208) 334-4119 Date: July 8, 2015 Chase to Change Debt Collection Practices in $136...

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Dealing with a debt collector? Tips for borrowers

Debt collection can be an unpleasant business, but it's a big one. The industry generates $12.2 billion in revenue for the roughly 4,500 firms chasing down borrowers who owe money on credit cards, auto...

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AG Koster announces Chase to change unlawful credit card debt-collection...

(Source: Missouri Attorney General) Jefferson City, Mo. - Attorney General Chris Koster today announced a national settlement with Chase Bank USA N.A. and Chase Bankcard Services Inc. to reform its...

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CFPB: CFPB Complaints Drop 19 Percent (ACA - The Association of Credit and...

(Source: ACA - The Association of Credit and Collection Professionals) Consumer complaints about debt collection declined in February from the previous month, according to new data from WebRecon. FDCPA...

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Assembly Passes Legislation to Reduce Abusive Debt Collection Practices -...

(Source: New York State Assembly) FOR IMMEDIATE RELEASE: May 28, 2014 Assembly Passes Legislation to Reduce Abusive Debt Collection Practices Provisions Inform Consumers of their Rights and Enact the...

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Attorney General Conway Announces Settlement with Chase Bank USA & Chase...

(Source: State of Kentucky) Office of the Attorney General Attorney General Conway Announces Settlement with Chase Bank USA & Chase Bankcard Services Press Release Date: Wednesday, July 08, 2015...

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