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Bureau may enforce stricter collections policies

May 17, 2011 Kyle Duncan

Beginning July 21, a new agency will join the Federal Trade Commission to investigate complaints and violations of debt collection agencies, according to The Atlanta Journal Constitution.The Consumer Financial Protection Bureau, a new federal...


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Rapid growth sparks collections agency to add staff

May 16, 2011 Kyle Duncan

Rapid growth sparks collections agency to add

A former software-company-turned collections agency plans to take on 120 new employees by 2012 due to revenue growth that has far exceeded expectations.CKS Financial, a collections firm based in Chesapeake, Virginia, expects to hire 41 workers this...


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Minnesota debt collector loses license, must pay fine

May 15, 2011 Kyle Duncan

Minnesota debt collector loses license, must pay

A Lonsdale, Minnesota-based debt collector recently had his license revoked by the Minnesota Department of Commerce after being found to have violated the Fair Debt Collection Practices Act as well as state law, according to the Northfield...


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Law-breaking Louisiana debt collector charged with contempt of court

May 14, 2011 Kyle Duncan

Law-breaking Louisiana debt collector charged with

A Metairie, Louisiana, businessman was recently held in contempt of court by the state attorney general's office after violating a court order that prevented him, his son and another employee at the debt collection agencies where they worked from...


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Consumer complaints about debt collection on the rise

May 13, 2011 Kyle Duncan

Consumer complaints about debt collection on the

The South Carolina Department of Consumer Affairs recently reported that debt collection was the top consumer complaint in the state last year, accounting for 13 percent of the grievances logged by the agency, according to The State newspaper....


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