New York debt collection regulations proposed

Dec 12, 2018 Phil Burgess

Debt collection agencies in New York state may be forced to navigate a more regulated landscape if recently proposed regulations are approved by state officials.According to Newsday, recommendations from the New York Department of Financial


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FDCPA applies to text messages and phone calls

Dec 12, 2018 Phil Burgess

FDCPA applies to text messages and phone calls

The Fair Debt Collection Practices Act (FDCPA) has a number of complex stipulations that prohibit debt collectors from utilizing practices deemed as harassing. Although some laws within the act can be pretty straightforward, other policies


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New report paints negative picture of the debt collection industry

Dec 12, 2018 Phil Burgess

New report paints negative picture of the debt collection industry

The National Consumer Law Center (NCLC) has recently released a harsh report that claims debt collectors "push families into poverty." The findings analyze states' laws regarding consumer protection in the matter of debt collection, and reveal


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SBA loan mismanagement highlights need for debt collection services

Dec 12, 2018 Phil Burgess

SBA loan mismanagement highlights need for debt collection services

It's often difficult for private companies to stay on top of debt collection efforts for outstanding accounts. With so many other tasks to accomplish, it can also be challenging for in-house accountants to manage such debt relief efforts. For


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Debt collectors appear to be taking positive steps to resolving complaints

Dec 12, 2018 Phil Burgess

For the last several months, the Consumer Financial Protection Bureau (CFPB) has been cataloging debt collection complaints from American consumers. It's one of the first steps the government regulatory organization has undertaken in its attempts


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