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
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
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Minnesota debt collector loses license, must pay fine
May 15, 2011 Kyle Duncan
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
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
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Consumer complaints about debt collection on the rise
May 13, 2011 Kyle Duncan
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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