Oklahoma passes new debt collection regulation

Mar 13, 2012 Mike Garretson

Debt collection services in Oklahoma may face a more adverse business environment in coming months, as the state Senate passed a law this week intended curb abuses by unregulated debt collectors. While the legislation is aimed at illegal recovery


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Debt collector bill pushed to Arizona Senate

Mar 13, 2012 Mike Garretson

Debt collector bill pushed to Arizona Senate

After passing by a narrow margin of 33 to 26, Arizona's House Bill 2664 is set to be voted on by the state's Senate, insideARM reported.The bill, approved by lawmakers on March 6, would give debt collection companies more leeway to


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Alabama county bankruptcy underway

Mar 12, 2012 Mike Garretson

Alabama county bankruptcy underway

United States Bankruptcy Judge Thomas E. Bennett recently issued an order allowing Alabama's Jefferson county to continue to declare itself in bankruptcy due to a mismanagement of county funds in 2008, The Associated Press reported.The


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CFPB director warns of new regulations on debt recovery industry

Mar 10, 2012 Mike Garretson

CFPB director warns of new regulations on debt recovery industry

Debt collection agencies and recovery specialists will need to prepare themselves for an onslaught of regulatory activity in coming months. Most of this oversight will come from the newly formed Consumer Financial Protection Bureau.Earlier


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Some debt going unnoticed

Mar 09, 2012 Mike Garretson

When the economy takes a downward turn, taxpayers are often greatly affected, and amassing severe credit card debt or even declaring bankruptcy is not uncommon. Yet even when people get back on their feet, they are not always safe from their


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