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The Consumer Financial Protection Bureau (CFPB), an agency of the United States government responsible for consumer protection in the financial sector, and the New York… Read More »A Lawsuit Against N.Y. Debt Collectors
The process of collecting debts can be tricky to newcomers. It is generally unfavorable to startups as well. Traditional banks and many credit processing providers… Read More »CFPB Released Outline Regarding Debt Collection Industry
Scott Walker, Wisconsin Governor, has signed a Wisconsin Consumer Act amendment. Debt collection rules and requirements are made easier and more clarified. Changes to Debt… Read More »New Debt Collection Rules For Merchants
Recent data, released by the U.S. Department of Education, has shown that the number of student loan accounts being sent to collection agencies has doubled.… Read More »Student Loan Defaults Sent to Collection Agencies Double | Collection Agency Merchant Account
Victoria’s Secret, one of the world’s most successful lingerie retailers, is facing a class action lawsuit for violating the Telephone Consumer Protection Act. The lawsuit… Read More »Victoria’s Secret Lawsuit Claims Violation of TCPA | Debt Collection Merchant Account
“Making money is art, and working is art, and good business is the best art.” – Andy Warhol A law firm based in Waltham, Massachusetts,… Read More »WHAT’S GOING ON IN THE DEBT COLLECTION INDUSTRY?
California debtors who filed a class-action lawsuit against JPMorgan Chase for unfair collecting practices can rest a little easier tonight. The company has settled the… Read More »JPMorgan Chase Settles with California Debtors
A recent Government Accountability Office report states that the IRS’ uncollected tax debts rose 23% to $380 billion, while collection staff fell 23% after budget… Read More »Senate Considers Using Private Debt Collection Agencies to Control Debt
The Federal Reserve is looking over current collections laws. This is long overdue, according to merchants and consumers. While the vast majority of collections agencies… Read More »Feds Review Collections Laws
Debt collectors are one of the most hated industries. Let us just be honest about it. However, it can be lucrative for merchants. However, do… Read More »Debt Collection Company Complaints and How They Stigmatize the Industry