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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
The Federal Trade Commission has recently held a conference concerning Operation Collection Protection, a debt collection law enforcement measure. The latter aims to improve the… Read More »BENEFITS OF FEDERAL TRADE COMMISSION PLAN
“If we desire respect for the law, we must first make the law respectable.” – Louis D. Brandeis On November 4, 2015, the Federal Trade… Read More »FOCUSING ON ILLEGAL DEBT COLLECTORS
The Consumer Financial Protection Bureau (CFPB) has ordered Westlake Services, LLC and Wilshire Consumer Credit, LLC, an auto finance company and its subsidiary, to pay… Read More »Feds Order Auto Loan Collection Agency to Pay $44.1M to Debt Collectors
Today’s business market demands that merchants be able to provide credit card processing for customers. Unfortunately, high risk merchants have a hard time finding payment… Read More »EMB The #1 Choice for Collection Agencies
Updated license requirements have reached the Illinois Collection Agency Act along with a 10-year expansion of the Act itself. The new laws will stay into… Read More »Could Changes to Illinois Collection Act Come to a State Near You?
Every merchant needs a merchant account. From car dealerships to e-cig sellers to even collection agencies, every business needs to safely accept and process plastic… Read More »What to Look for in when Getting a Collection Agency Merchant Account
There is word out there that many debt examination processes have continued for months or years and that some are yet to be concluded. Could… Read More »Where Could The CFPB Push the Collection Agency Industry?
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
In the first quarter of 2015, it is estimated that US consumers paid off $35 billion in card debt. This number seems astronomical, but it… Read More »Huge Consumer Debt Payoff Means Big Business for Collection Agencies