A Florida man has accused PayPal and TrueAccord of illegally attempting to collect money from him via “incessantly” robocalling, emailing, and text messaging. Tuesday’s complaint seeks relief from numerous violations of the Fair Debt Collection Practices Act (FDCPA), the Florida … Continue reading →
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In summary A bill aims to create new rules for California’s mostly unregulated debt settlement industry. AB 1405, expected to pass through Senate committees, comes at a time when the industry expects to see a 75% increase in account enrollment. … Continue reading →
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Source: Shutterstock. It may not have been the most high-profile story out of the massive public-private response to the COVID-19 pandemic, but nearly 850 credit union lenders stepped up and processed hundreds of thousands of loans worth billions of dollars … Continue reading →
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A group of Democratic senators are calling on the Consumer Financial Protection Bureau (CFPB) to address the nation’s ever-growing medical debt. Sens. Chris Murphy (D-CT), Chris van Hollen (D-MD), Tammy Baldwin (D-WI), Cory Booker (D-NJ), Elizabeth Warren (D-MA), and Richard … Continue reading →
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After announcing several years ago that it intended to pick up with fair lending enforcement in the indirect auto finance market where the CFPB left off, the New York Department of Financial Services has announced two consent orders with smaller, … Continue reading →
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Amid all of this week’s news, one potentially game-changing piece of legislation seemed to slip under the radar: the idea of dramatically overhauling the U.S. credit reporting industry. “Good credit is a gateway to wealth,” said House Committee on Financial Services chair Maxine … Continue reading →
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Senate Democrats are calling on federal authorities to take action on aggressive medical debt collection, citing reports about hospitals suing patients over unpaid bills. In a letter to the the Consumer Financial Proection Bureau (CFPB), Democratic Sens. Chris Murphy (Conn.) … Continue reading →
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California lawmakers have advanced a budget proposal to stop collecting child support debt from some parents who are receiving cash assistance, but the proposed solutions are a far cry from what advocates for those debt-holders sought in January. The Legislature’s budget … Continue reading →
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TORI Spelling’s debt collector is demanding the Los Angeles Sheriff’s Office force the cash-strapped actress to pay the $6K debt she owes. Tori, 48, was ordered to pay Cavalry SPV I, a debt-buying company on behalf of Citibank, $5,054.32 for … Continue reading →
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Transworld Systems Inc. (TSI), the largest U.S. technology-enabled provider of accounts receivable management (ARM) solutions, announced today it has completed its acquisition of Account Control Technology Holdings, Inc. (ACT Holdings), a leading debt recovery, ARM and business process outsourcing company. Transaction … Continue reading →
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