Debt collection refers to the work done to recover balances from credit accounts that are past due. Most commonly, debt collection specifically references third party debt collectors whose clients include banks, credit card issuers and other credit grantors, debt buyers, governments, and any organization that extends credit or owns an account where a balance is due. Collection methods traditionally include phone calls from call center agents, e-mails, and letters, and increasingly, SMS text. If an account remains in arrears after these efforts, the collection agency may contract with a collection attorney to file suit to recover the debt, if the collection agency is not positioned to do so.
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The CFPB's Proposed Rulemaking - Takeaways from the First 1,000 Comments
19 December 2013
Encore Capital Group Launches Global Corporate Social Responsibility Program
18 December 2013
Chase Sued (Again) for Robo-Signing in Debt Collection
18 December 2013
CFPB Sues Online Payday Lender and Debt Collection Agency
17 December 2013
Desperate Vets to Receive Grants from Collection Industry This Month
17 December 2013
Court Rules in Favor of Collection Agency's "Good Faith" in TCPA Case
16 December 2013
A Silver Lining Amidst Intense Regulatory Oversight
16 December 2013
Kaulkin Ginsberg Announces the Launch of Research Fellows Program
16 December 2013
CFPB and FTC Team Up on Amicus Brief in FDCPA Case
13 December 2013
CFPB Turns Focus to Arbitration Agreements in Credit Contracts
12 December 2013
Hilco Global Announces New Retail Board of Advisors
12 December 2013
Another State AG Targets Debt Buyer Over Collection Suit Affidavits
11 December 2013
Interesting Developments in the China Debt Purchase Market
11 December 2013
Phoenix Debt Collection Agency Helps Grant Holiday Wish For Two Children With Visit To Disneyworld
11 December 2013
CFPB: No "Crisis" in Debt Collection, But Problems Need Correcting
10 December 2013
All Creditors In U.S. To Be Impacted New CFPB Debt Collection Rules
10 December 2013
European ARM Firm Lindorff Hires Banks to Run IPO
10 December 2013
ARM Industry Groups Working Feverishly on Unified Response to CFPB
9 December 2013
Stellar Recovery Earns Certified Professional Receivables Company Designation
9 December 2013
Fed Reminds Banks they Are Responsible for Third-Party Service Providers
6 December 2013
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