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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California Requests Feedback on Proposed Debt Collection Regulations Impacting Licensing, Reporting, and Records
21 July 2022
Hunstein Copycat Suit Fails Where Data Sent to Vendor is Secure
20 July 2022
Debt Collection Text Messages Not Protected by Bona Fide Error?
18 July 2022
Open to the Public: Debt Collection Advisory Committee Meeting
18 July 2022
Washington Court Sides with Hunstein Copycat; Rejects Main Industry Defenses
15 June 2022
Credit Eco to Go: The Problem Solving Game of Digital Communications [Podcast]
14 June 2022
California DFPI Proposes Extensive Rules Relating to Companies’ Responses to Consumer Complaints
7 June 2022
CFPB Focuses on Innovation; Creates New Office and Hints at Future Rulemaking
25 May 2022
BNPL is Primed for Growth
18 May 2022
CFPB Says ECOA Applies to an Accounts Full Life Cycle, including Collection Procedures
10 May 2022
CFPB Claims Oversight Over More Entities Including Fintechs; Says it Will Publish Supervisory Determinations
26 April 2022
3 Under-the-Radar Strategies to Reduce Friction in Authentication for Digital Debt Collection
25 April 2022
CFPB Enters into Consent Order with Student Loan Servicer to Settle Alleged UDAAP Violations in Connection with FFELP Loans
18 April 2022
3 Compliance Myths about Email for Digital Debt Collections/Recovery
7 April 2022
DC Protects Consumers From Unjust Debt Collection Practices Amendment Act of 2021
4 April 2022
PDCflow Partners with Debtmaster360 to Offer Fast, Secure, Digital Payment Workflows
4 April 2022
Creditors: Four KPIs to Evaluate Digital Strategies at Collection Agency Partners Quickly
30 March 2022
CFPB Says its UDAAP Authority Includes Ability to Review for Discrimination; Updates UDAAP Exam Procedure
22 March 2022
Equifax, Experian, and TransUnion Support U.S. Consumers With Changes to Medical Collection Debt Reporting
21 March 2022
CFPB Revises Debt Collection Exam Procedure
14 March 2022