FDCPA – Y 2019 Court Decisions in a Nutshell
https://www.xcelrev.com/2020/02/04/fdcpa-court-deci…ns-in-a-nutshell/
From AccountsRecovery.Net
https://www.accountsrecovery.net/2020/01/02/the-issues-and-trends-that-will-shape-the-industry-in-2020/
America’s Phone Habits
Americans are answering their cell phones only 47% of the time they ring, according to data released by Hiya, a company that helps identify the source of incoming phone calls. Debt collectors, as part of the broader financial services industry, represent the…
Transunion Report
Today, TransUnion and the Aite Group released a report titled The State of Collections 2019, noting that the debt collection industry is at a crossroads but has a bright future ahead. The report—which covered a cross-section of the industry representing collectors…
Report On The State of Third-Party Collection Industry
Only 6% of collection agencies report that it is easier to get in touch with consumers than it was five years ago, according to a report released by TransUnion and Aite Group. Four percent of participants in the survey said…
NEW CFPB DEBT COLLECTION RULE
The Fair Debt Collection Practices Act (FDCPA) was passed in 1977, over forty years ago, at a time when telecommunication technology was in its infancy and the consumer Internet did not exist. Since that time, the technology used to communicate…
CONSUMER DEBT HITS ALL TIME HIGH
Consumer debt climbed to a new record once again in April. The question is how much money can American consumers borrow before the bubble pops? Americans borrowed money at the fastest pace in five months in April, according to the…
Collection Agencies in the Face of Increasing Debt
The 22 trillion dollar debt that the federal government has accumulated gets most of the attention, but the truth is that we would still be 50 trillion dollars in debt even if the national debt was eliminated somehow. Today, debt…