E.D.N.Y. Provides Clarity on Identifying Creditor for Store Branded Credit Cards

The Fair Debt Collection Practices Act (FDCPA) requires debt collectors to list the creditor to whom the debt is owed in the initial letter sent to consumers. This is simple enough when there is a single creditor entity, but becomes a little more complex when more than one entity is involved with the debt. One such situation is where the debt arises from a store-branded credit card that is issued by a bank.

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News and Opinion

from insideARM.com

» E.D.N.Y. Provides Clarity on Identifying Creditor for Store Branded Credit Cards

» A Healthy Resale Market Is Vital To Our Industry – And We Need to Educate the CFPB’s New Leadership on This Important Issue

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» Yet Another 1692g "In Writing" Case Denied Dismissal in E.D. Pa.

» TCN Joins Consumer Relations Consortium’s Innovation Council to Advance New Solutions for the Collections Industry

» An Open Letter to the CFPB: Court Rulings on Validation Notice Hurt Consumers and Collectors

A Healthy Resale Market Is Vital To Our Industry – And We Need to Educate the CFPB’s New Leadership on This Important Issue

Years ago, the financial services industry looked much different than it does today; there were no documentation requirements, it was routine for debt collectors to charge post-charge off interest, chain of title documentation was required in only one or two states and requirements for post-charge off itemization were very limited. Data on the accrual of interest was often stored as a single number and it was hard to tell what payments had been made and what impact that had on accrual of interest.  

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Women in Consumer Finance Conference 2019

11 December 2019 at 06:00 p.m.

Sharpen your leadership skills, expand your professional network and help improve your workplace culture when you attend Women in Consumer Finance – a conference and networking event for ALL women in consumer finance.

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