Debt Collection News

Collections & Recovery

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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Learn the Latest Industry Trends During ARM Quarterly Review Webinar

13 July 2016

Federal Jury Convicts Owner of Defunct “Collection Firm” for Fraudulent Scheme

13 July 2016

Filing Proof of Claim on Time-Barred Debt Not an FDCPA Violation, 8th Circuit Court Rules

12 July 2016

Minnesota's Automatic Dialing Statute: You May be Liable for Calling a Wrong Number in Minnesota

12 July 2016

MD Penn. Holds Notice Explaining Tax Consequences of Debt Cancellation Could Be Misleading

11 July 2016

Indian Call Center Seeks New Collections Partner

11 July 2016

Spokeo Challenge in Accretive Health Debt Collection Case Receives Mixed Result

7 July 2016

FCC Rules TCPA Does Not Apply to Federal Government or its Contractors

7 July 2016

MDHBA Annual Conference to be held in Annapolis this October

7 July 2016

The Kind of Debt Collection Story That Never Gets Published

6 July 2016

CFPB Issues Supervisory Highlights Report, Includes Warnings for Creditors, Debt Buyers, Collection Agencies, and Law Firms

5 July 2016

Court Determines Consumer Did Not Prove Revocation of Consent in TCPA Case

5 July 2016

Stellar Recovery Unveils New Logo, Mission, and Vision Statements

5 July 2016

Plaintiff Counsel Threatened With Sanctions Responds to Judge in Experian "Meaningful Review" Credit Dispute Case

30 June 2016

[Image by creator iQoncept from AdobeStock]

Wells Fargo Will Pay $16.3 Million to End TCPA Suit

30 June 2016

Collection Associates Rebrands Company, Unveils New Website and Logo

30 June 2016

800lb Gorilla Enters Debt Collection Software Space

29 June 2016

Student Debt Series from Reveal and Consumer Reports Highlights Disastrous System of Compound Interest

29 June 2016

CFPB's Consumer Response Notifies Portal Contacts to Opt-In to Daily Digest Reports

29 June 2016

Debt Collection Rule Making Moves to SBREFA Phase

23 June 2016