Phantom debt collectors impersonate law firms

Getting a call from a debt collector can be stressful. But it can be downright frightening when the caller uses lies, profanity and threats to try to get you to pay. In a case announced today, the FTC says a debt collection operation in Charlotte, NC pretended to be

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Huge win for Debt Collectors/Debt Buyers

Florida Court Finds Materiality Needed for Date of Delinquency Claims Under FDCPA-****Huge win for Debt Collectors/Debt Buyers**** On October 31, 2017, a federal judge in Florida reaffirmed a legal principal that only the material misrepresentations of a debt collector are actionable under the Federal Debt Collection Practices Act (FDCPA), 1692

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Trump Administration Wants to Get Rid of CFPB

The Consumer Financial Protection Bureau (CFPB) yesterday released a report that shows complaints by student loan borrowers have driven actions that have produced more than $750 million in relief for student loan borrowers and strengthened the student loan repayment process for millions more. These changes include automatic student loan interest-rate

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CRA Public Records Removals

TransUnion shared with their sales team that CRAs will be removing tax liens and judgment data not up to standards during the week of July 10th, and not on July 1st as widely reported. Also, TransUnion will be removing ALL judgments. Therefore, one may need to adjust their verification plans.

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Department of Education

The Department of education issued a bulletin nothing that Transunion has announced that it will re-introduce their student data for all consumers effective June 1, 2017. This hasn’t been done for years. What does this means and how it can affect you or your clients? If the student loan data

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Unsigned Dispute and Validation Letters?

We know that many are sharing that you do not need to have the client sign their dispute or validation letters. Some are having success without incidents. BUT within the last month there has been a surge of calls from members receiving Authorization to Release letters from creditors or furnishers

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Department of Education Data Reporting Notice

Notice: The Department of education issued a bulletin nothing that Transunion has announced that it will re-introduce their student data for all consumers effective June 1, 2017. This hasn’t been done for years. What does this means and how it can affect you or your clients? If the student loan

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