Even if you owe money on past-due student loan payments, debt collectors may not use abusive tactics with you. A federal statute called the Fair Debt Collections Practices Act (FDCPA) regulates debt collectors in Georgia and every other state. Therefore, if debt collection agents violate the FDCPA, they break the
According to a recent article from The New York Times, approximately 8,700 professional licenses were documented as seized in the U.S. in recent years. Sadly, this number most likely represents a fraction of the actual number of licenses revoked due to unpaid student loan debt. Out of the 19
Richard Cordray, the embattled director of Consumer Financial Protection Bureau, announced Wednesday that he will leave the agency by the end of November. “I am confident that you will continue to move forward, nurture this institution we have built together, and maintain its essential value to the American public,” Cordray
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
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
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
Make sure you follow the compliance information within CCA membership dashboard. It is also good to have an attorney to look at your agreement. LITTLE ROCK – Arkansas Attorney General Leslie Rutledge has held Florida-based Capital Credit Solutions Inc. and its owner Willie J. McKenzie accountable for false and
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.
Neil Gorsuch’s first SCOTUS decision might confuse you if you aren’t sure of your rights when it comes to debt collectors. This is what to know.
The Supreme Court unanimously ruled on Monday that the Fair Debt Collection Practices Act, or FDCPA, does not allow people who think they’re experiencing abusive debt collection practices to sue banks that have bought defaulted loansfrom another lender. The decision, published by newly appointed Justice Neil Gorsuch, means
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