Sentences with phrase «consumer debt collection industry»

Abuses in the consumer debt collection industry are rampant.

The Consumer Financial Protection Bureau (CFPB) assumes the oversight of the consumer debt collection industry on January 1, 2013..

Not exact matches

If your firm is looking for new ways to recognize real value from collections files, trying to locate or contact consumers motivated to settle their debts and who are funding trust accounts for this purpose on a monthly basis and if your firm is seeking an enhanced layer of security and compliance when dealing with third parties in the debt settlement industry, consider a strategy focusing on consumers enrolled in debt settlement programs and select a commercial vendor that aggregates this data to make the process of working with this industry more efficient, compliant and profitable.»

In the late 1970s, the federal government enacted the Fair Debt Collection Practices Act (FDCPA) in order to give consumers greater protections against abusive debt collection practices; to eliminate harassment within the debt collection indusDebt Collection Practices Act (FDCPA) in order to give consumers greater protections against abusive debt collection practices; to eliminate harassment within the debt collection indusdebt collection practices; to eliminate harassment within the debt collection indusdebt collection industry.

However, with my coming from the collection industry previous to starting Debt Relief a la carte, I had the chance to identify the two biggest issues with the typical debt settlement approach that so often causes harm to consumDebt Relief a la carte, I had the chance to identify the two biggest issues with the typical debt settlement approach that so often causes harm to consumdebt settlement approach that so often causes harm to consumers.

The healthcare industry is the single biggest customer of the debt collection industry, constituting 42 % of the collection market, versus only 29 % for the banking & finance sector.34 One stunning statistic from a 2003 Federal Reserve study is that over half of accounts reported by debt collectors and nearly one - fifth of lawsuits that show up as negative items on credit reports are for medical debts.35 Moreover, often medical debts are sent to debt collectors for reasons completely out of the consumer's control, such as disputes between insurance companies and providers, or even the result of the provider's failure to properly bill the insurer.

Debt collectors frequently use threats to extract payment from the more than 70 million consumers who fall behind on their bills, the Consumer Financial Protection Bureau reports in a new study of collection industry practices.

Features news and information for consumers about debt collection and dealing with debt collectors and the debt collection industry.

I have been a strong opponent of abusive debt collectors on my consumer rights blog, and I know the debt collection industry and their lawyers are reading.

Today the Consumer Financial Protection Bureau issued its final rule on oversight of the debt collection industry [PDF], which includes debt collection lawyers.

«Discusses the Fair Debt Collection Practices Act and other federal and state consumer protection laws and follows collection industry news from a consumer prospective.»

Elk Grove, CA About Blog A blog designed to provide consumers with information and advice about debt collection, dealing with debt collectors, and how to protect yourself from the tactics of the debt collection industry.