New Communication Channels for Debt Collection

New Communication Channels for Debt Collection

New Communication Channels for Debt Collection New guidelines by the CFPB increase how debt collection professionals can communicate with debtors. Consumers do not need to permit debt collectors to use their email, text, or social media accounts to contact them....
Debt Collection Validation Notice, a Quick Look

Debt Collection Validation Notice, a Quick Look

Debt Collection Validation Notice, a Quick Look A debt collector is expected to give debtors specific details about the debt they are attempting to collect when they first get in touch with the debtor. The Fair Debt Collection Practices Act (FDCPA) was clarified by...
Chamber of Commerce Initiative to Limit the CFPB

Chamber of Commerce Initiative to Limit the CFPB

Chamber of Commerce Initiative to Limit the CFPB The Consumer Financial Protection Bureau (CFPB or Bureau) and, notably, new CFPB Director Rohit Chopra, have been accused of engaging in illegal regulatory overreach, according to the U.S. Chamber of Commerce (Chamber),...

Pink Floyd Songs and Creditors Rights – Money

Pink Floyd Songs and Creditors Rights – Money Payment of the debt tax and inclusion of the maximum principal owed “Money” Everyone wants a piece of the “Money,” especially when a loan is involved. On security instruments, such as deeds of...

Pink Floyd Songs and Commercial Collections – Wish You Were Here

Pink Floyd Songs and Commercial Collections – Wish You Were Here Guarantors, Modifications of Terms, and Reaffirmations of Guaranty Obligations “Wish You Were Here” Dealing with guarantors is one issue that creditors often appear to ignore. Most...
Wage Garnishment Laws in Florida – 1st in a Series

Wage Garnishment Laws in Florida – 1st in a Series

Wage Garnishment Laws in Florida – 1st in a Series Florida laws determining the amount of money judgment a creditor is entitled to in a Wage Garnishment Action. The amount a creditor can take, confiscate, or “garnish” from a debtor’s salary to settle...
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