Debt collection Attorneys Marcadis Singer, PA

Many may not have been paying attention, but over the last year, there has been a huge review of how those in the debt industry conduct themselves.

There has been major companies ordered to pay refunds for misleading business practices, there’s new mortgage rules going into effect, a recording of consumer complaints against the collection industry, to the tune of over 31,000 complaints.

As Florida Attorney’s focused on debt collection, we pay particularly close attention to what at times are seismic shifts in policy and law, and at times are simply subtle changes in public and legal attitude.

We look at some of the “bad apples” in our industry and are pleased to see a strengthening of requirements, while at the same time, balancing the fact that we are creditors’ rights attorneys.

There’s something very basic that we must not lose site of.   If you owe a debt, you should pay it.  If you extend credit, you should do so responsibly.  Everyone needs to play by the rules.

Over the next year the Consumer Financial Protection Bureau is going to be re-evaluating

  • Arbitration
  • Overdraft Fees
  • Student Loans
  • Debt Collection agencies
  • Credit Report Disputes
  • Prepaid Cards.

We will be running through our own rundown of these critical areas in the blog posts ahead.

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