The new rules will require debt collectors to produce a court judgment or actual loan document. They will also have to show an accounting of all interest and fees included in the debt, and inform customers when the statute of limitations has expired. The regulations will be announced Wednesday. BY GLENN BLAIN / NEW YORK… Read More

GOVERNOR CUOMO ANNOUNCES NEW REGULATIONS AGAINST ABUSIVE AND DECEPTIVE DEBT COLLECTION PRACTICES New consumer protections issued through first use of “Gap Authority” under New York Financial Services Law Governor Andrew M. Cuomo today announced new, nation-leading reforms that will protect consumers against abusive and deceptive debt collection practices. These new, finalized state Department of Financial… Read More

Please contact us if you have received a collection letter from Praxis Financial.… Read More

Please contact us if you are being sued by the Heavner Beyers firm.… Read More

  The Magazine of Illinois Lawyers December 2014 • Volume 102 • Number 12 • Page 566 • Lawpulse 7th Circuit case shakes up the creditor’s bar By Matthew Hector Contrary to longstanding practice, collection cases must now be filed in the Cook County municipal district court where the debtor lives or the contract was signed. This summer, the seventh circuit sent shockwaves… Read More

The following is of general applicability   Florida Attorney General Warns of Debt Collection Scams Dec 09, 2014 The attorney general continues to receive complaints about individuals impersonating legitimate debt collectors. ACA has resources available to help consumers learn their rights if contacted by a debt collection professional and how to work with a debt… Read More

We have learned that many cases filed in the Marion County Township Small Claims courts are being transferred as a result of our Suesz decision. (The United States Supreme Court has now declined to review that decision.)   The collection cases were filed in the wrong court, and the debt collectors are hoping to avoid… Read More

From Credit & Collection News: A string of 12 numbers visible on an envelope sent to collect a debt is a violation of federal privacy law, according to a proposed class action filed by a New Jersey plaintiff following a precedential ruling by the Third Circuit that held just that. Lakewood, N.J. plaintiff Yosaif Richter… Read More

CFPB to Require Credit Reporting Agencies to Regularly Report on Consumer Disputes WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) released a report that found medical debt has a significant impact on consumer credit, as 43 million Americans have overdue medical debt on their credit reports. The CFPB is concerned that the systems… Read More

Please contact us if Firstsource Advantage is trying to collect money from you.… Read More