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CFPB Reaches $25M Settlement With Debt Relief Company

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The Consumer Financial Protection Bureau yesterday announced a $25 million settlement with Freedom Debt Relief, the nation’s largest debt settlement company, after alleging the company was alleged to have charged advance fees and by not settling debts as promised. A copy of the final judgment can be accessed by clicking …

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Judge Dismisses FDCPA Suit Over Collection Letter

A District Court judge in Pennsylvania has dismissed a lawsuit filed against a collection agency after it was accused of violating the Fair Debt Collection Practices Act when it sent the plaintiff a collection letter that said “Your lack of communication may result in the enforcement of your current creditor’s …

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Compliance Digest – July 8

Every week, AccountsRecovery.net brings you the most important news in the industry. But, with compliance-related articles, context is king. That’s why the brightest and most knowledgable compliance experts are sought to offer their perspectives and insights into the most important news of the day. Read on to hear what the …

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