General News

The former director of the Consumer Financial Protection Bureau is warning about the potential for debt collectors who are “going to become increasingly insistent and increasingly vehement” in their efforts to collect as the coronavirus pandemic continues to wreak economic havoc on the country. In an interview with CNBC, Richard …

For anyone looking for ammunition to fight against efforts by local and state governments and Congress to ban debt collection activities during the coronavirus pandemic to protect consumers, here is a data point that will help: consumers consider the suspension of debt collection activities, including automotive repossessions and wage garnishment …

The following was written by Manny Newburger from Barron & Newburger and is re-published with his permission. Manny Newburger Hey, Collection Industry. You just won a temporary restraining order (TRO) against Massachusetts Attorney General Maura Healey, blocking enforcement of her emergency regulations that bar calls from debt collectors and litigation …

Merger and acquisition activity in the Accounts Receivable Management industry remained relatively flat in the first quarter, compared with the fourth quarter of 2019, largely due to the resilience of the industry, and continued interest in the space remains “very much alive,” according to a report issued by Corporate Advisory …

A collection agency in Florida is seeking to start a new movement, using the hashtag #DebtCollectorsCareToo to show the general public that collectors should not be feared and their calls ignored, but that the people on the other end of the phone are here to help. Melissa Nash, who is …

Orion Capital Solutions, a nationally licensed collection agency located in New York, is helping to feed nearby communities during the COVID-19 pandemic. The Orion team volunteered at Feedmore WNY to pack emergency food and assemble lunches for delivery to neighbors in need. Headquartered in Buffalo, NY, Feedmore WNY is the …

The state of Nevada has extended its directive that ordered the closure of all non-essential businesses, including collection agencies, through May 15 as part of a broader announcement that the governor calls a “Roadmap to Recovery” from the coronavirus pandemic. The state will start easing some restrictions of its Stay …

A report from The New York Times is accusing individuals at the Consumer Financial Protection Bureau of manipulating “the research process to justify altering” its payday lending rule, based on a 14-page memo that was written by an economist at the agency on his last day on the job last …

Not to be outdone by the metropolis on the other side of the country, the city council of Los Angeles has unanimously passed a proposal that calls for collection agencies to be labeled as non-essential businesses and for a moratorium on all collection activities within the city for the duration …

An interesting battle is brewing in New York City which illustrates some of the unintended consequences that are occurring across the country as state and local governments seek to try and enact emergency regulations that protect residents who have been affected by the coronavirus pandemic. The New York City Council …