General News

The Consumer Financial Protection Bureau announced this morning that all four of its advisory boards will hold open conference calls on May 1 with one item on the agenda — discussing the impact of the coronavirus pandemic on consumers. The four boards — the Consumer Advisory Board, the Academic Research …

A consumer advocacy is calling on the Consumer Financial Protection Bureau to “step up” and stop debt collectors from “going after” consumers during the coronavirus pandemic. Frontier Group joins a growing number of advocacy organizations that are seeking to have debt collection prohibited while the country manages its respond to …

A growing number of people are becoming increasingly concerned that debt collectors are going to swoop in and snatch the economic stimulus checks that are being handed out to Americans across the country, and are using the federal government to do something about it. “Hawley, Brown Call on Mnuchin to …

A consumer advocacy group in New York City has collected more than 3,000 signatures on a petition that asks Gov. Andrew Cuomo to halt private debt collection in New York state. The group is also soliciting stories from individuals who have been contacted by debt collectors and is sharing those …

The organizers of Collector.Live! — a popular annual event for the credit and collection industry — have announced they are hosting a special “Home Edition” of the one-day conference on April 21, which will be free to anyone who wants to participate, while also seeking donations that will be used …

An undated press release that came out yesterday, touting to be the “Do Not Call” list for collection agencies caught my eye and I thought it would be good to let everyone know about it. The release promotes the launch of DebtCollectorRegistry.com, which is offer a subscription service that appears …

The credit and collection industry may have been premature to breathe a sigh of relief when the CARES Act was signed into law and did not specifically prohibit the collection of debt n any form, especially if Democrats in Congress have their way. In an op-ed column that was published …

The worst fears for companies in the credit and collection industry which are still open and allowing employees to come into the office are coming true for Wells Fargo, which has had employees at four different call centers across the country test positive for coronavirus, according to a published report. …

Duluth, Georgia, April 7, 2020 — Crown Asset Management, LLC announced today that it has made a contribution to a local food service provider, Gourmet Innovations, to fund meals for frontline service care providers involved in the fight against the coronavirus pandemic in the Atlanta metropolitan area. Crown Asset Management …

Once one of the largest collection agencies in the country, DCI or Diversified Consultants, Inc., has closed down, numerous sources informed AccountsRecovery.net. In a letter that was distributed to employees in late March and reviewed by AccountsRecovery.net, the company announced it will be permanently closing its doors before April 30 …