Tag Archives: Debt Buying

A group of eight state attorneys general filed suit yesterday in federal court in New York to block a rule that was issued by the Office of the Comptroller of the Currency that aimed to close a gap in the process of banks selling loans to third parties, such as …

In a case that was first reported by Buckley Sandler, a federal judge in Pennsylvania has ruled that a debt buyer that purchased a portfolio which included accounts where the statute of limitations had expired does qualify as a “debt collector” under the Fair Debt Collection Practices Act and denied …

Is the Consumer Financial Protection Bureau trying to legislate the debt-buying industry through a series of settlements it has reached with participants in this market? It would certainly seem so, especially considering the terms of a settlement announced yesterday between the CFPB and Encore Credit and Portfolio Recovery Associates. Among …

Take a look at this internet URL for a moment: brown. senate. gov/newsroom/press/release/with-thousands-of-ohioans-affected-by-errors-in-their-credit-reports-brown-urges-feds-to-take-action-against-zombie-debts-that-are-no-longer-owed-but-linger-on-credit-reports Now, when it comes to naming most things, shorter is better. And if that were the case, then this URL would probably be among the worst ever. But when it comes to internet headlines, longer is usually …

A number of debt buyers have commented that the frequency of phishing attacks on them has increased and, in one case, a virus was running through the industry last week. There was no consensus as to the reasoning behind the increased attacks. Some posited that debt buyers were the focus …