Name: Collection Industry News
Address: 5255 N Federal Highway, 2nd Floor, Boca Raton, FL, 33487
Telephone: 561-995-9662

No More Conferences/ For Now or Forever
We hope everyone is well and safe during these troubled times of change. The United States is the strongest country and have the most resilient people on earth, which is …
Who Is Seize Assets?
By: Robert Pinchuck SeizeAssets.com investigates debtors and companies and produces actionable data which is extremely desirable for many different groups of clientele looking to find assets. For example, debt buyers …
Damages That Debtors Have Been Awarded When Suing Collectors. FYI – Be Careful
By: Robert Pinchuck There are thousands of demands made on creditors, collection agencies, debt buyers, and other attorneys every month by FDCPA litigant attorneys. The business is showing no signs …
Ways to Locate Hidden Assets
It’s no easy task, but you have to be creative to locate assets – especially when dealing with debtors who are actively finding ways to hide them. For example, buying …

NCBA Presents 2020 Awards & Scholarships at Executive Experience Event in Phoenix, Arizona
FOR IMMEDIATE RELEASE October 22, 2020 [UNIVERSITY PARK, FL] National Creditors Bar Association (NCBA) presented its 2020 awards and scholarships this week at the NCBA 2020 Executive Experience event in …
FDCPA Certification and Training online courses for as little as $29
PROPER TRAINING IN FDCPA COMPLIANCE SIGNIFICANTLY LOWERS THE CHANCES OF GETTING SUED Do you have a collection department or staff that interacts daily with companies or consumers in regards to …
Betting on Asia’s Debt, Europe’s Hunt for Yield Heads East
SINGAPORE/AMSTERDAM — Low yields at home are sending some previously shy European investors into Asia’s credit markets, money managers say, lured by the promise of higher returns and a hope …
On-Demand: Fewer Collectors, More Accounts: Prioritizing Contact Efforts for the Coming Wave of Delinquencies and Defaults
As the economy faces unprecedented unemployment rates and an impending recession, record numbers of financial accounts across industries will enter collections. According to NPR, banks are preparing for “an onslaught …
Debt collection rules should not affect first-party collectors
The Consumer Financial Protection Bureau (CFPB) should ensure its debt collection rulemakings do not extend unwarranted regulatory requirements to first-party debt collectors, CUNA wrote Tuesday in response to a CFPB proposal. The proposal …
Breakdown of NYC DCA FAQs and Reporting Requirements for New LEP Rule
Last week, the New York City Department of Consumer Affairs (DCA) provided some clarity to debt collectors on its newly-enacted Limited English Proficiency Rule (LEP Rule). DCA issued an FAQ document …

Concerns over prohibition against debt collection service
Article 6 Investment Law 2020 stipulates that “Debt Collection Service” is one of the businesses that are prohibited from investment. This regulation will come into force on 1 January 2021, …
Amid coronavirus economic recovery, Ohio can help prevent a consumer debt crisis
As Ohio reopens with mounting uncertainty, we see promising signs of recovery from COVID-19. But the hope for economic recovery locally and nationwide will be tempered as millions of Americans …
Community group opposes Pine Bluff court debt collection proposal
In tough times, the Pine Bluff City Council is considering a proposal to sic a private debt collection agency on people with unpaid fines and fees. The Arkansas Community Organizations has written the mayor and city council …
TCPA’s 2015 Government-Debt Collection Exception Struck Down- Now What?
The Supreme Court’s recent decision in Barr v. American Association of Political Consultants held the government-debt exception of the TCPA unconstitutional under the First Amendment’s Free Speech Clause. This means that going …

AG office’s Consumer Protection Section has recovered $403M since 2014
Source: site The Office of Attorney General’s Consumer Protection Section has recovered more than $403 million in relief for consumers and payments for violators since the beginning of Mark Herring’s first term in …
New Law Blocks Debt Collectors From Stimulus Funds
Source: site A new state law approved Thursday by Gov. Andrew Cuomo will bar debt collectors from accessing stimulus funds in bank accounts, a measure that had been sought by consumer …
House Passes Debt Collection Bill
Source: site The House Thursday passed legislation making a series of reforms to debt collection requirements. While NAFCU supports efforts to stop abusive debt collection practices, the association had raised concerns …

The U.S. vs. the world: How major nations are recovering from coronavirus
Poor health outcomes in the U.S. point to a slow economic recovery, and possibly a double-dip recession. People wearing face masks to protect against the coronavirus gather at a pedestran …
Google Defends Its Debt Collection Practices in Travel
Google is feeling the heat over its unwillingness to discount travel advertisers’ unpaid advertising bills that grew out of the Covid-19-induced economic collapse, and its payment-collection practices, which include barring new advertising for nonpayment. …
Medical Debt Collection Firm R1 RCM Hit in Ransomware Attack
R1 RCM Inc. [NASDAQ:RCM], one of the nation’s largest medical debt collection companies, has been hit in a ransomware attack. Formerly known as Accretive Health Inc., Chicago-based R1 RCM brought in revenues …
Enhanced oil recovery giant Denbury Resources files for bankruptcy
Another major oil company has buckled under the weight of its debt during the COVID-19 pandemic and fallen into bankruptcy as depressed fuel demand continue to pummel the nation’s energy giants. …

CFPB Director Confirmation Remains Held Up
Source: site Four months after President Joe Biden selected Federal Trade Commissioner Rohit Chopra as his nominee to serve as the next full-time director of the Consumer Financial Protection Bureau (CFPB), the nomination …
The $2B ticking time bomb that has pushed renters, landlords to the brink
Source: site Jasco Management, which owns dozens of small apartment houses in Jersey City, keeps a ledger that illustrates how New Jersey’s coronavirus eviction moratorium has hammered landlords. On one side …
Passage Of Debt Collection Bill Could Be A ‘Slippery Slope’ For Lenders
Source: site Despite objections from CUNA and NAFCU, the House of Representatives passed the Comprehensive Debt Collection Improvement Act on Thursday. The bill, H.R. 2547 was sponsored by House Financial Services …

Individual Bankruptcy Filings Fall During Pandemic
Source: site The number of people seeking bankruptcy fell sharply during the pandemic as government aid propped up income and staved off housing and student-loan obligations. Bankruptcy filings by consumers under …
New York’s Historic Down Town Association Files for Bankruptcy
Source: site (Bloomberg) — The Down Town Association, the oldest social club in lower Manhattan and a former haven for New York and national power brokers, has filed for bankruptcy. The …
January 2021 Bankruptcy Filings Continue Historic Slide
NEW YORK, Feb. 04, 2021 (GLOBE NEWSWIRE) — Epiq, a global technology-enabled services leader to the legal services industry and corporations, released its January 2021 bankruptcy filing statistics from its …

Student Loan Debtors Seek High Court Standard In Debt Discharge
Source: site Consumer advocates are calling on the U.S. Supreme Court to provide a uniform, nationwide standard for what debtors must prove to eliminate student loan debt in bankruptcy. Wiping out …
CFPB Releases 2020 Fair Lending Report
Source: site The CFPB recently released its 2020 Fair Lending Report. The report highlights the CFPB’s work in 2020 around fair lending during the COVID-19 pandemic and its resulting economic consequences. …
3rd Circuit Rules Collection Letter’s Itemization Of Zero Balance For Interest And Other Fees Not Confusing Or Misleading
Source: site On April 12, the U.S. Court of Appeals for the Third Circuit affirmed dismissal of an FDCPA action, concluding that itemized breakdowns in collection letters that include zero balances for interest …
5th Cir. Holds FDCPA Plaintiff Not Entitled To Attorney’s Fees Following Settlement
Source: site The U.S. Court of Appeals for the Fifth Circuit recently affirmed a trial court’s denial of an award of attorney’s fees to a debtor who settled his claims against …

Albright Named to Independent Standards Board
Wednesday, April 7, 2021-Chicago- Commercial Collection Agencies of America is proud to announce the appointment of Mr. Kurt Albright to the Independent Standards Board effective immediately. Albright was recently approved …
PSCU Partners with Telrock to Offer Next-Generation Delinquency Management Software Platform
PSCU Partners with Telrock to Offer Next-Generation Delinquency Management Software Platform St. Petersburg, Fla. — (June 4, 2020) — PSCU, the nation’s premier payments credit union service organization (CUSO), announced …
CCA of A Gives Back
The charitable initiative of Commercial Collection Agencies of America announces donations to food pantries across the United States! The coronavirus pandemic has caused a 40% increase in demand for food …
Big News: FDCPA Certifications has relaunched with a new website and a new training platform!
March 16th, 2020: For the past 8 years FDCPA Certifications has delivered a comprehensive 3rd party FDCPA online compliance course for companies whose employees interact with past due consumers by …

NCBA Presents 2020 Awards & Scholarships at Executive Experience Event in Phoenix, Arizona
FOR IMMEDIATE RELEASE October 22, 2020 [UNIVERSITY PARK, FL] National Creditors Bar Association (NCBA) presented its 2020 awards and scholarships this week at the NCBA 2020 Executive Experience event in …
FDCPA Certification and Training online courses for as little as $29
PROPER TRAINING IN FDCPA COMPLIANCE SIGNIFICANTLY LOWERS THE CHANCES OF GETTING SUED Do you have a collection department or staff that interacts daily with companies or consumers in regards to …
Betting on Asia’s Debt, Europe’s Hunt for Yield Heads East
SINGAPORE/AMSTERDAM — Low yields at home are sending some previously shy European investors into Asia’s credit markets, money managers say, lured by the promise of higher returns and a hope …
On-Demand: Fewer Collectors, More Accounts: Prioritizing Contact Efforts for the Coming Wave of Delinquencies and Defaults
As the economy faces unprecedented unemployment rates and an impending recession, record numbers of financial accounts across industries will enter collections. According to NPR, banks are preparing for “an onslaught …
Debt collection rules should not affect first-party collectors
The Consumer Financial Protection Bureau (CFPB) should ensure its debt collection rulemakings do not extend unwarranted regulatory requirements to first-party debt collectors, CUNA wrote Tuesday in response to a CFPB proposal. The proposal …
Breakdown of NYC DCA FAQs and Reporting Requirements for New LEP Rule
Last week, the New York City Department of Consumer Affairs (DCA) provided some clarity to debt collectors on its newly-enacted Limited English Proficiency Rule (LEP Rule). DCA issued an FAQ document …

Concerns over prohibition against debt collection service
Article 6 Investment Law 2020 stipulates that “Debt Collection Service” is one of the businesses that are prohibited from investment. This regulation will come into force on 1 January 2021, …
Amid coronavirus economic recovery, Ohio can help prevent a consumer debt crisis
As Ohio reopens with mounting uncertainty, we see promising signs of recovery from COVID-19. But the hope for economic recovery locally and nationwide will be tempered as millions of Americans …
Community group opposes Pine Bluff court debt collection proposal
In tough times, the Pine Bluff City Council is considering a proposal to sic a private debt collection agency on people with unpaid fines and fees. The Arkansas Community Organizations has written the mayor and city council …
TCPA’s 2015 Government-Debt Collection Exception Struck Down- Now What?
The Supreme Court’s recent decision in Barr v. American Association of Political Consultants held the government-debt exception of the TCPA unconstitutional under the First Amendment’s Free Speech Clause. This means that going …

AG office’s Consumer Protection Section has recovered $403M since 2014
Source: site The Office of Attorney General’s Consumer Protection Section has recovered more than $403 million in relief for consumers and payments for violators since the beginning of Mark Herring’s first term in …
New Law Blocks Debt Collectors From Stimulus Funds
Source: site A new state law approved Thursday by Gov. Andrew Cuomo will bar debt collectors from accessing stimulus funds in bank accounts, a measure that had been sought by consumer …
House Passes Debt Collection Bill
Source: site The House Thursday passed legislation making a series of reforms to debt collection requirements. While NAFCU supports efforts to stop abusive debt collection practices, the association had raised concerns …

The U.S. vs. the world: How major nations are recovering from coronavirus
Poor health outcomes in the U.S. point to a slow economic recovery, and possibly a double-dip recession. People wearing face masks to protect against the coronavirus gather at a pedestran …
Google Defends Its Debt Collection Practices in Travel
Google is feeling the heat over its unwillingness to discount travel advertisers’ unpaid advertising bills that grew out of the Covid-19-induced economic collapse, and its payment-collection practices, which include barring new advertising for nonpayment. …
Medical Debt Collection Firm R1 RCM Hit in Ransomware Attack
R1 RCM Inc. [NASDAQ:RCM], one of the nation’s largest medical debt collection companies, has been hit in a ransomware attack. Formerly known as Accretive Health Inc., Chicago-based R1 RCM brought in revenues …
Enhanced oil recovery giant Denbury Resources files for bankruptcy
Another major oil company has buckled under the weight of its debt during the COVID-19 pandemic and fallen into bankruptcy as depressed fuel demand continue to pummel the nation’s energy giants. …

CFPB Director Confirmation Remains Held Up
Source: site Four months after President Joe Biden selected Federal Trade Commissioner Rohit Chopra as his nominee to serve as the next full-time director of the Consumer Financial Protection Bureau (CFPB), the nomination …
The $2B ticking time bomb that has pushed renters, landlords to the brink
Source: site Jasco Management, which owns dozens of small apartment houses in Jersey City, keeps a ledger that illustrates how New Jersey’s coronavirus eviction moratorium has hammered landlords. On one side …
Passage Of Debt Collection Bill Could Be A ‘Slippery Slope’ For Lenders
Source: site Despite objections from CUNA and NAFCU, the House of Representatives passed the Comprehensive Debt Collection Improvement Act on Thursday. The bill, H.R. 2547 was sponsored by House Financial Services …

Individual Bankruptcy Filings Fall During Pandemic
Source: site The number of people seeking bankruptcy fell sharply during the pandemic as government aid propped up income and staved off housing and student-loan obligations. Bankruptcy filings by consumers under …
New York’s Historic Down Town Association Files for Bankruptcy
Source: site (Bloomberg) — The Down Town Association, the oldest social club in lower Manhattan and a former haven for New York and national power brokers, has filed for bankruptcy. The …
January 2021 Bankruptcy Filings Continue Historic Slide
NEW YORK, Feb. 04, 2021 (GLOBE NEWSWIRE) — Epiq, a global technology-enabled services leader to the legal services industry and corporations, released its January 2021 bankruptcy filing statistics from its …

Student Loan Debtors Seek High Court Standard In Debt Discharge
Source: site Consumer advocates are calling on the U.S. Supreme Court to provide a uniform, nationwide standard for what debtors must prove to eliminate student loan debt in bankruptcy. Wiping out …
CFPB Releases 2020 Fair Lending Report
Source: site The CFPB recently released its 2020 Fair Lending Report. The report highlights the CFPB’s work in 2020 around fair lending during the COVID-19 pandemic and its resulting economic consequences. …
3rd Circuit Rules Collection Letter’s Itemization Of Zero Balance For Interest And Other Fees Not Confusing Or Misleading
Source: site On April 12, the U.S. Court of Appeals for the Third Circuit affirmed dismissal of an FDCPA action, concluding that itemized breakdowns in collection letters that include zero balances for interest …
5th Cir. Holds FDCPA Plaintiff Not Entitled To Attorney’s Fees Following Settlement
Source: site The U.S. Court of Appeals for the Fifth Circuit recently affirmed a trial court’s denial of an award of attorney’s fees to a debtor who settled his claims against …

No More Conferences/ For Now or Forever
We hope everyone is well and safe during these troubled times of change. The United States is the strongest country and have the most resilient people on earth, which is …
Who Is Seize Assets?
By: Robert Pinchuck SeizeAssets.com investigates debtors and companies and produces actionable data which is extremely desirable for many different groups of clientele looking to find assets. For example, debt buyers …
Damages That Debtors Have Been Awarded When Suing Collectors. FYI – Be Careful
By: Robert Pinchuck There are thousands of demands made on creditors, collection agencies, debt buyers, and other attorneys every month by FDCPA litigant attorneys. The business is showing no signs …
Ways to Locate Hidden Assets
It’s no easy task, but you have to be creative to locate assets – especially when dealing with debtors who are actively finding ways to hide them. For example, buying …

Albright Named to Independent Standards Board
Wednesday, April 7, 2021-Chicago- Commercial Collection Agencies of America is proud to announce the appointment of Mr. Kurt Albright to the Independent Standards Board effective immediately. Albright was recently approved …
PSCU Partners with Telrock to Offer Next-Generation Delinquency Management Software Platform
PSCU Partners with Telrock to Offer Next-Generation Delinquency Management Software Platform St. Petersburg, Fla. — (June 4, 2020) — PSCU, the nation’s premier payments credit union service organization (CUSO), announced …
CCA of A Gives Back
The charitable initiative of Commercial Collection Agencies of America announces donations to food pantries across the United States! The coronavirus pandemic has caused a 40% increase in demand for food …
Big News: FDCPA Certifications has relaunched with a new website and a new training platform!
March 16th, 2020: For the past 8 years FDCPA Certifications has delivered a comprehensive 3rd party FDCPA online compliance course for companies whose employees interact with past due consumers by …