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 …

Learn More

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 …

USDA temporarily suspends farm loan debt collections, foreclosures
BANGOR — Due to the national public health emergency caused by COVID-19, the U.S. Department of Agriculture has announced the temporary suspension of past-due debt collections and foreclosures for distressed …
FTC Announces $114 Million Settlement With Payday Lenders
On February 11, 2021, the Federal Trade Commission (FTC) announced a $114 million settlement with the owners and operators of an alleged tribal payday lending scheme. The settlement resolves allegations concerning defendants’ purported violations of …
Virginia Student Loan Servicers Can Apply For New Required Licenses
Virginia Student Loan Servicers Can Apply for New Required Licenses March 1 Private and federal student loan servicers practicing in Virginia can begin applying for licenses through the Nationwide Mortgage …

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. …

Consumer Financial Protection Bureau and Virginia, Massachusetts, and New York Attorneys General Sue Libre for Predatory Immigrant-Services Scam
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB), in partnership with Virginia, Massachusetts, and New York, is suing Libre by Nexus, Inc. (Libre) and its owners for a predatory …
CFPB recruiting new attorneys
In perhaps the most direct confirmation that the Biden Administration plans to return the CFPB to the dominant and active role it had under the leadership of former Director Cordray, …
CFPB Announces Annual Adjustments Under HMDA, TILA, and FCRA
The CFPB recently announced three annual adjustments. First, the CFPB adjusted the asset-size exemption threshold for banks, savings associations, and credit unions under Regulation C, which implements HMDA. The exemption threshold increased …

TransUnion Report Confirms that Credit Activity Keeps Rising from COVID-19 Pandemic Lows, Origination Activity Recovering
TransUnion (NYSE: TRU) confirmed that consumer credit activity keeps rising from the COVID-19 pandemic lows, but some areas like automobile loans (subprime) performance have lagged. As noted in an update published …
CFPB Goes On Hiring Spree As It Looks To Ramp Up Enforcement
By Kate Berry The Consumer Financial Protection Bureau is assembling a new enforcement team and hiring more personnel as it prepares to toughen oversight of banks, mortgage servicers and other …
CFPB Issues COVID-19 Special Edition Supervisory Highlights
The CFPB recently issued a special edition of its Supervisory Highlights that focuses on the agency’s observations about COVID-19 Prioritized Assessments (PAs) conducted last year, which it designed to obtain real-time information …
Acting CFPB Director Calls For Companies To Improve Responses To Consumer Complaints
Consumer Financial Protection Bureau (CFPB) Acting Director David Uejio has put a special focus on the manner in which responses are made to the CFPB’s consumer complaint system. Signaling the …

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 …
BeeSeen Solutions Announces Partnership with AACANet
New York, December 9, 2019 – BeeSeen Solutions, a Premier Provider in developing highly effective Digital Transformation and Digital Marketing Solutions located in Long Island, New York announced today its …

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 …

Learn More

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 …

USDA temporarily suspends farm loan debt collections, foreclosures
BANGOR — Due to the national public health emergency caused by COVID-19, the U.S. Department of Agriculture has announced the temporary suspension of past-due debt collections and foreclosures for distressed …
FTC Announces $114 Million Settlement With Payday Lenders
On February 11, 2021, the Federal Trade Commission (FTC) announced a $114 million settlement with the owners and operators of an alleged tribal payday lending scheme. The settlement resolves allegations concerning defendants’ purported violations of …
Virginia Student Loan Servicers Can Apply For New Required Licenses
Virginia Student Loan Servicers Can Apply for New Required Licenses March 1 Private and federal student loan servicers practicing in Virginia can begin applying for licenses through the Nationwide Mortgage …

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. …

Consumer Financial Protection Bureau and Virginia, Massachusetts, and New York Attorneys General Sue Libre for Predatory Immigrant-Services Scam
WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB), in partnership with Virginia, Massachusetts, and New York, is suing Libre by Nexus, Inc. (Libre) and its owners for a predatory …
CFPB recruiting new attorneys
In perhaps the most direct confirmation that the Biden Administration plans to return the CFPB to the dominant and active role it had under the leadership of former Director Cordray, …
CFPB Announces Annual Adjustments Under HMDA, TILA, and FCRA
The CFPB recently announced three annual adjustments. First, the CFPB adjusted the asset-size exemption threshold for banks, savings associations, and credit unions under Regulation C, which implements HMDA. The exemption threshold increased …

TransUnion Report Confirms that Credit Activity Keeps Rising from COVID-19 Pandemic Lows, Origination Activity Recovering
TransUnion (NYSE: TRU) confirmed that consumer credit activity keeps rising from the COVID-19 pandemic lows, but some areas like automobile loans (subprime) performance have lagged. As noted in an update published …
CFPB Goes On Hiring Spree As It Looks To Ramp Up Enforcement
By Kate Berry The Consumer Financial Protection Bureau is assembling a new enforcement team and hiring more personnel as it prepares to toughen oversight of banks, mortgage servicers and other …
CFPB Issues COVID-19 Special Edition Supervisory Highlights
The CFPB recently issued a special edition of its Supervisory Highlights that focuses on the agency’s observations about COVID-19 Prioritized Assessments (PAs) conducted last year, which it designed to obtain real-time information …
Acting CFPB Director Calls For Companies To Improve Responses To Consumer Complaints
Consumer Financial Protection Bureau (CFPB) Acting Director David Uejio has put a special focus on the manner in which responses are made to the CFPB’s consumer complaint system. Signaling the …

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 …

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 …
BeeSeen Solutions Announces Partnership with AACANet
New York, December 9, 2019 – BeeSeen Solutions, a Premier Provider in developing highly effective Digital Transformation and Digital Marketing Solutions located in Long Island, New York announced today its …