As a consumer, receiving notices or calls from a collection agency about an outstanding debt can often be worrisome. There are misconceptions and negative perceptions associated with collection agencies, but in reality, professional collection agencies can be trusted partners in resolving debts. Here are some reasons why you can trust a collection agency. Compliance with […]
Are you tired of chasing down overdue payments from customers or clients? Is your business struggling with mounting unpaid invoices? If so, it may be time to consider hiring a collection agency. Collection agencies are specialized firms that help businesses recover outstanding debts by employing proven strategies and legal procedures. While some business owners may […]
Running a small business is a difficult task, and it is even more difficult to keep track of receivables. With all the other tasks that need to be taken care of, it is easy to let the collections process slip through the cracks. This is where a collection agency can help. Hiring a collection agency […]
The class-action cases, based on precedent from the 11th Circuit’s Hunstein ruling, were dismissed by the judge for lack of standing.
Credit Counsel Inc has been in the debt collection business for over twenty years. In this time, it should come as no surprise that they’ve developed a system of efficiency and unparalleled professionalism – one that allows them to proudly set a shining example for the industry as a whole. Credit Counsel Inc’s founder Christopher […]
“We’re fast approaching this holiday season and people start to play a little fast and loose with their credit,” Christopher Mihoulides, founder of Credit Counsel Inc., begins. “It’s important to note that while this is indeed the season for giving, there are measures you can and should be taking to ensure you’re making the best […]
The U.S. Supreme Court on Friday announced that it would review Seila Law v. Consumer Financial Protection Bureau, a case that challenges the constitutionality of the Consumer Financial Protection Bureau’s leadership structure. In the Seila Law case, a Ninth Circuit panel unanimously ruled that the CFPB’s single director structure is constitutional, ACA International previously reported. […]
“Overall, ACA believes that the bureau’s efforts will resolve ambiguities in the FDCPA and help create uniform national standards. Nevertheless, in its comprehensive comments, ACA identifies a significant number of changes that should be made to the proposal.” – ACA International CEO Mark Neeb After working with ACA International members and association leadership to garner […]
The Consumer Financial Protection Bureau has extended its deadline for comments on the proposed rule to modernize the Fair Debt Collection Practices Act to Sept. 18, 2019. ACA International has been working diligently to compile feedback and a comprehensive comment letter on the rule proposal through a grassroots advocacy effort. Members may now continue to […]
The Consumer Financial Protection Bureau released the long-awaited Notice of Proposed Rulemaking for the Fair Debt Collection Practices Act today. ACA International’s team is closely analyzing the proposal and will provide initial analysis soon. Please watch your email for our updates on this tremendously important proposed rule. ACA will hold a webinar in the coming […]