Debt Collection

The proposed legislation also includes a ban on foreclosure and debt collection as well as direct payments. The post House Committee Proposes Debt Collection Prevention appeared first on DSNews.

According to the Eleventh Circuit Court of Appeals, as a loan originator was collecting its own debt and not the debt of others, it did not qualify as a debt collector. The post Court: Loan Originator is Not a Debt Collector appeared first on DSNews.

The rulemaking prohibits collectors from using non-litigation means (such as calls) to collect on time-barred debt unless collectors disclose that the debt is time-barred. The post CFPB Proposes Time-Barred Debt Collection Regulation Changes appeared first on DSNews.