Industries Served
New York State Enacts New Debt Collection Rules
The New York State Department of Financial Services (NYSDFS) announced in the State Register, the adoption of a final rule regulating debt collection practices in the state of New York. These newly enacted debt collection regulations [...]
Revealing Account Number Violates Fair Debt Collection Law
Complying with the Fair Debt Collection Practices ActThe Third Circuit Court of Appeals said that a collection agency violated the Fair Debt Collection Practices Act (FDCPA) when it sent a collection letter with the debtor’s account number [...]
Yonkers, NY, Now Enforcing Debt Collection License Requirement
If you have debtors whose residence is in Yonkers, NY please make note of this existing license requirement. Recently the City of Yonkers, NY has begun enforcing their requirement for debt collectors to obtain a license [...]
Licensing Changes in Tennessee and Louisiana to effect ARM Companies
Recently two sign laws have changed licensing for ARM companies in Tennessee and Louisiana. One seems to be a positive change for passive debt buyers while the other being more neutral but could impact the clients [...]
West Virginia to Require New Disclosure for Out-of-Statute Debts
[alert type="error" close="false"]Effective June, 6, 2014, debt collectors will need to update collection letters to comply with new notice requirements when pursuing debts that are beyond the statute of limitations, including informing the consumer that the [...]
Wisconsin State Special Text Requirement for Collection Notices
[alert type="error" close="false"]Update to Wisconsin State Special Text Requirement for Collection Notices - New notice requirements effective April 1, 2014.[/alert] Debt collectors licensed in Wisconsin will need to make modifications to their collection letters to accommodate [...]
