By Bibek Das Many consumers may be familiar with abusive and harassing tactics which are sometimes used by debt collectors when attempting to collect a debt from a consumer. The Federal Fair Debt Collection Practices Act (“FDCPA”) contains several provisions that regulate the manner and tactics used by debt collectors in collecting debts from consumers. […]
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
Consumer Rights: Debt Collection
By Bibek Das The Federal Fair Debt Collection Practices Act (“FDCPA”) contains several provisions that regulate how debt collectors collect debts from consumers. Under one provision, the FDCPA sets forth the steps a debt collector must take when making initial contact with a consumer (also known as a debtor). The debt collector must give the […]
EXCEPT WHERE INDICATED, THE OPINIONS EXPRESSED ON THIS PAGE ARE NOT NECESSARILY THOSE OF THE MADISON TIMES
Consumer Rights: Debt Collection
The Federal Fair Debt Collection Practices Act (“FDCPA”) offers consumers protection against overly aggressive debt collection actions by debt collectors and debt collection agencies. One manner a consumer may have the right to sue a debt collector under the FDCPA, is when a debt collector, in the course of collecting a debt, makes an illegal […]
Consumer Rights
by Bibek Das, Esq. Owing debt has become synonymous with being an American consumer. Individuals owe debts for many reasons, including unexpected hardships and misinformation. That being said, what individuals may not know is that they have rights that protect them from abusive debt collection practices. Individuals should be aware that State and Federal laws […]
Controversial Debt Buyers Get A Break Under New Wisconsin Law
Backers Say Law Creates Uniformity In Lawsuits But Critics Charge It Makes It Easier For Companies To Collect From Consumers by Bridgit Bowden Last summer, Sandra Goodwin was sued by Jefferson Capital Systems for $5,562 in overdue debt, but Goodwin had never heard of or done business with the company. “The paperwork said I was […]
CFPB Cracks Down on Illegal Debt Collections
By Charlene Crowell NNPA News Wire Columnist As holiday revelers toasted the season, a key federal regulator took two steps to ensure that 2016 would bring an important change for consumers harassed by illegal debt collector actions. On December 16 and its third action against a large national payday lender, the Consumer Financial Protection Bureau […]
Collecting $200 Million from the Debt Collectors
by Charlene Crowell NNPA Columnist At one time or another, many consumers have fallen behind on paying their bills. For the working poor, unemployed and underemployed, the struggle to get out of debt can be a daily challenge. At the same time, there are businesses that exploit others’ financial woes, reaping high profits on debt […]
Debt Collection Report Captures Horror Stories
By Nisa Islam Muhammad June 12, 2015 Nisa Islam Muhammad is Special to the NNPA from The Final Call. A new report by the Center for Responsible Lending has revealed what many consumers have known for years. Debt collectors often cross the line with abusive behaviors. From coercive language to […]
Consumer Complaints Lead to $1.6 Billion in Relief
April 10, 2015 Right now, the bureau is also continuing investigations of major debt collection firms regarding collections practices. (NNPA) — Financial stress can feel like a lonely struggle. But according to a new report by the Consumer Financial Protection Bureau, 460,700 consumers shared many of the same financial concerns […]