consumer debt collection rights

e-sign disclosure signature paper and pen
What Are the Required E-Sign Disclosures for Debt Collectors?
E-Sign Disclosures for Debt Collectors are required in order to obtain the consumer’s consent and to be in compliance with the E-Sign Act. Here are the required disclosures.
What you need to know about Medical Debt Collection in 2015
As 2014 came to a close there was a CFPB field hearing in Oklahoma City on December 11, 2014. The main purpose of this hearing was to address medical debt collection practices and the relationship between medical debt collection practices and consumer credit reporting.   CFPB Director Richard Cordray shared the Bureau’s position that problems ...
Massachusetts Division of Banks clarifies that a written request from the consumer would not be necessary to initiate an obligation of response.
The Massachusetts Division of Banks clarified in a July 18, 2014 written opinion that a debt collector’s receipt of an oral request for records is sufficient to trigger the “five business day” period set forth in the Division’s validation of debt rule in Section 18.18(3). Section 18.18 of the Division’s Conduct of the Business of ...
Consumer Rights in Debt Collection
In today’s economy, debt is a fact of life for millions of people. This is evidence by statistics such as those from a Corporation for Enterprise Development study, which shows that 44 percent of Americans have less than three months’ worth of savings. Statistics like this make it imperative to keep people informed about their ...