By: Robert J. Nahoum THE PROBLEM: Expert Global Solutions and its subsidiaries comprise the largest debt collection operation the world has ever known. With an operation that big swimming in the muck of the consumer debt collection industry, it should come as no surprise that some nasty shenanigans have been going on. What may be surprising is the price-tag attached to […]
- 15 U.S.C. §1692 et. seq.
- Collection Agencies
- Consumer Protection
- debt collection
- debt collector harassment
- Fair Debt Collection Practices Act
World’s Largest Debt Collector Settles Federal Charges and Agrees to Pay $3.2 Million Penalty For Repeated FDCPA Violations
Will Original Creditors Soon Have to Comply With Federal Debt Collection Regulations?
By: Robert J. Nahoum THE PROBLEM: Federal debt collection law known as the Fair Debt Collection Practices Act (FDCPA for short), is designed to prevent debt collectors from using unfair, false, misleading and harassing debt collection tactics. However, the FDCPA generally does not apply to original creditors. In other words, with some exceptions, the banks issuing credit cards, the hospitals extending […]