Debt Collection

National Collegiate Student Loan Trusts to Settle CFPB Allegations of Illegal Debt Collection
National Collegiate Student Loan Trusts to Settle CFPB Allegations of Illegal Debt Collection
January 16, 2025  |  CFPB

The Consumer Financial Protection Bureau (CFPB) and the National Collegiate Student Loan Trusts have filed a proposed stipulated judgment to resolve the regulator’s lawsuit alleging...

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CFPB On Alert for ‘New Sketchy Fee Tactics’ From Companies
CFPB On Alert for ‘New Sketchy Fee Tactics’ From Companies
December 19, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is monitoring the consumer financial marketplace to spot companies’ attempts to charge junk fees in new ways after the regulator...

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CFPB Says Debt Collectors Try to Collect on Already-Paid Medical Bills
CFPB Says Debt Collectors Try to Collect on Already-Paid Medical Bills
September 05, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has found that debt collectors are using illegal tactics, and it is taking steps to ensure they follow consumer financial...

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CFPB Finds Failures in Loan Collection and Medical Credit Cards
CFPB Finds Failures in Loan Collection and Medical Credit Cards
July 02, 2024  |  CFPB

The companies collecting Americans’ student loans, auto loans and medical payments have some work to do. That’s according to a report issued Tuesday (July 2) by the Consumer...

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Small Businesses Owe $59 Billion From COVID Disaster Loans
Small Businesses Owe $59 Billion From COVID Disaster Loans
May 02, 2024  |  Loans

The Small Business Administration (SBA) loaned out $390 billion to keep companies afloat during COVID. Now, many of those small businesses say they are struggling to pay back...

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CFPB Probe Finds Abuse in Auto and Payday Loans
CFPB Probe Finds Abuse in Auto and Payday Loans
July 26, 2023  |  CFPB

America’s consumer watchdog says it’s uncovered deception and abuse in several consumer financial products. The Consumer Financial Protection Bureau (CFPB) released a report Wednesday (July...

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Why Collecting Payments Starts With Better Invoices
Why Collecting Payments Starts With Better Invoices
May 02, 2023  |  SMBs

Cash is the lifeblood of a business, meaning that delayed payments delay growth. Payment defaults are even worse. Today’s turbulent macroclimate has only underscored the...

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CFPB: Veterans at Risk From Errors by Credit Bureaus, Debt Collectors
CFPB: Veterans at Risk From Errors by Credit Bureaus, Debt Collectors
June 13, 2022  |  Personal Finance

Members of the U.S. military are especially vulnerable to erroneous or unscrupulous actions by companies connected with credit ratings and debt collection, the federal Consumer...

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NexaCollect Rolls Out B2B Division For Commercial Debt Collection
NexaCollect Rolls Out B2B Division For Commercial Debt Collection
June 22, 2020  |  B2B Payments

To help firms retrieve funds from past-due invoices, NexaCollect has rolled out a B2B arm that provides information about commercial debt collection, according to an...

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