PYMNTS-MonitorEdge-May-2024

Debt Collection

FTC Returns Funds to Debt Collection Scheme Victims
FTC Returns Funds to Debt Collection Scheme Victims
March 31, 2017  |  Debt

Anyone who’s ever been strapped for cash and looking for a small loan to tide them over until payday has likely turned to debt collection businesses....

READ MORE >
FTC Says It Filed 12 Cases Against Illegal Debt Collection Practices In 2016
FTC Says It Filed 12 Cases Against Illegal Debt Collection Practices In 2016
February 15, 2017  |  Regulation

The Federal Trade Commission on Tuesday (Feb. 14) laid out how it fought back against illegal debt collection practices in 2016 in its report to...

READ MORE >
A Kinder, Gentler Debt Collector?
A Kinder, Gentler Debt Collector?
January 10, 2017  |  Innovation

They say that necessity is the mother of invention. “I came from a poor immigrant background,” said Hanif Joshaghani, cofounder and CEO of Canadian FinTech...

READ MORE >
Debt Collection Practices No. 1 Consumer Complaint In November
Debt Collection Practices No. 1 Consumer Complaint In November
December 28, 2016  |  CFPB

When it comes to complaints lodged with the Consumer Financial Protection Bureau about debt collection, the government agency said attempts to collect debt on money...

READ MORE >
CFPB Uncovers Remittance Transfer Violations
CFPB Uncovers Remittance Transfer Violations
March 09, 2016  |  CFPB

The Consumer Financial Protection Bureau said on Tuesday (March 8) that it has released its latest supervision report, and its review of both banks and...

READ MORE >
Debt Collection Tops ID Theft On FTC Complaint List
Debt Collection Tops ID Theft On FTC Complaint List
March 02, 2016  |  Security & Fraud

Among the key subjects of complaints that washed over the Federal Trade Commission’s Consumer Sentinel Network last year included debt collection, identity theft and scams...

READ MORE >