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Debt Collection News:

Collection Agency Picked On the Wrong Lou Correa - Fog City Journal

Fog City Journal

Collection Agency Picked On the Wrong Lou Correa
Fog City Journal
Sear's billing department had handed the original debt off to LVNV Funding LLC, a debt-collection clearinghouse, which in turn hired the Brachfield Law Group to collect the actual debt. Brachfield sent numerous letters to Luis Correa that went .

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New Study Shows Third-Party Debt Collection Substantially Impacts Wisconsin's Economy
MADISON, Wis., Feb. 1, 2012 /PRNewswire-USNewswire/ -- Third-party debt collection has an important impact on America's and Wisconsin's economies, according to a new study by ACA International and global advisory firm Ernst and Young (www.acainternational.org/impact) based on 2010 data...

Market Wire - Prospect Capital and Other Shareholders Enter Into Definitive Agreement to Sell NRG, With Prospect Expected to Receive up to $114 Million in Cash, a 59% or Greater Overall Internal Rate of Return, and Approximately $30 Million of Investment Income
January 23, 2012 -- Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect") announced today that Prospect and other third-party shareholders have executed a...

New Study Shows Third-Party Debt Collection Substantially Impacts Massachusetts' Economy
BOSTON, Feb. 1, 2012 /PRNewswire-USNewswire/ -- Third-party debt collection has an important impact on America's and Massachusetts' economies, according to a new study by ACA International and global advisory firm Ernst and Young (www.acainternational.org/impact) based on 2010 data...

FTC Fines a Collector of Debt $2.5 Million - New York Times

The Consumerist

FTC Fines a Collector of Debt $2.5 Million
New York Times
The Federal Trade Commission signaled on Monday that it would continue to crack down on debt collectors who harass consumers for money they may not even be legally obligated to pay. In the second-largest penalty ever levied on a debt collector, .
FTC Fines Debt Collector $2.5 Million For Deceiving ConsumersThe Consumerist
Asset Acceptance, a debt-buying agency, to pay $2.5 million in FTC settlementWashington Post
Debt Collector Reaches $2.5 Million Settlement With FTC Over Deceptive PracticesThink Relief Blog (blog)
TIME
all 18 news articles »

New Study Shows Third-Party Debt Collection Positively Impacts Louisiana's Economy - Sacramento Bee

New Study Shows Third-Party Debt Collection Positively Impacts Louisiana's Economy
Sacramento Bee
By Louisiana Collectors Association BATON ROUGE, La., Feb. 1, 2012 -- /PRNewswire-USNewswire/ -- Third-party debt collection has an important impact on America's and Louisiana's economies, according to a new study by ACA International and global .

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Data theft leads to debt collector's license suspension - Minneapolis Star Tribune

Data theft leads to debt collector's license suspension
Minneapolis Star Tribune
Minnesota has suspended the debt collections license of an Illinois company that lost a laptop computer containing medical records of thousands of patients at Fairview and North Memorial hospitals last summer. Accretive Health Inc. is also being sued .
Commerce pulls license of collections firm in stolen-laptop casePioneer Press
Minnesota AG sues business associate for loss of patient data stored on laptopLexology (registration)

all 4 news articles »

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