California SB 616 Makes It Harder for Collectors to Enforce Judgments
The bill, initially introduced February 2019 by Senator Bob Wieckowski (D-Fremont), creates an automatic exemption for the first $1,724 in a consumer’s bank account for bank levies. The result: collectors may have a harder time collecting on judgments …
$267M Verdict Highlights TCPA Risks in Calling Skip Traced Numbers
On September 9, 2019, the judge entered a final judgment in the TCPA case, McMillion v. Rash Curtis & Associates, 4:16-cv-03396 (N.D. Cal.) to the tune of a whopping $267 million.The verdict, issued by the jury in June 2019, determined that over 534,000 calls using auto dialers …
What the Small Business Reorganization Act of 2019 Means for Creditors
On August 23, 2019, the Small Business Reorganization Act of 2019 (SBRA) was signed into law, creating “Subchapter V” in Chapter 11 of the Bankruptcy Code as part of an effort to streamline the structuring process for small businesses (defined as those whose total noncontingent liquidated secured and …
New CA Law Prohibits Withholding Transcripts as Debt Collection Tool
On October 4, 2019, California Governor Gavin Newsom signed into law Assembly Bill 1313, prohibiting postsecondary schools in the state from withholding transcripts as a debt collection tool. The new law goes into effect January 1, 2020 …
What You Need to Know About the CCPA (Even if You’re Not in CA)
Introduced as Assembly Bill 375 and signed into law on June 28, 2018, the California Consumer Privacy Act (CCPA) provides consumers with groundbreaking new rights on the use of their personal information, effective January 1, 2020 …
Cedar Financial “Collects” Wishes for Kids in Need
It’s the season of giving, and while debt collectors are often portrayed as heartless or uncaring, the team at Cedar Financial is bucking that trend by Putting People First this Holiday Season and all year ‘round.
Cedar Financial Helps Debtors and Organizations Weather COVID-19
CALABASAS, Calif., April 3, 2020 – On the outskirts of Los Angeles County in California, the parking lot of Cedar Financial’s Calabasas headquarters is eerily empty. Without the steady rumble of cars of passing by on the 101 freeway, it’s actually somewhat serene.
3 Things Consumers Want Debt Collectors to Know
How Putting People First can help you achieve better collections success
Many people struggling with debt are afraid to answer the phone because of debt collectors. Stories abound online of aggressive debt collection tactics, deceptive debt collectors and debt collection scams.
COVID-19 Credit Reporting Guidance From the CFPB
As the Coronavirus pandemic continues to impact consumers and businesses around the world, many U.S. creditors are wondering whether to continue reporting delinquent payments to the credit bureaus.
The short answer is: Yes – but with flexibility built in.
How Debt Collectors Are Supporting Consumers During COVID-19
Right now, many businesses depend on every payment to keep them afloat. That means timely debt recovery is more important than ever.
However, insensitive collection attempts can alienate customers, increase complaints and harm your hard-earned reputation, hurting your business.