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FTC Permanently Shuts Down Debt Collection Business At the request of the Federal Trade Commission, a U.S. district court has closed the Texas-based company after it allegedly used deception, insults, and false threats against consumers. The operation also charged unauthorized fees and the owner will surrender his assets. The owner of a Houston-based debt collection operation that the Federal Trade......

ACA Urges Support of Bill Encouraging U.S. Treasury to Privatize IRS Tax Collection A private and public partnership to recover taxpayers’ debt is an efficient alternative to prevent government program cuts or tax increases to make up for losses. ACA International, on behalf of third-party debt collection agencies in the U.S., is supporting legislation that would require the U.S. Department......

ACA Urges Support of Bill Encouraging U.S. Treasury to Privatize IRS Tax Collection A private and public partnership to recover taxpayers’ debt is an efficient alternative to prevent government program cuts or tax increases to make up for losses. ACA International, on behalf of third-party debt collection agencies in the U.S., is supporting legislation that would require the U.S. Department......

Bailiff powers in England and Wales cut under new laws Restrictions on entering homes and seizing propery are praised by campaigners who say industry is rife with abuses Bailiffs are to be banned from entering homes at night and from using physical force against debtors under new laws coming into effect this weekend. Further changes will also prevent enforcement agents......

According to the data of the Federal Tax Service over the  past year 2013, the amount of insolvent legal persons and individual entrepreneurs reduced by 4% in comparison with the year 2012 and made 11,3 thousands bankruptcies. Total in 2013 there were registered about 540 000 legal entities in Russia, that is by 23% more, than in 2012. By that the......

Now also company profiles for China available Now also company profiles for South Korea available Now also address tracing for Spain available Now also trade register research for Hong Kong available Now also address determination for Poland available Now also of land register excerpts for Singapore available Now also of land register excerpts for Luxembourg available Now also address tracing......

CFPB Reports on Debt Collection Complaints The Consumer Financial Protection Bureau report includes top complaints from consumers received by the bureau since July 2013. Companies have already responded to 82 percent of the complaints. On March 20, 2014, the Consumer Financial Protection Bureau issued a report on the more than 30,000 consumer complaints it has received about the debt collection......

ARMing Heroes Celebrates Five Years Helping Veterans Collection industry charity has donated more than $100,000 to military veterans in need since its inception in 2009. ARMing Heroes, the collection industry’s charity for military veterans, reached a major milestone this month, celebrating five years of helping vets struggling with financial problems. Since its inception in March 2009, donors have generously donated......

Consumer Debt in Canada Remains Flat Canadians depended less on credit during the holiday season, a time of year when debt usually increases, and delinquency rates are declining. Average consumer debt in Canada remained nearly the same between the third and fourth quarters of 2013, according to new data from TransUnion. The third to fourth quarter increase in consumer debt to end......

Credit Card Delinquency Rates Remain Low Despite a slight increase at the end of 2013 due to holiday spending, the number of delinquent borrowers and the size of their balances continue to decline. Credit card delinquency rates continue to linger near historic lows, especially after a decline in debt from 2012 to 2013, according to new data from TransUnion. The rates, calculated......