Debt Collection
Government Makes Changes to Law To Regulate Debt Settlement Industry

{March 3, 2015} Today, the provincial government announced draft legislative amendments to BC’s Business Practices and Consumer Protection Act (specifically Part 7 related to debt collection and debt pooling).

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Reconsideration Notice: Administrative Penalty, Compliance Order varied for BC collection agency

{Jan. 28, 2015} VICTORIA, BC – Consumer Protection BC has completed a reconsideration of a June 2014 Administrative Penalty and Compliance Order issued against CBV Collection Services Ltd. (CBV), a licensed debt collection company. After reconsidering the original findings, Consumer Protection BC has modified parts of the Administrative Penalty and Compliance Order.

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Reconsideration Notice: Administrative Penalty varied for BC collection agency

{Dec. 29, 2014} VICTORIA, BC – Consumer Protection BC has completed a reconsideration of a previous decision that resulted in an Administrative Penalty issued against CBV Collection Services Ltd. (CBV), a licensed debt collection company. After a reconsideration of the original findings, Consumer Protection BC has reduced the amount of the Administrative Penalty from $7,100 to $2,500.

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Richmond-based debt collector faces penalty, ordered to comply with the law

{Nov. 4, 2014} VICTORIA, BC – Consumer Protection BC has issued a Compliance Order and a $2,400 Administrative Penalty against Fraser Collection Services Ltd., a licensed debt collection company, for violating BC’s consumer protection laws.

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Can a debt collector call you at work? Top 3 eye-opening facts about debt collection in BC

(Oct. 27, 2014) VICTORIA, BC – With Financial Literacy Month set to kick off on Nov. 1, Consumer Protection BC is sharing three little-known facts about what debt collectors are (and aren’t) allowed to do when collecting debts from BC consumers.

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Chilliwack, BC debt pooler shut down; Consumer Protection BC asks impacted clients to come forward

{March 25, 2014} VICTORIA, BC – Following an investigation into a licensed Chilliwack, BC-based debt pooler, Consumer Protection BC is requesting all consumers financially impacted by the business practices of Options Credit Services Canada Ltd. to come forward.

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