ABI

JANUARY 23, 2024

12] Geary is the first case outside of the Fifth Circuit to discuss whether an “innocent spouse” may obtain equitable relief in a bankruptcy forum under section 505(a) of the Bankruptcy Code, and as such it is significant that the reasoning of Pendergraft was not followed. [7] Id. 12] Id. 8] See id. 9] See id.

Debtor 40

Debtor Bankruptcy 40

Collection Industry News

OCTOBER 2, 2023

For example, any rules the CFPB has issued in the past 12 years — whether about credit cards, mortgages, payday loans or debt collection, for example — could be nullified, experts said. In the current case, the CFSA trade group sued the CFPB in 2018, seeking to invalidate a 2017 rule that cracked down on payday lenders.

Government 40

Government Credit Unions Credit Unions Trade 40

ABI

JANUARY 19, 2024

In 2017, Allegiance Bank loaned Burts Construction, Inc. 12] The court distinguished the current case from Nittolo and applied Section 552(a) of the Bankruptcy Code. [13] 12] The court distinguished the current case from Nittolo and applied Section 552(a) of the Bankruptcy Code. [13] the “Debtor”) $1.5 2023) [2] Id. [3]

Secured Creditor 40

Secured Creditor Bankruptcy Debtor Collateral 40

ABI

JANUARY 24, 2024

12] In May 2017, the Debtors’ liquidating plan was confirmed. [13] 12] Id. In the process of making Agent Orange, the Debtors discharged dioxin and other chemicals into the Passaic River, causing environmental damages. [3] 13] It included a settlement with CPG, whereby CPG received an allowed claim of about $14.4 at slip op.

Bankruptcy 40

Bankruptcy Debtor Creditors Government 40

ABI

JANUARY 19, 2024

7] In 2017, Sun Capital caused BWGS and Intermediate Holding to repay the bridge loan in full. [8] 7] In 2017, Sun Capital caused BWGS and Intermediate Holding to repay the bridge loan in full. [8] 12] BMO Harris Bank , 2023 WL 320113, at *3. [13] (“BMO”) provided a bridge loan (“the Bridge Loan”) to Intermediate Holding. [6]

Bankruptcy 40

Bankruptcy Financial Institution Loans Banks 40

ABI

JANUARY 13, 2022

12]. Ultimately, the court found that Pizzo’s plan was proposed in good faith.” [13] 16-CV-62900, 2017 WL 4348897, at *8 (S.D. 29, 2017). [13] 9] The court acknowledged that “good faith is an independent requirement for confirmation of a Chapter 13 plan.” [10] 15]. [10] Id. citing 11 U.S.C.

Debtor 40

Debtor Creditors Unsecured Creditor Chapter 7 bankruptcy 40

Consumer Financial Services Law

MARCH 14, 2017

In a brief opinion, the Eleventh Circuit recently examined Regulation X’s requirement that a loan servicer provide a written response acknowledging receipt of a written request for information (“RFI”) pursuant to 12 C.F.R. Ocwen Loan Servicing , 2017 U.S. In Meeks v. LEXIS 3677 (11th Cir.

Loans 40

Loans 40

Burr Forman

DECEMBER 16, 2021

Finalists and winners were honored at a December 12, 2021 event at Protective Stadium and in a special section published on December 13. Christian was named CEO of Burr & Forman in January 2017 and has led the firm through significant growth marked by strong financial performance and growth of key legal talent.

Manufacturing 52

Manufacturing Acquisition Law Firms Government 52

Collection Industry News

MAY 9, 2022

In a related action on April 12, CFPB sued TransUnion and its CEO with charges of multiple violations, including: Ignoring the agency’s 2017 enforcement order, and instead continuing to engage in deceptive conduct in both its marketing and sales; Cheating consumers in the sale of its products, services and subscriptions; and.

Financial services 40

Financial services Construction Credit Bureau Lender 40

UK debt collections

MARCH 31, 2021

from investors between February 2017 and January 2018. Sanjiv Varma has been banned as a company director for 13 years, while his fellow director, Jonathan England, has been disqualified for 12 years. Bankrupts are usually put under restrictions for 12 months.

Bankruptcy 59

Bankruptcy Creditors Lender Trade 59

Troutman Sanders

JANUARY 17, 2023

In the complaint , which was filed in the district court for the Central District of California on January 12, 2023, the DOJ alleged that from 2017 through 2020, the bank “avoided” providing mortgage lending services to majority-Black and Hispanic neighborhoods in Los Angeles County.

Banks 52

Banks Loans Lender Education 52

Collection Industry News

OCTOBER 10, 2022

According to the CFPB, MoneyLion has offered loans since 2017 that consumers can access through its website and mobile app by enrolling in membership programs and paying monthly membership fees. 12 U.S.C. §§ 5531, 5536(a). 987(e)(3) and 32 C.F.R.

Lender 40

Lender Loans Consumer Credit Creditors 40

Fico Collections

NOVEMBER 21, 2022

Fri, 06/03/2022 - 12:24. Darryl Knopp rejoined FICO in June 2017 as a Senior Director and led the FICO Advisors Digital Practice before being named to run portfolio marketing for FICO's applications. asokolowski. by Darryl Knopp. expand_less Back To Top. Mon, 11/21/2022 - 20:30. Darryl Knopp.

Financial Institution 52

Financial Institution Retail Government 52

Troutman Sanders

MARCH 24, 2023

the Bureau initially served a civil investigative demand (CID) on a law firm specializing in debt collection in 2017. Congress also limited the amount of funding the CFPB can draw from the Federal Reserve System to 12% of the Federal Reserve System’s 2009 Operating Expenses. Law Offices of Crystal Moroney, P.C. ,

Law Firms 52

Law Firms Financial services Government Collections 52

Public Citizen

JUNE 29, 2021

Here is the abstract: Utilizing data from surveys of mass-market consumer fraud sponsored by the Federal Trade Commission in 2005, 2011, and 2017, this paper explores whether victims of such mass-market consumer frauds complain to anyone beyond their families and friends about being victimized, and if they do complain, to whom they complain.

Government 80

Government Manufacturing Trade Banks 80

Collection Industry News

OCTOBER 18, 2021

The rule under appeal is a slimmed-down version of regulations first issued in October 2017 by former Director Richard Cordray, an Obama appointee. The district court judge rejected the industry’s motion to stay the regulation while the trade groups appealed his ruling to the Fifth Circuit. Chopra was sworn into his post on Oct.

Lender 40

Lender Trade Banks Loans 40

PBWT

APRIL 6, 2021

In 2017, the debtor filed chapter 11, following years of ultimately unsuccessful litigation stemming, in part, from the co-trustees’ meritorious countersuit. It is well-settled that if you are a debtor in chapter 11, you do not have the unfettered right to convert the case to a chapter 7 liquidation. 20-33, 2021 WL 941435 (B.A.P.

Unsecured Creditor 65

Unsecured Creditor Debtor Bankruptcy Creditors 65

Fraser

MARCH 25, 2021

EFMLA also gets rid of the first 10 days of unpaid leave, starts paid leave immediately, and increases the maximum paid leave over 12 weeks from $10,000 to $12,000. Contact her for more information on this reminder or other matters at 517.377.0826 or elatchana@fraserlawfirm.com.

Lawyers 76

Lawyers Banks Government 76

ABI

JANUARY 12, 2022

2] On September 15, 2017, Aerogroup filed a voluntary petition for relief under Chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) with the Delaware Bankruptcy Court. [3] Aerogroup”). [2] 6] Following the sale of Aerogroup’s assets, the bankruptcy court dismissed Aerogroup’s chapter 11 case. 9] Schwartz, No.

Collateral 40

Collateral Bankruptcy Lender Loans 40

Fico Collections

AUGUST 8, 2022

Thu, 05/12/2022 - 07:46. Links to all of my predictions blogs since 2017 are at the end of this blog.) Follow me on LinkedIn and on Twitter @ScottZoldi , and check out my past AI predictions blogs for 2021 , 2020 , 2019 , 2018 and 2017. Saxon Shirley. by Scott Zoldi. expand_less Back To Top. Mon, 08/08/2022 - 15:30.

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Consumer Financial Services Law

FEBRUARY 13, 2017

A case that has been removed to federal court from state court is not a good candidate for a motion under Rule 12(b)(1) as the likely result, as seen in May , is a remand to state court. Consumer Adjustment Co., the consumer filed an FDCPA complaint is state court alleging that the initial demand letter violated 15 U.S.C. LEXIS 7401 (E.D.

Accrued Interest 40

Accrued Interest Debt collector Collections 40

Consumer Financial Services Law

JUNE 7, 2017

June 1, 2017), the consumer sought to assert an FDCPA claim against a law firm, contending that the law firm attempted to collect a debt arising out of a state court judgment by demanding payment of an incorrect sum based on the calculation of an interest rate not authorized by law. In Ben-Davies v. Blibaum & Associates, P.A.,

Law Firms 40

Law Firms Judgment Collections 40

ABI

JANUARY 12, 2022

1] In March 2017, Westinghouse Electric Co., 12] According to the Third Circuit, post-petition employment discrimination claims are “actual and necessary” administration expenses, because such claims are a “cost[] ordinarily incident to operation of a business.” [13] Westinghouse Electric Co., Westinghouse Electric Co., 30, 2021). [2]

Bankruptcy 40

Bankruptcy Creditors Judgment Debtor 40

ABI

JANUARY 12, 2022

Nitka earned $61,901 in 2015 and made no payments; $83,000 in 2016 and only paid $130.92; $31,000 in 2017 and paid $109; and $8,000 in 2018 and made no payments towards his loan. at *10–11. [ix] at *12­–13. Nitka was unable to satisfy the second element, thus the Tenth Circuit granted summary judgment for the Department of Education.

Student loans 40

Student loans Student Loans Loans Bankruptcy 40

ABI

JANUARY 19, 2024

12] The Trustee filed a complaint in the Bankruptcy Court for the Southern District of New York alleging that Tilton breached her fiduciary duty to TransCare by engaging in a self-interested transaction and the foreclosure on TransCare’s assets was an actual fraudulent conveyance. [13] 2017); Brown v. 30] [1] 11 U.S.C. § at 45–46. [8]

Bankruptcy 40

Bankruptcy Creditors Foreclosure Banks 40

Fraser

JANUARY 21, 2022

Reimbursement of tests from non-preferred pharmacies or other retailers may be limited to no less than the actual price, or $12 per test (whichever is lower); however plans and insurers may elect to provide more generous reimbursement up to the actual price of the test.

Retail 52

Retail Lawyers Collections 52

Troutman Sanders

MARCH 2, 2021

A federal judge granted summary judgment on February 12 to DirecTV, LLC (DirecTV), holding it was not liable under the Telephone Consumer Protection Act (TCPA) for unsolicited telemarketing calls placed by a third-party vendor because DirecTV had clearly instructed the vendor not to make any cold calls. The class action, Cordoba et al.

Judgment 52

Judgment Retail 52

Credit Corp

FEBRUARY 24, 2021

Education is normally a relatively small discretionary spending item (about 7% of discretionary spending in 2019), and it often includes both K-12 education as well as spending on college, training, and employment services. It’s also worth noting that only around 8% of K-12 public school spending across the country is federal.

Education 100

Education Government 100

Consumer Financial Services Law

MARCH 5, 2018

The bill, which is officially entitled “Protecting Consumers’ Access to Credit Act of 2017,” is a response to the Second Circuit’s decision in Madden v. Under the National Bank Act, 12 U.S.C. § 3299 would add the following language to 12 U.S.C. § Midland Funding, LLC , 786 F.3d 3d 246 (2nd Cir. 2015), cert denied , U.S. ,

Banks 40

Banks Loans Financial services 40

Collection Industry News

MAY 24, 2021

3d 683, 691 (2017) (“ ACICS ”). The CFPA mandates that CIDs issued by the CFPB must state “the nature of the conduct constituting the alleged violation which is under investigation and the provision of law applicable to such violation.” Accrediting Council for Indep. & Sch. , In that case, the D.C.

Consumer Credit 40

Consumer Credit Loans Collections 40

Troutman Sanders

AUGUST 22, 2022

District Court of the Western District of Washington against the founder of three crypto-related companies and the companies themselves, alleging that in 2017, the defendants conducted an unregistered crypto asset securities offering in violation of Sections 5(a) and (c) of the Securities Act of 1933. For more information, click here.

Financial services 52

Financial services Financial Institution Trade Banks 52

Burr Forman

MARCH 23, 2021

12] Ultimately, the Court found that California appropriately had specific personal jurisdiction over the insurance company because it had allegedly violated its contractual duties to the Plaintiff and such breach occurred in California. [13]. N19C-12-242 (Del. 2d 395 (2017)). [5] Download PDF. [1] 1] 564 U.S. 915, 919 (2011).

Auto Insurance 52

Auto Insurance 52

PBWT

JULY 1, 2020

LEXIS 18544, at *12-13 (S.D. 2017 Bankr. 12, 2017) ( C reditor enjoined from drawing on letter of credit where contract required creditor to terminate before drawing and such termination was barred by the automatic stay). 3] In re Circuit City Stores, Inc. 2016 Bankr. LEXIS 1896, at *201 (Bankr.

Bankruptcy 40

Bankruptcy Debtor Creditors Retail 40

Troutman Sanders

DECEMBER 20, 2022

On December 12, the CFPB issued a proposed rule, requiring certain nonbank financial firms to register with the CFPB when those entities become subject to certain local, state, or federal consumer protection agency or court orders. On December 12, the U.S. For more information, click here. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Loans 52

Troutman Sanders

JANUARY 17, 2024

According to the AG’s investigation, several of the servicer’s communications with borrowers between 2013 and 2017 did not comply with federal regulations, in violation of consumer protection law. On January 12, New York Department of Financial Services (NYDFS) Superintendent Adrienne A. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Trade 52

Fraser

JANUARY 11, 2022

Unless subject to an exemption, employers must report the aggregate cost of employer-sponsored health coverage provided in 2021 on their employees’ Form W-2 (Code DD in Box 12) issued in January 2022. Please see IRS Notice 2012-09 and our previous e-mail alerts for more information.

Lawyers 52

Lawyers 52

Collection Industry News

FEBRUARY 17, 2024

From 2024 to 2034, the United States will spend more than $12 trillion alone on interest costs. Interest rates have surged to two-decade highs over the past year, making borrowing costs an increasingly significant contributor to the national debt. Starting next year, net interest costs will be larger as a share of the U.S.

Manufacturing 40

Manufacturing Government Collections 40