Collection Industry News

OCTOBER 17, 2022

On October 10, the North Carolina attorney general announced a consent judgment with the president and CEO of two debt collection companies (collectively, “defendants”). Buckley LLP, October 16, 2022. According to the AG, in 2019, the AG sued the defendants for allegedly engaging in illegal debt collection practices.

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PBWT

MARCH 3, 2022

The Judicial Conference imposed such a requirement and from 2002 until January 1, 2018, all chapter 11 debtors paid fees according to the same disbursement formula. In September 2018, the Judicial Conference applied the increase to bankruptcy cases filed in Bankruptcy Administrator districts on or after October 1, 2018.

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Credit Corp

MARCH 6, 2023

Originally published December 5th, 2018. The post 10 Reasons Why You Should Sign Up for Credit Repair Today appeared first on Credit.com. Purchase a Home Do you have a long-term goal of purchasing a home? If so, your credit score is extremely important.

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Troutman Sanders

JUNE 12, 2023

Under the terms of the consent order , the collector agreed to: Not make any representation that a consumer owes a debt or as to the amount owed, including by sending collection letters, unless it can substantiate the representation.

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Burr Forman

MAY 19, 2021

This latter sale of lien system was used for the first time in 2019 after legislative changes to the system in 2018. The sale of land system, which is established in Alabama Code §§ 40-10-1 through 40-10-143, is the system historically used by all Alabama counties until 2019 when several counties adopted the revised sale of lien system.

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PBWT

NOVEMBER 30, 2022

Fitzgerald , the Supreme Court decision last June that invalidated the 2018 difference in fees between bankruptcy cases filed in Bankruptcy Administrator judicial districts and U.S. On November 10, the Second Circuit issued an amended opinion in Clinton Nurseries in light of Siegel. We have previously blogged about Siegel v.

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Burr Forman

MARCH 23, 2021

Under the ARPA, underfunded single employer plans may amortize underfunding over an extended period of 15 plan years, rather than seven as previously allowed, for plan years beginning after December 31, 2021 or if the plan sponsor elects, plan year beginning after December 31, 2018, 2019, or 2020.

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Credit Corp

DECEMBER 12, 2022

It’s called the saver’s credit, and it started in 2018. Depending on how much you make, you may be able to get a nonrefundable credit for 10%, 20% or 50% of qualified contributions you made to retirement funds within the tax year. Wondering if you qualify? How Much Is the Saver’s Credit? Source: IRS.gov.

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ABI

JANUARY 12, 2022

2] Thereafter, the New York Bankruptcy Court confirmed Westinghouse’s Plan [3] and Westinghouse gave notice to creditors that the Plan became effective on August 1, 2018 and that the deadline for filing administrative expense claims against Westinghouse was August 31, 2018. [4] Westinghouse Electric Co., Westinghouse Electric Co.,

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Fico Collections

MARCH 21, 2023

Here are a few key takeaways about how the secondary market sees the overall state of the economy, the role of credit scores in securitization, and the upcoming transition to FICO® Score 10 T in the conforming mortgage market. Secondary mortgage market participants expect a U.S. recession in 2023. Prior to joining FICO, Ms.

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Credit Corp

AUGUST 4, 2021

According to the Organization for Economic Co-operation and Development’s 2018 Program for International Student Assessment survey , young people’s aspirations haven’t really changed since the turn of the century. Fast forward to 2018, and 6.7% Fast forward to 2018, and 6.7% In 2018, 9.4% Back in 2000, 6.8%

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Troutman Sanders

AUGUST 30, 2021

On May 2, 2018, Lupia sent Medicredit a letter disputing the debt and demanding that it stop calling her. Although the letter was received on May 7, 2018, it was not entered into Medicredit’s system until May 10, 2018. (Medicredit), contacted plaintiff Elizabeth Lupia regarding unpaid medical bills.

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Fico Collections

APRIL 19, 2023

It was 18 percent higher in 2018. It was 66 percent higher in February 2018. In comparison, the average Established cards balances at risk was 47 percent higher than all vintages in 2018. Home Blog FICO UK Credit Cards: Are "Established" Accounts in Trouble? It was 53 percent higher five years ago.

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Troutman Sanders

OCTOBER 2, 2023

Under the Durbin Amendment to the Dodd-Frank Act, the Board is tasked with capping interchange fees for banks with over $10 billion in assets at a cost that is “reasonable and proportional to the cost incurred” by the bank. Corner Post is a truck stop and convenience store in North Dakota that opened its doors in March 2018.

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ABI

JANUARY 22, 2023

4] In January 2018, Bayview obtained a judgment in the state foreclosure action and the LLC and Fogarty were each named as defendants. [5] 5] The judgment authorized a sale of the Property on April 17, 2018. [6] 10] According to Bayview, the LLC itself needed to file for bankruptcy for the stay to go into effect. 10] Id. [11]

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UK debt collections

DECEMBER 13, 2022

A report from Citizens Advice in 2018 found that of 2.2 Another common complaint was bailiffs taking exempt items and goods, with one in 10 people contacted by bailiffs having equipment required for their work seized. There has been instances of rogue debt collection agencies also over the years. Instances of Bailiff poor practice.

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ABI

JANUARY 23, 2024

2] In Geary vs. United States ( In re Geary ), the debtor sought a determination under section 505 of the Bankruptcy Code that she owed no taxes for the years 2015 through 2018 as an innocent spouse contemplated by the Internal Revenue Code. [3] at 488–89 (citing Pendergraft v. 16-33506, WL 1091935 at *3 (Bankr. 9] See id.

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Fico Collections

JANUARY 5, 2023

The UltraFICO® Score , which debuted as a pilot program in partnership with Finicity and Experian in the fall of 2018, considers an individual’s consumer-permissioned checking and savings account data to enhance their FICO® Score. We found that approximately 7 out of 10 consumers in the U.S. Prior to joining FICO, Ms. See all Posts.

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ABI

JANUARY 12, 2022

1] The increased fees became payable to the United States Trustee in all Chapter 11 cases pending in the districts under the supervision of the US Trustee as of January 1, 2018, or commenced thereafter. [2] 10] The court however did not find that the 2017 Amendment violated any retroactivity principles of the Constitution. [11]

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Credit Corp

MARCH 21, 2023

Year (Q4) Direct loans (in millions) Federal Family Education Loans (FFEL) (in millions) Perkins loans (in millions) Total (in millions) 2018 34.2 Department of Education As you can see, more people are accumulating different types of federal student loans, with a one-and-a-half percent increase in recipients between 2018 and 2022.

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UK debt collections

JUNE 8, 2021

A Scam Debt Collection Agency Boss has been sent to prison for 4 years and 10 months. He was originally charged with fraudulent trading and perverting the course of justice in 2018. This company was wound up in April 2018.

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ABI

JANUARY 12, 2022

In 2018, Ward owed $160 to Stonecrest Medical Center. [4] 10] Ward appealed the district court’s decision. [11] 10] Ward appealed the district court’s decision. [11] On October 3, 2018, NPAS sent Ward the first billing statement regarding the payment of the July treatment. On October 24, 2018, NPAS left a voice message.

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ABI

JANUARY 19, 2024

In 2018, Sears, Roebuck and Co. 10] The Second Circuit affirmed that section 363(m) amounted to a jurisdictional provision, and the Supreme Court granted certiorari. [11] 4] Transform thereafter designated the MOA Lease for assignment to its wholly owned subsidiary. 927, 933 (2023). [4] internal quotations omitted). [14] 17] See id.

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ABI

JANUARY 13, 2021

10] A bad faith filing of a bankruptcy petition is cause for dismissal. [11] 10, 2020). [2] 10] 11 U.S.C. 1112(b) (2018). [11] 1112(b) (2018). [13] 363(f) (2018). [22] (the “Debtor”) operated a motel until 2015, when it began to develop plans to demolish the property and build an upgraded motel. [2]

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Troutman Sanders

NOVEMBER 12, 2021

The husband sued the Firm, accusing it of violating Sections 1692e(2), 1692e(5), 1692e(10), and 1692f(1) of the FDCPA for taking action to collect a debt for which the Firm knew the husband was not responsible and because the statute of limitations had expired. The husband then claimed that his ex-wife incurred the debt after they separated.

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Jimerson Firm

FEBRUARY 1, 2024

2d 10, 13 (Fla. 3d DCA 2018) (quotations omitted). Equity Contracting Co. , 2d 383, 385 (Fla. 4th DCA 1997). Express contracts and contracts implied in fact require the assent of the parties”. Great Lakes Chemical Co. , All Star Boxing, Inc. , 3d 508, 512 (Fla.

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UK debt collections

FEBRUARY 15, 2022

RKAL, which was established in 2015, presented itself as a turnaround or recovery service , and promised companies in financial difficulties that it would enable them to wipe their business debts and avoid formal insolvency proceedings, for a fee of between £5,000 and 10% of the failing company’s total liabilities.

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Fraser

NOVEMBER 11, 2022

While adult-use recreational marijuana passed the ballot in 2018, each individual municipality has the control to allow adult-use recreational marijuana businesses to operate in their community. This election cycle saw numerous municipalities vote on this issue.

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ABI

JANUARY 20, 2020

8] However, between June 25 and July 31 of 2018, Parkland’s communication was sparse. [9] 9] During that time, Bridgeview sent several drafts of the loan document to be reviewed by Parkland, and requested a closing date of July 31, 2018. [10] 10] Parkland failed to respond to these requests. [11] Ill July 16, 2019). [2]

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Collection Industry News

MAY 16, 2022

Federal student loan interest rates are tied to the 10-year Treasury note and determined using a formula set by federal law. After Wednesday’s 10-year Treasury note auction, interest rates are set to rise for the 2022-23 academic year. Source: site. Borrowing federal student loans is about to get more expensive. PLUS loans.

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Troutman Sanders

FEBRUARY 16, 2023

On February 10, the Federal Trade Commission (FTC) announced it will send more than $115 million in refunds to consumers nationwide as a result of a 2018 action the FTC and the U.S. For more information, click here. Department of Justice (DOJ) brought against MoneyGram for failing to crack down on scammers using their payment system.

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Credit Corp

AUGUST 4, 2021

According to the Organization for Economic Co-operation and Development’s 2018 Program for International Student Assessment survey , young people’s aspirations haven’t really changed since the turn of the century. Fast forward to 2018, and 6.7% Fast forward to 2018, and 6.7% In 2018, 9.4% Back in 2000, 6.8%

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ABI

JANUARY 19, 2024

10] Tutor Perini argued that before Debtor could assume the Ground Lease, Debtor must first cure the defaults of the contractor because the contractor was a party to the Ground Lease. [11] 12] However, the bankruptcy court ruled Tutor Perini could not assert a cure claim because they were not a party to the Ground Lease. [13] at 47–48. [6]

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ABI

JANUARY 22, 2023

9] In 2017, Congress enacted a temporary increase in the fee rates applicable to large Chapter 11 cases to address a shortfall in the USTF that would be applicable to currently pending and newly filed cases, effective October 1, 2018. [10] 10] See id. [11] 3] At the same time, however, the requirement is not sacrosanct. [4]

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ABI

JANUARY 26, 2023

10] According to the Third Circuit, in determining whether an exaction is a tax for bankruptcy purposes, a court must analyze “the operation of the provision” and its effects. [11] 10] Id. 9] The Bankruptcy Code does not define “tax,” so the court examined the shared responsibility payment as an exaction. [10]

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Credit Corp

JULY 26, 2020

According to CNBC , the average personal debt amount hit $38,000 in 2018—accounting for things like credit cards, personal loans, and student loans. To learn more about the steps young parents can take to build a financially secure future for their families, read on! Pay Off Personal Debts.

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On Guard

NOVEMBER 18, 2021

A steep rise from just under a third (31%) in 2018. With an increase of 10% of businesses recognising that data supports their processes (up from 28% in 2020 to 38% in 2021). Almost two-thirds (65%) of organisations have either already adopted the technology or worked out the first ideas for future adoption, up from half (51%) in 2018.

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