Troutman Sanders

MAY 9, 2023

For the first year after the effective date of the proposal, these firms would be subject to an excise tax of 10% of the costs of electricity they use in digital asset mining. billion in revenue over 10 years. The excise tax would then increase to 20% in the second year, and it would reach its maximum of 30% in year three.

Financial services 52

Financial services Student loans Student Loans Loans 52

Collection Industry News

AUGUST 11, 2020

Deploying police to impose debt and using the justice system to collect it undermine public safety. A 2018 study found that police departments in cities that rely heavily on court debt as a revenue source solve violent crimes at lower rates than those that rely on more equitable revenue sources.

Debt collector 40

Debt collector Government Foreclosure Collections 40

ABI

JANUARY 12, 2022

The Fair Debt Collection Practices Act (FDCPA) generally prohibits debt collectors from misrepresenting their identity or using unfair practices to collect debts. [1] In 2018, Ward owed $160 to Stonecrest Medical Center. [4] 10] Ward appealed the district court’s decision. [11] 10] Ward , 9 F.4th

Debt collector 40

Debt collector Judgment Debtor Fair Debt Collection 40

Troutman Sanders

NOVEMBER 8, 2022

On October 27, the Federal Financial Institutions Examination Council announced an update to its 2018 Cybersecurity Resource Guide for Financial Institutions. The debt collector originally obtained licensing in 2010, but its license expired in 2012 and was terminated less than six months later. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Garnishment 52

Troutman Sanders

AUGUST 30, 2021

17, 2021), the Tenth Circuit affirmed summary judgement in favor of the plaintiff in a claim under the Fair Debt Collections Practices Act (FDCPA), finding that the defendant debt collector failed to present sufficient evidence to establish a bona fide error defense. The defendant, Medicredit, Inc.

Retrieval 52

Retrieval Debtor Fair Debt Collection Collections 52

Troutman Sanders

APRIL 26, 2021

million home that alleged a fraudulent transfer by the operator of a debt-collection scheme. The complaint asks the court to declare the transfer void and order the seizure and sale of the property to partially repay the debt-collector’s outstanding debt to the federal and state governments. On April 22, the U.S.

Financial services 52

Financial services Debt collector Loans Banks 52

ABI

JANUARY 21, 2020

7] However, in June 2018, the Debtor filed for bankruptcy relief under Chapter 13 of Title 11 of the United States Code (the “Bankruptcy Code”) and scheduled the City as a creditor for $50,947.00. [8] 8] Notwithstanding the Debtor’s bankruptcy filing, the City continued payroll deductions until September, 2018. [9] 10] See id. [11]

Bankruptcy 40

Bankruptcy Debtor Creditors Secured Creditor 40

Collection Industry News

JANUARY 19, 2021

Those were just two of more than 1,800 loans that went to debt collectors and high-interest lenders through the Paycheck Protection Program, according to an analysis by The Washington Post. The government loans to debt collectors essentially finance “debt collection against people who already are dealing with a global pandemic.”.

Debt collector 40

Debt collector Lender Collections Loans 40