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What Are “Actual Damages” Under the FCCPA and the FDCPA?

Jimerson Firm

8:13-CV-00567-T-27AEP, 2014 WL 55016, at *2 (M.D. 7, 2014) (holding plaintiff was not entitled to actual damages for mental anguish because she failed to supply any competent evidence, such as medical records or expert testimony, that would support her claim). 3:13-CV-163-J-39PDB, 2014 WL 2987702, at *2 (M.D. July 2, 2014).

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FICO World 23: Unleashing the Power of FICO Platform

Fico Collections

We have a once in a generation opportunity to create the next generation financial services ecosystem. The top 25 percent of companies that were investing the most in technology innovation were growing at twice the pace of the 10 percent that invested the least. That was before the pandemic. But of course, it didn’t.

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Can Banks be Liable for Processing or Underwriting a Loan that a Borrower Cannot Afford?

Jimerson Firm

14-60975-CV, 2014 WL 11776961, at *9 (S.D. July 11, 2014) (holding “[p]laintiffs’ count for negligent processing of a loan fails as a matter of law, and “[p]laintiffs cannot allege that Wells Fargo had any loan processing duty giving rise to a claim for negligence”); Brake v. 8:10-CV-338-T-33TGW, 2011 WL 6719215, at *11 (M.D.

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Can a Secured Creditor Refuse to Sell the Collateral?

Jimerson Firm

5th DCA 2014). If one of these parties chooses to object, that objection must be received by the secured party within 20 days after the notification of proposal to accept was sent out. Spellman v. Independent Bankers’ Bank of Florida, 161 So. 3d 505, 507 (Fla. However, a more recent ruling does provide secured creditors with some hope.

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District Courts Consider Allegations of Inaccurate Reporting under FCRA for Past Due Payment Ratings in Metro 2

Burr Forman

Americredit Financial Services, Inc. , 12-6238 (PGH) (LHG), 2014 WL 647970 (D.N.J. 10, 2020), Docket No. Early cases to consider this issue resulted in a grant of summary judgment for the defendant upon a finding that the data was accurately reported according to the CRRG guidelines. In Moulton v. ” Id. ” Id.

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Timing is Everything: 11th Circuit Finds Loss Mitigation Application Untimely

Consumer Financial Services Law

The foreclosure sale in this matter was originally scheduled to occur January 29, 2014. On January 8, 2014, the borrowers submitted a loss mitigation application to the servicer which included detailed information about their income and expenses as well as copies of their recent pay stubs, tax returns and other financial information.

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CFPB Seeks Comment on Effectiveness of the RESPA Mortgage Servicing Rule

Consumer Financial Services Law

As required by the Dodd-Frank Act, the CFPB is conducting an assessment of its RESPA Mortgage Servicing Final Rule, which took effect on January 10, 2014. The assessment will seek to compare servicer and consumer activities and outcomes to a baseline that would exist if the Rule has not been implemented.