Collections Law

JULY 31, 2020

Even when the court successfully rules in your favor, you are not guaranteed timely payment of either a Massachusetts judgment or a foreign judgment. Many others wait until post judgment to assess whether a debtor will pay or not and post judgment initiate debt recovery efforts, but not us. Equitable Injunctions.

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UK debt collections

SEPTEMBER 2, 2021

French debt collection agencies are particularly prevalent due to the country’s strong economic dependence on Small Businesses and Medium enterprises. Recovering business-to-business debts (B2B) takes on considerable importance for debt collection attorneys across France. formal demand letter, interim injunction order).

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Collections Law

MAY 7, 2020

When the time comes to return to normalcy, you should be prepared to return to business as usual, including collecting any outstanding debt you may currently be owed. Navigating this with the help of an experienced collection attorney is critical, and the Law Offices of Alan M. Cohen LLC can provide you with just that.

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Collections Law

AUGUST 17, 2021

The court may rule that the debtor owes a certain amount of money, and also award additional damages. The entry of a judgment does not translate into payment in most cases. Winning is not the same as collecting. Despite the ruling, the debtor may still claim that it does not have the money or is unwilling to pay the money.

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ABI

JANUARY 25, 2024

3] In 2014, Carnival Corporation (“Carnival”) hired DeCurtis Holdings LLC and DeCurtis LLC (collectively, “DeCurtis” or “Debtors”) to develop a new software architecture, eventually called the “Ocean Platform,” for Carnival’s cruise lines. [4] 6] In April 2020, Carnival filed a complaint against DeCurtis in the U.S. 22] [1] See 11 U.S.C. §

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Collections Law

APRIL 1, 2020

Collecting debts from debtors having assets in Massachusetts while you are in another state or a different country used to be difficult, even if you had a judgment against them. Massachusetts was among the few states that had not adopted the Uniform Enforcement of Foreign Judgment Act. Not Just Domestication — Enforcement, Too.

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Troutman Sanders

DECEMBER 7, 2020

Midwest Recovery Systems (“Midwest Recovery”), a debt collection company, must cease its alleged debt-parking practices, delete all reported debts, and surrender its remaining assets in partial payment of a $24.3 million monetary judgment, under a stipulated order filed by the Federal Trade Commission (“FTC”) last week.

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Collections Law

AUGUST 11, 2020

Whether you operate in or outside Massachusetts, if your customer to whom you had provided goods or rendered services on credit is located in Massachusetts and is not paying off your debt, then get in touch with our experienced and aggressive debt collection lawyer, Alan M. We Domesticate Foreign Judgments in Massachusetts.

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FFGN COLLECT NY

JUNE 17, 2020

A recent decision by the NY attorney general resulted in New York vacating 29,617 default judgments obtained by Northern Leasing. New York’s four-year crusade against Northern Leasing, a deceptive company, and its collection attorneys ends with a victory for business owners affected by their practices. and its affiliates.

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Troutman Sanders

MAY 2, 2022

Federal Activities: On April 29, the Consumer Financial Protection Bureau (CFPB) released Spanish language translations for certain model and sample forms included in the Prepaid Rule in Regulation E and for certain adverse action model and sample notices included in Regulation B. For more information, click here. securities laws.

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Collection Industry News

MAY 30, 2022

New Yorkers facing debt-collection lawsuits are poised to get a little extra help in the wake of a federal court’s ruling — and some observers say it could translate to a win for consumers across the country who have basic legal questions but can’t afford a lawyer. Source: site.

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Troutman Sanders

AUGUST 23, 2023

The complaint further alleges that these actions violated the Telephone Consumer Protection Act and its implementing rules;” the Telemarketing Sales Rule; and state “unfair and deceptive acts and practices” laws. The stipulated order secures both injunctive and monetary relief against the defendants.

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Collection Industry News

DECEMBER 21, 2020

Court of Appeals for the Ninth Circuit recently reversed an award of summary judgment in favor of a defendant debt collector against claims that it violated the federal Fair Debt Collection Practices Act (FDCPA) by attempting to collect a debt that was discharged in bankruptcy and no longer owed. Wells Fargo Bank , N.A.,

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Collection Industry News

MAY 16, 2022

On April 29, the CFPB filed a proposed order in federal court seeking final judgment against three California-based defendants for engaging in unlawful fee-charging practices and deceptive telemarketing. The post CFPB And FTC Continue To Take Action Against Debt Settlement Companies appeared first on Collection Industry News.

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Burr Forman

MARCH 23, 2021

2020-02558) seeking a declaratory judgment of coverage for any COVID-related business interruption the restaurant would face. Collectively, though, insurers are currently enjoying an 80% success rate on motions to dismiss across state and federal courts.

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Troutman Sanders

AUGUST 1, 2023

An amendment in the NDAA to update the Fair Debt Collection Practices for Servicemembers Act passed in the Senate by a vote of 95-2. Examiners found that debt collectors continued collection attempts for work-related medical debt after receiving sufficient information to render the debt uncollectible under state worker’s compensation law.

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Troutman Sanders

AUGUST 16, 2022

Federal Activities: On August 12, VantageScore announced that it completed an extensive analysis on how recent changes have impacted consumer credit score models to how medical collection accounts are reported, including changes brought by the COVID-19 pandemic. VantageScore decided to drop medical debt from its calculations.

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Troutman Sanders

JUNE 14, 2023

On June 8, the Commodities Futures Trading Commission (CFTC) obtained a default judgment against a decentralized autonomous organization (DAO) Ooki Dao in the U.S. On June 8, the CFPB acted against a medical debt collector for numerous debt collection and credit reporting violations. For more information, click here. According to U.S.

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Troutman Sanders

JULY 19, 2023

On July 13, the CFPB joined with several state attorneys general and a state regulator to take action against Prehired for allegedly using deceptive marketing and debt collection practices related to student lending. On July 11, Chopra issued remarks at the CFPB hearing on medical billing and collections.

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Collection Industry News

AUGUST 9, 2021

In announcing the Order, President Biden acknowledged the Supreme Court’s ruling in Alabama Association and the possibility of litigation in the near future. On June 29, 2021, the Supreme Court narrowly ruled , 5 to 4, in the CDC’s favor, declining to vacate the stay ( Alabama Association of Realtors, et al. 594 U.S. _ (2021)).

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Troutman Sanders

APRIL 26, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. million home that alleged a fraudulent transfer by the operator of a debt-collection scheme. For more information, click here.

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Troutman Sanders

MAY 2, 2023

The proposed rule would require lenders to assess a borrower’s ability to repay a PACE loan, as well as provide a framework for how these loans will be treated under the Truth in Lending Act. On April 28, the CFPB issued an interim final rule, amending the agency’s 2021 LIBOR transition rule. For more information, click here.

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Troutman Sanders

FEBRUARY 13, 2024

On February 8, a New York bankruptcy judge ruled against cryptocurrency exchange Gemini’s claim that it has a secured claim on more than $800 million in Genesis Global Capital assets. The ruling is a victory for other Genesis creditors who could be due for a full recovery on their claims. million in consumer redress and a $1.1

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