Collection Industry News

JUNE 14, 2021

Ciffa’s offices in Niagara Falls and Kenmore, debt collectors intimidated their victims with illegal threats of arrests and lawsuits. According to federal prosecutors, an elderly cancer patient in Texas was so rattled by the threats that she borrowed $500 from her sister to help pay off a debt of $1,285. Source: site.

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Troutman Sanders

MARCH 4, 2024

billion to Gemini Earn Program (Earn) customers through the Genesis Global Capital, LLC (GCG) bankruptcy proceeding. Additionally, Gemini has pledged to contribute $40 million to the GCG bankruptcy proceedings for the benefit of Earn customers. For more information, click here. s Municipal Regulations.

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Financial services Law Firms Acquisition Debt collector 52

Consumer Financial Services Law

AUGUST 31, 2016

Joining the proof of claim fray, the Fourth Circuit has held that the filing of a time barred proof of claim does not violate the FDCPA when the statute of limitations does not extinguish the debt. Atlas Acquisitions, No. 15-1495, 2016 U.S. LEXIS, *22-23 (4 th Cir. It simply limits the avenues of recourse. · Keys to the Decision.

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Chapter 13 bankruptcy Bankruptcy Debt collector Acquisition 40

Consumer Financial Services Law

OCTOBER 17, 2016

Johnson and resolve the split in the circuits over whether the filing of a time barred proof of claim violates the FDCPA and whether the Bankruptcy Code preempts the FDCPA regarding proofs of claim. Recap of Johnson In Johnson , the Court answered that question in the negative, finding that the Bankruptcy Code does not preempt the FDCPA.

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Bankruptcy Debt collector Creditors Acquisition 40