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 CFPB alleges that defendants wrongfully charged more than 9,000 consumers with federal student-loan debt a total of approximately $10.5
Troutman Sanders
JANUARY 20, 2022
On January 13, a coalition of 39 state attorneys general — led by AGs from Pennsylvania, Washington, Illinois, Massachusetts, and California — reached a settlement with student loan servicer Navient over allegedly unfair, deceptive, and abusive student loan origination and servicing practices. 1:2021cv01233 (Apr.
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Troutman Sanders
NOVEMBER 15, 2022
District Court for the District of New Hampshire granted the Securities and Exchange Commission’s (SEC) motion for summary judgment against blockchain-based, file-sharing platform LBRY. In its summary judgment motion, the SEC argued that LBRY’s public offering of its native token LBC constituted an unregistered sale of securities.
Debt Free Colorado
APRIL 9, 2020
If you own a home the consequences of a judgment against you are more significant as judgment creditors can place liens against your home. Either way, you should speak with an experienced debt relief attorney about strategies for dealing with unsecured creditors. Experian Credit Card and Debt Relief List. Student Loans.
Collection Industry News
MAY 3, 2022
Performance Settlement settled debts without the required consumer authorization and tricked certain consumers into enrolling into its debt-resolution services. If entered by the court, the judgment would ban Performance SLC permanently from debt relief services and ban Crenshaw from debt relief services for five years.
Troutman Sanders
APRIL 19, 2021
Pritzker issued an executive order extending the suspension of garnishment, deduction of wages, and post-judgment citations to discover assets through April 30. Additionally, the company is alleged to have falsely promised consumers student loan forgiveness when only the federal government can forgive federal student loans.
Troutman Sanders
JULY 26, 2021
On July 23, the Biden administration initiated a request for information — the formal process of inviting public comment — to address issues with the Public Service Loan Forgiveness (PSLF) program. The students argued the vaccine requirement was a due process violation under the Fourteenth Amendment to the U.S. Constitution.
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