Remove 2011 10
article thumbnail

State of the Collections Industry in 2021

The Kaplan Group

The number of collection firms has been in decline since 2011, from 9,400 to 7,401 in 2018. There was a steep decrease in 2020, with only 6,699 remaining, a 10% decline. Government mandated forbearance programs resulted in sharp declines in delinquencies for student loans and mortgages. That’s a 2.5% decline per year.

article thumbnail

Bankruptcy Court May Refrain from Enforcing a Valid Arbitration Clause

ABI

5] Acis was named as an alleged debtor in an involuntary petition for relief under chapter 11 of the Bankruptcy Code. [6] 5] Acis was named as an alleged debtor in an involuntary petition for relief under chapter 11 of the Bankruptcy Code. [6] 1] 10 Collier on Bankruptcy, ¶ 9019.05 (Alan N. 10] See id. Sommer eds.,

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Financial Institutions Should Know about a Tax Levy on a Customers Bank Account

Jimerson Firm

. §6331 authorizes the IRS to apply any means necessary to seize all property and any rights to property belonging to a taxpayer if a taxpayer neglects or refuses to pay their unpaid tax within 10 days after notice and demand from the IRS. Property Subject to a Tax Levy. United States v. Bank of Am. 06CV711A, 2009 WL 2009022, at *6 (W.D.N.Y.

article thumbnail

Emerging Trends In FDCPA Litigation Against Community Association Attorneys

FDCPA Defense

as well as analogous state laws governing the consumer collection process. One line of cases creates a duty to disclose to the debtor that the amount of the debt may be increasing due to accruing interest, fees or other charges. Riexinger & Associates, LLC , 817 F.3d 3d 72 (2d Cir. 2016) and Carlin v. Davidson Fink LLP , 852 F.3d

article thumbnail

Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

the world’s largest asset manager with approximately $10 trillion USD under management, filed a Form S-1 Registration Statement with the U.S. On June 9, the DOJ unsealed charges related to the 2011 hack to cryptocurrency exchange Mt. For more information, click here. On June 15, BlackRock, Inc., For more information, click here.