Collection Industry News

APRIL 11, 2022

Department of Education (“Department”) announced a significant new policy that, in some cases, will require owners, investors, and controlling parties of private colleges and universities to guarantee the regulatory liabilities of the school. has consented to or has a judgment of fraud or misrepresentation. Source- site. score below 1.5

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Troutman Sanders

DECEMBER 23, 2020

Judge McFarland denied summary judgment for defendants and awarded Plaintiff $122,500 in statutory damages. Ramsey subsequently filed suit and moved for summary judgment – alleging defendants violated the TCPA by contacting him on his cell phone with an ATDS without his prior express consent. Pennsylvania Higher Educ.

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Collection Industry News

AUGUST 8, 2022

Section 1788.202 prohibits a private education lender or a private education loan collector from making any written statement to a debtor in an attempt to collect a private education loan unless the private education lender or private education loan collector possesses specified information, including 18 items.

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Turbo Recovery

JUNE 6, 2018

A judgment is awarded in your favor, but the debt still isn’t paid. You call Point Law and say “we have a judgment, so what do we do now? Unfortunately, even if you do sue and are awarded judgment, you aren’t done. How many other judgments do they have against them? What’s next?” We see what assets are there.

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Turbo Recovery

JUNE 6, 2018

A judgment is awarded in your favor, but the debt still isn’t paid. You call Turbo Debt Recovery and say “we have a judgment, so what do we do now? Unfortunately, even if you do sue and are awarded judgment, you aren’t done. How many other judgments do they have against them? What’s next?”. We see what assets are there.

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FFGN COLLECT NY

NOVEMBER 30, 2022

In 2021, the allowable legal rate of interest that could be imputed on a consumer debt and added to a potential judgment against a consumer debtor was reduced from 9% to 2%. Creditors collecting debt in New York are allowed to restrain monies from a third party to satisfy the judgment entered.

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UK debt collections

SEPTEMBER 29, 2021

New data from the Registry Trust has indicated that 47% of businesses that became insolvent in May and June 2021 had an outstanding county court judgment (CCJ) against them. Whilst 78% of those who became insolvent with an outstanding CCJ had received their first CCJ within the previous 999 days.

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Troutman Sanders

FEBRUARY 7, 2023

District Court for the Northern District of California granted an employer’s motion for summary judgment, rejecting a series of technical arguments advanced by the plaintiff that the employer’s background check authorization forms violated the Fair Credit Reporting Act (FCRA). A recent opinion issued by the U.S. In Keefer v.

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FFGN COLLECT NY

JANUARY 6, 2023

Putting an end to the use of wage garnishments (income executions) in New York to collect medical judgments. Prohibiting a creditor from entering or enforcing a medical judgment by placing a lien against a debtor’s primary residence. Decreasing the legal rate of interest on consumer claims from 9% to 2%.

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Credit Corp

FEBRUARY 23, 2024

This guide will teach you how to deal with debt collectors and educate you on the laws relating to outstanding debt. When Judgments Revive Debts If a judge rules that the creditor can renew the debt, it could be collectible for years. First, contact the creditor that originally secured the judgment.

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Troutman Sanders

OCTOBER 16, 2023

In its amicus brief, NASAA pushed back on Coinbase’s motion for judgment on the pleadings, which sought to dismiss the SEC’s case with a ruling that Coinbase has not listed investment contracts based on the existing facts. The rules also include servicers of these products subject to the act and licensure. For more information, click here.

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ABI

JANUARY 12, 2022

[v] In July 2018, he filed a petition under Chapter 7 of the Bankruptcy Code and a complaint against the Department of Education for an order discharging his student loan debt. [vi] x] The court’s determination was based upon, among other things, his young age, high-level of education, and previous history of holding steady employment. [xi]

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ABI

JANUARY 12, 2022

United States Dep’t of Educ. , 2] Ona Colette Anne Hull incurred student loan debt totaling approximately $144,000 to fund her education, and had not made payment to her student loans in approximately 7 years. [3] 7] The debtor disagreed and filed a cross motion for Summary Judgment. [8]. State Higher Educ. 1] In Hull v.

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The Kaplan Group

OCTOBER 19, 2020

Instead, I suggest you do what you can to educate yourself about your options. A judgment is the official result of a lawsuit in court. In debt collection lawsuits, the judge may award the creditor a judgment against you. However, certain debts owed to the government may also result in garnishment, even without a judgment.

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Troutman Sanders

NOVEMBER 8, 2023

However, an analysis of the plaintiff’s claims under the FDCPA still resulted in judgment in the defendant’s favor. The district court rejected the plaintiff’s § 1692f claim that failing to include a date omitted a material term from the letter which prevented her from making an educated decision.

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Troutman Sanders

MAY 2, 2022

On April 28, the Department of Education announced it will deliver relief to tens of thousands of borrowers harmed by pervasive and widespread misconduct at Marinello Schools of Beauty. The act, which became effective on April 30, lowers the statutory rate of interest accrued on money judgment for consumer debt to 2% per year (from 9%).

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Collection Industry News

MARCH 23, 2021

The CFPB and the FTC, along with state and federal partners, accomplished much toward stopping unlawful debt collection practices and continuing its vigorous law enforcement, consumer education and public outreach, and policy initiatives. The two judgments ordered nearly $15.2 The CFPB resolved two of these cases.

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Sawin & Shea

JULY 28, 2021

Civil court judgments (not counting anything that was based on fraud). To discharge a loan taken for an educational purpose, you’ll need to file a certain kind of lawsuit known as an adversary proceeding or adversary suit. We are committed to providing compassionate and non-judgmental representation to all of our clients.

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FFGN COLLECT NY

MAY 24, 2021

Although the motivations for the subpoenas are focused on the criminal end, it should be noted that if a company pays education tuition, medical, or any other personal expenses from company funds, corporate barriers that protect an owner’s personal assets risk coming down.

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Troutman Sanders

APRIL 2, 2021

the Sixth Circuit affirmed summary judgment for student loan servicer Nelnet, Inc. The panel rejected her characterization and explained that the Department of Education in fact requires lenders of loans held under the Federal Family Education Loan Program (FFELP) to provide rehabilitation programs like the one the plaintiff entered.

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Burr Forman

MAY 20, 2021

Prohibiting servicers of private education loans from reporting an adverse item of information relating to the nonpayment of the loan for an established period of time.

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FFGN COLLECT NY

DECEMBER 12, 2023

Gain insight from an attorney’s perspective to educate yourself on preserving your rights, especially if you feel they are threatened. In addition, the attorney must provide a list of income types protected from collection should the court grant the debt collector a judgment on the case.

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Troutman Sanders

JULY 28, 2022

Furthermore, Harris Jewelry must pay $1 million to the states for law enforcement and education efforts and, after complying with all of the settlement terms, shut down and dissolve its operations. This suit later resulted in a stipulated judgment that the CFPB sued LendUp for violating in early 2021. CFPB Enforcement Actions.

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Collection Industry News

FEBRUARY 1, 2022

The office will also offer more generous payment plan options to help students avoid a legal suit or entry of judgment against them. This policy change helps students make public education more affordable and accessible to all Virginians. Virginia is home to some of the best public universities in country.

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Troutman Sanders

MAY 9, 2023

Among other things, the bill: (1) caps the rate of interest on medical debt to 3% per annum; (2) requires a debt collector or collection agency collecting on a medical debt to provide the consumer, upon the consumer’s written or oral request, an itemized statement concerning the debt, while allowing the consumer to dispute the validity of the debt (..)

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Collection Industry News

JULY 20, 2020

The Education Department is suspending collections on federal student loans and urging private collection agencies to stop pursuing borrowers. An investigation by ProPublica found that court judgments in debt collection lawsuits were twice as high in black communities compared to mostly white neighborhoods.

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Troutman Sanders

AUGUST 7, 2023

According to the press release, the collaboration “will increase education, outreach, and efforts to combat racial appraisal bias in property valuation.” On July 31, the District Court for the Central District of California entered judgment in favor of the court-appointed receiver of defendants True Count Staffing Inc.,

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PBWT

JULY 1, 2021

Higher Educ. “Balancing all of the evidence and considering the language and purpose of the [Bankruptcy] Code, the [c]ourt determine[d] that the Plaintiff should be required to pay a total of $12,000 (plus interest at the federal judgment rate).” commonly referred to as the Brunner test.” 2d 395 (2d Cir.1987)).

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Public Citizen

APRIL 7, 2022

Would Twitter be legally obligated to hand over the name of the account holder without delay, knowing that the likely result could be an all-expenses paid trip for the Twitter user to a re-education camp in Xinjiang? Our brief urges him to adopt that test, and then to use his best judgment in applying it.

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Collection Industry News

JULY 27, 2021

Court of Appeals for the Seventh Circuit recently affirmed judgments entered in separate cases consolidated on appeal in favor of several credit reporting agencies rejecting consumers’ claims of violations of the federal Fair Credit Reporting Act (FCRA). Source: site. 1681, et seq., but primarily legal issues outside their competency.

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FFGN COLLECT NY

FEBRUARY 24, 2023

A skilled debt collection attorney can help you weigh your options as a debtor and fight against judgments entered wrongly or without notice. You should also look for information about the lawyer’s education, experience, and any disciplinary actions taken against them.

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Collection Industry News

NOVEMBER 16, 2021

The judgment, which was entered last week without admission of wrongdoing, holds that Synchrony Bank will pay $2 million in civil penalties, $975,000 in investigative costs, and $525,000 to a charitable trust fund to support consumer protection efforts.

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Collection Industry News

MAY 3, 2022

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. Department of Education (ED). It would also ban Performance Settlement from certain loan-settlement and lead-generation activities. Performance SLC ceased operations in 2020.

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Collection Industry News

DECEMBER 28, 2020

For these reasons, the Court concluded that the district court erred in granting partial summary judgment in favor of Reygadas sua sponte. The Court then vacated the district court’s judgment and remanded the case for further proceedings for the parties to present more evidence regarding the relationship between DNF and RGS.

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Troutman Sanders

FEBRUARY 6, 2024

District Court for the Northern District of Illinois finalized, in actions brought by the Federal Trade Commission (FTC), a permanent injunction and monetary judgment against a telemarketing company and certain individuals for violating the FTC Act, 15 U.S.C. § On January 31, the U.S. The court ordered the defendants to pay $28.7

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Collection Industry News

JULY 20, 2020

granted summary judgment for a debt collector whose letter stated “If the Account goes to an attorney, our flexible options may no longer be available.” However, as mentioned above, the cases can be disposed of at summary judgment in favor of debt collectors.). Even the Northern District of Illinois (N.D.

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Collection Industry News

JULY 25, 2022

In addition to fees, the judgment includes requirements for dealers to comply with NYC rules on advertising and customer communication. The Kings Autoshow dealers also agreed to a brief suspension of their licenses. The dealers agreed to: Not sell a car for more than the advertised price.

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