Troutman Sanders

OCTOBER 26, 2020

to extend protection of COVID-19 payments from garnishment and amend the required notice to judgment debtors to inform them of an additional category of exempt funds described as emergency relief payments. For more information, click here. On October 16, the Virginia General Assembly voted to amend VA Code § 8.01-512.4

Financial services 52

Financial services Financial Institution Foreclosure Banks 52

Consumer Financial Services Law

DECEMBER 21, 2016

The case arose from the law firm’s post judgment efforts to garnish wages. After serving a garnishment summons, the consumer claimed the funds as exempt. The defendants then made four additional attempts to garnish funds. Unifund CCR, LLC, 2016 U.S. LEXIS 168707 (Dec. The defendants moved to dismiss.

Garnishment 40

Garnishment Law Firms Acquisition Debtor 40

Consumer Financial Services Law

FEBRUARY 17, 2020

A series of post judgment garnishments. In Van Hoven , a law firm enforced a judgment by filing a series of garnishments. With each garnishment, the law firm included within the post-judgment costs accrued to date their garnishment filing fees. in damages and $186,600.00 in attorney’s fees.

Garnishment 40

Garnishment Law Firms Lawyers Judgment 40

Better Credit Blog

APRIL 1, 2022

They recently acquired Alltran Financial Services in 2020. Other complaints claim TSI threatened wage garnishment or property seizure, both of which they could not do. Making arrest and legal threats such as wage garnishment or property seizure. Debt Validation. Calling you before 8:00 A.M and after 9:00 P.M.

Collection Agencies 77

Collection Agencies Collections Agency Garnishment Fair Debt Collection 77

Collection Industry News

JULY 20, 2020

Sherrod Brown, D-Ohio, has sponsored legislation that prevents debt collectors from engaging in a variety of practices, such as disconnecting utility services or garnishing wages, until 120 days after a major disaster or emergency such as the current coronavirus crisis. All of this has the industry deeply concerned.

Garnishment 40

Garnishment Collections Debt collector Accounts Receivables Management 40

Troutman Sanders

MARCH 11, 2024

The bill amends current state law that establishes what portions of a consumer’s financial assets can be garnished to satisfy a judgment.

Financial services 52

Financial services Garnishment Lender Banks 52

Troutman Sanders

MARCH 4, 2024

The OAG also found that the debt collection law firm illegally continued to pursue consumers for debts that were already paid or partially paid, and sometimes garnished wages for judgments that were completed. For more information, click here.

Financial services 52

Financial services Law Firms Acquisition Debt collector 52

Troutman Sanders

MAY 23, 2023

On May 18, the House Financial Services Committee Subcommittee on Digital Assets, Financial Technology, and Inclusion hosted a hearing, titled “‘Stable’ in ‘Stablecoins’: How Legislation Will Help Stablecoins Achieve Their Promise.” For more information, click here.

Financial services 52

Financial services Banks Debtor Education 52

Consumer Financial Services Law

OCTOBER 25, 2017

While the bank previously accepted late payments during a “grace period,” Mercantile did not accept any late payments from the Guys after January 2008, and Mercantile eventually seized the Guys’ real property, foreclosed on other collateral, garnished their wages, and obtained a deficiency judgment against them.

Loans 40

Loans Collateral Garnishment Judgment 40

Troutman Sanders

NOVEMBER 1, 2021

On October 20, the New York Department of Financial Services published a notice in the New York State Register , announcing that it issued a proposed regulation to implement S 5470-B , which requires disclosures for commercial financing transactions of $2.5 For more information, click here. For more information, click here.

Financial services 52

Financial services Garnishment Financial Institution Debt collector 52

Consumer Financial Services Law

OCTOBER 13, 2016

Particularly, the CFPB noted letter templates that: Stated legal action had “been recommended”; Stated that if the consumer failed to make a payment, the credit union would “have no alternative but to recommend [the account] for legal action”; and Threatened garnishment of wages which is generally a post judgment remedy.

Credit Unions 40

Credit Unions Credit Unions Banks Collections 40

Collection Industry News

MAY 24, 2021

Andrew Cuomo (D) signed legislation on Thursday that blocks debt collectors from garnishing residents’ coronavirus stimulus payments. New Yorkers who are subject to a monetary judgment against their bank account will receive a notice indicating that the pandemic-related funds are protected. Source: site. New York Gov.

Debt collector 40

Debt collector Garnishment Judgment Financial services 40

Troutman Sanders

JANUARY 19, 2021

Currently set to expire on February 1, the collection actions subject to the moratorium include garnishment, attachment, and levy. The report identifies hurdles residents face to obtain assistance in Maryland courts, including with eviction and garnishment proceedings. For more information, click here. For more information, click here.

Financial services 52

Financial services Garnishment Foreclosure Government 52

Consumer Financial Services Law

OCTOBER 12, 2016

The Eleventh Circuit recently joined the First and Eighth Circuits in concluding that the FDCPA’s venue provision does not apply to post-judgment garnishment proceedings. Post judgment, the law firm filed a garnishment proceeding against the consumer’s bank seeking to collect on the judgment. 1692i(a)(2).

Garnishment 40

Garnishment Law Firms Judgment Debt collector 40

Troutman Sanders

FEBRUARY 8, 2021

Department of Agriculture (USDA) announced the temporary suspension of past-due debt collections and foreclosures for distressed borrowers under the Farm Storage Facility Loan and the Direct Farm Loan programs administered by the Farm Service Agency.

Financial services 52

Financial services Foreclosure Student loans Student Loans 52

Troutman Sanders

MARCH 15, 2021

Pritzker issued an executive order extending the suspension of garnishment, deduction of wages, and post-judgment citations to discover assets through April 3. For more information click here. On March 5, Illinois Governor J.B.

Financial services 52

Financial services Financial Institution Foreclosure Government 52

Troutman Sanders

JANUARY 31, 2022

State Activities: On January 28, the Texas Supreme Court announced that it is accepting comments on its proposed amendments to the Texas Rules of Civil Procedure notice of judgment and monetary damages, as well as service of writ of garnishment, before they take effect on May 1. According to OFR Commissioner Russell C.

Financial services 52

Financial services Trade Government Banks 52

Troutman Sanders

JULY 26, 2021

On July 18, Indiana University’s COVID-19 vaccine mandate and related face-masking and testing requirements survived challenging students’ motion for a preliminary judgment. According to Attorney General Healey’s press release, this guidance states that “these direct payments are exempt from seizure or garnishment under Massachusetts law.

Financial services 52

Financial services Student loans Student Loans Garnishment 52