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N.Y. Enacts Law Lowering Judgment Interest on Consumer Debts

Account Recovery

The Governor of New York last week signed a bill into law that will lower the interest rate that can be charged on unpaid money judgments to 2%. Enacts Law Lowering Judgment Interest on Consumer Debts appeared first on AccountsRecovery.net.

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Bill Introduced in California to Lower Judgment Interest Rate, Restrict Renewals

Account Recovery

A bill has been introduced in the California legislature that would significantly lower the amount of judgment interest that can be assessed on unpaid consumer and personal debt while also restricting the renewal of judgments.

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NCLC Report Grades States on Garnishment, Judgment Protections

Account Recovery

A copy of the report — … The post NCLC Report Grades States on Garnishment, Judgment Protections first appeared on AccountsRecovery.net. The post NCLC Report Grades States on Garnishment, Judgment Protections appeared first on AccountsRecovery.net.

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Credit Unions File Suit to Block New Judgment Interest Rate From Taking Effect in N.Y.

Account Recovery

A trio of credit unions from Western New York yesterday filed a class-action complaint seeking an expedited hearing in an attempt to block a new law from going into effect that lowers the maximum rate of post-judgment interest that can be charged in the state to 2%, from 9% currently.

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Report Labels Post-Judgment Interest as New ‘Battleground’ for ARM Industry

Account Recovery

The collection of post-judgment interest is in the news, and is being cited as a relic of “a different era” which can cost the amount of debt owed by an individual to “balloon in a way that makes it hard to” repay.

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Judge Sets Aside Default Judgment Against Defendant in FDCPA Case

Account Recovery

A District Court judge in North Carolina has granted a defendant’s motion for relief from judgment on the grounds that a default judgment obtained by the plaintiff in a Fair Debt Collection Practices Act case is void due to lack of service of process.

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New Law in Arizona Changes Homestead Exemption for Judgment Creditors

Account Recovery

Compliance Arizona HB 2617 Judgments

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Judge Grants MTD in FDCPA Class Action Over Judgment Renewals

Account Recovery

A copy of the … The post Judge Grants MTD in FDCPA Class Action Over Judgment Renewals appeared first on AccountsRecovery.net.

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Judge Grants Judgment for Defendant in FDCPA Case Over Garnishment from Joint Bank Account

Account Recovery

The post Judge Grants Judgment for Defendant in FDCPA Case Over Garnishment from Joint Bank Account appeared first on AccountsRecovery.net.

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Judge Grants Motion to Set Aside Default Judgment in FDCPA, FCRA Case Over Complaint Sent to Empty Office

Account Recovery

The post Judge Grants Motion to Set Aside Default Judgment in FDCPA, FCRA Case Over Complaint Sent to Empty Office appeared first on AccountsRecovery.net.

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Mich. Appeals Court Upholds Ruling on Post-Judgment Interest Case

Account Recovery

Appeals Court Upholds Ruling on Post-Judgment Interest Case appeared first on AccountsRecovery.net.

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Judge Certifies Class in FDCPA Suit Over Threat of Judgment

Account Recovery

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Judge Denies Default Judgment Motion in FDCPA Case

Account Recovery

Better late than never, a federal judge in Nevada has ruled, denying a motion for default judgment against a defendant in a Fair Debt Collection Practices Act case because the defendant has now starting to defend itself “in earnest.”

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State Appeals Court Overturns Denial of Motion to Vacate Default Judgment Because Individual was Never Served

Account Recovery

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Appeals Court Affirms Summary Judgment for Collector in FCRA Case

Account Recovery

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Daily Digest – December 28. Judge Grants MTD in FDCPA Case Over MVN; NCLC Grades States on Judgment Protections

Account Recovery

Judge Grants MTD in FDCPA Case Over MVN; NCLC Grades States on Judgment Protections first appeared on AccountsRecovery.net. Judge Grants MTD in FDCPA Case Over MVN; NCLC Grades States on Judgment Protections appeared first on AccountsRecovery.net.

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Daily Digest – January 23. Judge Grants Motion to Set Aside Default Judgment; Proposed Law Would Limit Collections in Florida For Crime-Incurred Debts

Account Recovery

Judge Grants Motion to Set Aside Default Judgment; Proposed Law Would Limit Collections in Florida For Crime-Incurred Debts first appeared on AccountsRecovery.net.

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Daily Digest – November 1. FCRA Suit Alleges Impermissible Purpose; Judge Grants MTD Over Judgment Renewals

Account Recovery

FCRA Suit Alleges Impermissible Purpose; Judge Grants MTD Over Judgment Renewals appeared first on AccountsRecovery.net.

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Judge Denies Motion to Amend Judgment and Motion for Sanctions in FDCPA Case

Account Recovery

The post Judge Denies Motion to Amend Judgment and Motion for Sanctions in FDCPA Case appeared first on AccountsRecovery.net.

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Appeals Court Affirms Summary Judgment for Defendant in FCRA Case

Account Recovery

But sometimes there are entries on a credit report that make determining whether seven years has past or not more difficult than it would … The post Appeals Court Affirms Summary Judgment for Defendant in FCRA Case appeared first on AccountsRecovery.net. Seven years.

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Indiana AG Obtains $1.3M Judgment Against Collection Agency, Owner

Account Recovery

million judgment against a collection agency and its owner that were accused of engaging in deceptive and abusive collection practices and operating without a proper license. Judgment Against Collection Agency, Owner appeared first on AccountsRecovery.net.

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Daily Digest – November 23. Gov’t Extends Student Loan Pause, Judge Sets Aside Default Judgment Against Defendant in FDCPA Case

Account Recovery

Gov’t Extends Student Loan Pause, Judge Sets Aside Default Judgment Against Defendant in FDCPA Case first appeared on AccountsRecovery.net. Gov’t Extends Student Loan Pause, Judge Sets Aside Default Judgment Against Defendant in FDCPA Case appeared first on AccountsRecovery.net.

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Pre- vs. post-judgment collections: What is the difference?

Collections Law

The first major question we must ask is whether we will pursue an attachment to the debtors assets before we have a judgment from the court, known as a prejudgment attachment. Our other option is to wait until after we receive the judgment from the court, known as post-judgment collection.

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Appeals Court Vacates Judgment for Plaintiff in FDCPA Case

Account Recovery

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Judge Grants Summary Judgment for Defendant in FDCPA Case, After Ruling Receipt of Letter Enough for Standing

Account Recovery

Separately, … The post Judge Grants Summary Judgment for Defendant in FDCPA Case, After Ruling Receipt of Letter Enough for Standing appeared first on AccountsRecovery.net.

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Ariz. AG Obtains Judgment Banning Collector; Defendants to Pay Up to $1.8M in Fines and Restitution

Account Recovery

The Attorney General of Arizona on Friday announced that the defendants in a lawsuit filed by its office have reached a consent judgment that will see the defendants pay $1.6 AG Obtains Judgment Banning Collector; Defendants to Pay Up to $1.8M

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Daily Digest – January 26. Getting to Know Sarah Ritter of CSO Financial; Judge Denies Motion to Amend Judgment

Account Recovery

Getting to Know Sarah Ritter of CSO Financial; Judge Denies Motion to Amend Judgment first appeared on AccountsRecovery.net. Getting to Know Sarah Ritter of CSO Financial; Judge Denies Motion to Amend Judgment appeared first on AccountsRecovery.net.

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Judge Partially Grants MTD in FDCPA Case Over ‘Improper’ Default Judgment Motion in Underlying Collection Suit

Account Recovery

A copy of the ruling … The post Judge Partially Grants MTD in FDCPA Case Over ‘Improper’ Default Judgment Motion in Underlying Collection Suit appeared first on AccountsRecovery.net.

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FTC Secures $24M Judgment Against Collection Agency

Account Recovery

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Foreign judgments: How do I collect using another state’s judgement?

Collections Law

A foreign judgment is a judgment, decree, or court order outside of the Commonwealth of Massachusetts. How does a creditor collect on a foreign judgment? There are two ways to domesticate (enforce) a foreign judgment in Massachusetts.

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Judge Grants Summary Judgment for Defendant in FDCPA Case Over Multiple Addresses on Payment Coupon

Account Recovery

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Judge Grants Motion for Judgment in FDCPA Case Because Debt in Question Not Subject to Statute

Account Recovery

A District Court judge in Ohio has granted a defendant’s motion for judgment on the pleadings in a Fair Debt Collection Practices Act case ruling that the underlying debt in question did not meet the statute’s definition of debt.

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Appeals Court Upholds Ruling Denying Defendant’s Request for Relief of Judgment in FDCPA Case

Account Recovery

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MacKinnon Avoids Jail Following Hearing Into Lack of Compliance With $60M Judgment

Account Recovery

It appears as though Douglas MacKinnon has successfully avoided being sent to jail, even though a two-day hearing this week did not provide all the details that prosecutors and the Consumer Financial Protection Bureau are looking for as they seek to enforce a $60 million judgment against him.

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Daily Digest – April 26. Mich. Appeals Court Upholds Ruling on Post-Judgment Interest Case; CFPB to Regulate ‘Risky’ Nonbanks

Account Recovery

Appeals Court Upholds Ruling on Post-Judgment Interest Case; CFPB to Regulate ‘Risky’ Nonbanks appeared first on AccountsRecovery.net.

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