Account Recovery

OCTOBER 12, 2020

A District Court judge in Maine has granted a trade association’s motion for judgment after it sued the state for enacting laws that governed how, among other things, medical debts are reported to credit reporting agencies by collection agencies. A copy of the ruling in the case of Consumer Data Industry Association v.

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FFGN COLLECT NY

MAY 19, 2025

However, even with those explanations, if the names do not match, the judgment clerk may reject your proposed default judgment because they cannot confirm that you have “established liability.” ” If this happens, you will need to make a formal motion to the court for an order entering judgment.

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Account Recovery

MAY 2, 2023

A trio of individuals have been permanently banned from the debt relief industry and must forfeit assets to help pay off a partially suspended $17 million judgment as part of an enforcement action by the Federal Trade Commission, the agency announced yesterday.

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Account Recovery

APRIL 19, 2024

The Federal Trade Commission has announced a settlement with the final defendant and “ringleader” of a student loan debt relief scam that bilked consumers out of nearly $9 million that will see the individual permanently banned from the debt relief industry and required to turn over assets to satisfy a $7.4 million judgment.

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Account Recovery

OCTOBER 19, 2023

A collection “kingpin” who has been sued by the Consumer Financial Protection Bureau and the Attorney General of New York for hiding assets in order to avoid paying a $60 million judgment is now being accused of destroying evidence by trading in his cell phone for a new one, which got […]

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FFGN COLLECT NY

OCTOBER 11, 2024

Similarly, if you are dealing with a company that uses a trade name, it is very important to find out the legal name of the company before filing suit. Some companies, in order to avoid public knowledge of their official name, will have a registered company name completely unrelated to their trade name. Parsons the individual.

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Collection Industry News

MAY 18, 2025

On May 1, 2025, the Federal Trade Commission (FTC)announcedthat it had filed anamended complaintand entered into aproposed final orderwitha debt collector and its owner, resolving allegations that the company engaged in a fraudulent debt collection scheme. In November 2024, the FTC obtained a temporary restraining order against the company.

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Collection Industry News

JULY 27, 2021

The industry trade teams challenging the CFPB’s rule that is final Payday, Vehicle Title, and Certain High-Cost Installment Loans (the Rule) have filed a movement for summary judgment. The plaintiffs argue that the payments provisions should be held unlawful and set aside for the following reasons in their summary judgment motion.

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FFGN COLLECT NY

FEBRUARY 7, 2023

If the debtor defaults in the case, fails to appear or answer, the creditor’s debt collection attorney can then submit a judgment to the clerk for signature. In New York, there are certain limitations on entering default judgments. Documentation should include a written contract between the parties and a copy of a bill or invoice.

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Nexa Collect

AUGUST 13, 2020

The number of trade experiences is a driving force behind achieving a good business credit score. Trade credits are loans extended in B2B agreements between a supplier and a business, based on a buy-now-pay-later arrangement. Don’t ignore liens and judgments against your company.

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Public Citizen

JANUARY 18, 2022

Late last year, Harrison Greenbaum , a New York comedian and magician, included Christopher Nicholas Sarantakos, better known in the magician trade as Criss Angel , who is, apparently, a very well known magic act, in an annual satirical review that he offers of major figures in the magic trade.   With one exception.

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FFGN COLLECT NY

JUNE 3, 2020

Is garnishing PPP or CARES Act funds an option for satisfying outstanding monies owed to judgment creditors? Although New York has liberal laws on judgment enforcement, CPLR Sect 5222-a provides a laundry list of funds exempt from creditors’ reach. The post Can a NY Judgment Creditor Garnish PPP or Other CARES Act Funds?

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FFGN COLLECT NY

MARCH 15, 2022

In 2015, the Federal Trade Commission came down on Chase for robo-signing affidavits. Affidavits are an important debt collection practice and facilitate the domestication of judgments from other states and countries. Domesticating a Foreign Sister State Judgment in New York: It’s in the Affidavit.

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Troutman Sanders

JULY 18, 2022

The Federal Trade Commission (FTC) recently announced it sent out a second round of redress checks in a long-lasting legal battle against an alleged payday lending scheme. billion in restitution and disgorgement, following the FTC’s motion for summary judgment. Supreme Court Ruling. FTC’s Request for Monetary Relief Authority.

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Public Citizen

DECEMBER 16, 2021

From a Federal Trade Commission press release : A group of phantom debt collectors will be permanently banned from the debt collection industry and required to surrender the contents of numerous bank and investment accounts under the terms of a settlement  with the Federal Trade Commission.

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UK debt collections

JUNE 30, 2022

Recovering debts from overseas has never been easy but a trade report produced by Trade insurers Allianz Trade sheds some light on those countries where risk of not getting monies back are highlighted. The score covers 49 countries representing nearly 90% of global GDP and 85% of global trade.

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Troutman Sanders

FEBRUARY 15, 2022

District Court Grants Summary Judgment (2020). After the case proceeded, the parties filed cross motions for summary judgment. The District Court ultimately granted summary judgment to the defendant on all FCRA claims and remanded the remaining state law claims to state court.

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Troutman Sanders

AUGUST 5, 2022

Attorney General Stein filed a lawsuit earlier this year against gateway service provider Articul8 for routing 65 million alleged scam calls to North Carolina phone numbers, bringing claims under the Telemarketing Sales Rule and North Carolina’s Unfair or Deceptive Trade Practices Act.

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Nexa Collect

NOVEMBER 1, 2021

Individuals can be legally forced to pay their debts with their cryptocurrency, but the creditor must have a judgment which states that the debtor is obligated to pay off the debt, including any cryptocurrency they own. Summary: Indeed! Knowing whether or not the debtor owns crypto like bitcoin is of course a challenge.

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Troutman Sanders

DECEMBER 7, 2020

million monetary judgment, under a stipulated order filed by the Federal Trade Commission (“FTC”) last week. The complaint raised multiple claims against Midwest Recovery, alleging first that Midwest Recovery violated the Federal Trade Commission Act (“FTC Act”) by making false or unsubstantiated claims that consumers owed debts.

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Troutman Sanders

JULY 25, 2022

On May 25, the Federal Trade Commission (FTC) entered a Stipulated Order for Monetary Judgment against Publishers Business Services, Inc. PBS), and its officers, Brenda Dantuma Schang, Dries Dantuma, Dirk Dantuma, and Jeffrey Dantuma imposing a suspended judgment of $14.47

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Troutman Sanders

OCTOBER 20, 2023

The Southern District of New York had deemed “institutional sales” to be unregistered securities in its July summary judgment decision , however, at that time the court reserved judgment as to the aiding and abetting claims against the executives. The matter was set for trial in 2024.

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Collections Law

APRIL 5, 2022

This means we examine the debtor’s financial assets and ask the court to secure them for collection before we receive the court’s judgment in your favor. We then pursue a judgment from the court in order to collect your money. If the court will not approve a prejudgment attachment, we pursue post-judgment options.

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True Accord

MARCH 11, 2025

The Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) have made it clear that such practices are not just unethical but also illegal. Consumers often make snap judgments about the legitimacy of a message based on visual cues, so its crucial to maintain a professional appearance.

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Troutman Sanders

SEPTEMBER 11, 2023

On September 8, a federal court in the Eastern District of Texas granted summary judgment in favor of the U.S. The final judgment will be issued “forthwith.” While noting that the CFPB preserved its argument that the Fifth Circuit’s decision in that case is wrong and that its appeal to the U.S.

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Troutman Sanders

MARCH 3, 2021

that the Federal Trade Commission (FTC) proved several automobile dealerships’ (collectively, “Tate’s Auto”) advertising failed to include legally required credit information in violation of the Truth in Lending Act (TILA) and the Consumer Leasing Act (CLA). The FTC moved for summary judgment against the individual defendants.

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Jimerson Firm

JUNE 2, 2021

However, this reasoning has resulted in tenants receiving judgments against their landlords for thousands of dollars—not the other way around. 2d 137, 139 (Fla.

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PBWT

MARCH 2, 2021

Protecting Trade. Bankruptcy judges are often and understandably the most protective of “the little guy” – the trade creditor who might not focus on or understand the significance of a notice from a faraway Bankruptcy Court. Due Process.

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Troutman Sanders

SEPTEMBER 29, 2023

Yesterday, the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) (collectively, the agencies) filed an amici curiae brief urging the U.S. Because the plaintiff did not allege any additional steps the defendant could have taken, the court granted summary judgment in the defendant’s favor.

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Troutman Sanders

MAY 8, 2023

The Federal Trade Commission (FTC) has reached a settlement with Nexway, Inc. In the stipulated judgment, Nexway, its affiliates, and officers, neither admitted nor denied the allegations in the complaint. In addition to imposing a monetary judgment of $16.5 In addition to imposing a monetary judgment of $16.5

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Troutman Sanders

MARCH 28, 2023

The Federal Trade Commission (FTC) has reached a settlement with three companies over an alleged telemarketing scam involving extended automobile warranties. Also, if the companies are found to have misrepresented their financial status, the full judgment would be immediately payable. In addition to imposing a penalty of $6.6

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Financial Forensic Services

SEPTEMBER 7, 2021

The Consolidated Space Operations Center, the Air Force Academy, Fort Carson, and the North American Aerospace Defense Command and the anticipated Free Foreign-Trade Zone to name a few. They help other protect trade secrets, and ferret out white-collar crime. Diagnostic & Prescriptive Judgment Enforcement By: Joe H.

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Collection Industry News

NOVEMBER 16, 2021

On November 8, 2021 the Federal Trade Commission (FTC) announced that it entered into a stipulated order with a payment processor, resolving allegations that the payment processor violated Section 5 of the Federal Trade Commission Act (FTC Act) and the Telemarketing Sales Rule (TSR) ???by Source: site.

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Burr Forman

JULY 9, 2021

In affirming the lower court’s findings, the Eleventh Circuit held that a defendant does not “recklessly” violate the FCRA unless its interpretation of the FCRA’s requirements was “objectively unreasonable” under the statute itself or under other applicable guidance outlined by the courts or agencies such as the Federal Trade Commission (“FTC”).

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Troutman Sanders

AUGUST 16, 2023

That order granted partial summary judgment in Ripple Labs’ favor regarding the sale of its XRP token. Ripple Labs, Inc. as to the two adverse liability determinations in her July 13, 2023 order.

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Troutman Sanders

FEBRUARY 23, 2023

On February 16, the Department of Justice (DOJ) filed a complaint in the district court for the Southern District of California on behalf of the Federal Trade Commission (FTC) against seven corporate entities and five individuals acting as officers and/or owners of the corporate entities. million judgment against the defendants.

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Troutman Sanders

JULY 17, 2023

Deceptive advertisements, market manipulation, misappropriation of customer funds, and “Ask Me Anything (AMA)” sessions served as the catalysts of a civil enforcement action the Federal Trade Commission (FTC) recently filed against bankrupt digital asset services provider Celsius Network LLC (Celsius) and its co-founders on July 13.

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