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What Is a UCC Filing?

Nerd Wallet

A Uniform Commercial Code filing, also known as a UCC filing, is a document that lenders use to establish their legal right to assets that a borrower uses to secure a loan. This notice allows the lender to seize the borrower’s collateral in the case of default. UCC filings can cover a specific piece of. Email: rkriss@nerdwallet.com.

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CFPB Continues to Focus on Tuition Payment Plans Offered by Colleges and Universities in Latest Report

Troutman Sanders

In the press release announcing the issuance of the report, CFPB Director Rohit Chopra stated, “[t]uition payment plans offered by schools may look like a good option, but this report shows student borrowers can end up paying high fees, be forced to sign away their legal rights, or even have their transcript withheld by their school.”

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What New Debt Collector Rules Mean for You

Nerd Wallet

adults with debt in collections, knowing their legal rights is crucial. Working with third-party debt collectors can be confusing and scary. For the more than 68 million U.S. The Fair Debt Collection Practices Act covers third-party debt collectors — those who buy a delinquent debt from an original creditor, like a credit card company.

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Statement of CFPB Director Rohit Chopra on Proposed Registry of Supervised Nonbanks that Use Form Contracts to Impose Terms and Conditions that Seek to Waive or Limit Consumer Legal Protections

Consumer Finance

CFPB Director Chopra’s statement on the proposed registry of contract terms used by supervised nonbank financial companies to prevent negative reviews or to limit consumers’ legal rights and protections.

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What Athletes Need to Know About Nil Law and Compensation

Jimerson Firm

From a legal perspective, the term “NIL” generally refers to an individual’s legal right to control the usage of their name, image, or likeness.

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Recent Changes in NCAA NIL Policy

Jimerson Firm

From a legal perspective, the term “NIL” generally refers to an individual’s legal right to control the usage of their name, image, or likeness. Founded in 1905, the NCAA regulates intercollegiate sports.

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What Employers Need to Know About the “Executive” Exemption Under the Federal Fair Labor Standards Act (FLSA)

Jimerson Firm

Understanding the executive exemption is crucial for employers and employees alike, as it impacts the legal rights and responsibilities in the workplace. 2014) , that exemplifies the application of these criteria in determining exemption status.