Troutman Sanders

NOVEMBER 13, 2023

Among other things, the updated draft includes the following: ○ Employees of debt collectors are not required to be licensed under the DCLA when acting within the scope of their employment by a licensed debt collector; ○ A creditor, including a provider of nonfinancial services, seeking repayment in its own name of consumer debt arising from a consumer (..)

Financial services 52

Financial services Manufacturing Debt Management Debtor 52

Collection Industry News

SEPTEMBER 2, 2024

Debt collectors must provide a validation notice within five days of their first communication, which details the amount of the debt, the creditor, and the steps the consumer can take if they wish to dispute it. Validation of Debts Under the FDCPA, consumers have the right to dispute their debt.

Fair Debt Collection 40

Fair Debt Collection Debt collector Collections Acquisition 40

Burr Forman

JANUARY 7, 2021

Hanna Lahr practices in the firm’s Creditors’ Rights & Bankruptcy group. Hanna’s practice focuses on representing creditors and debtors, both in and out of court, to, among other things, enforce and/or restructure debt obligations, including through the bankruptcy process. Birmingham. Campbell Moot Court Board.

Manufacturing 40

Manufacturing Bankruptcy Acquisition Creditors 40

BN Lawyers

SEPTEMBER 25, 2019

For the last three years, Mr. Shannon has represented debtors, committees, trustees and creditors in bankruptcy litigation, and out-of-court workouts, and distressed acquisitions. RJ will join the firm’s Bankruptcy and Reorganization practice group, where he will focus on business reorganization and bankruptcy litigation.

Bankruptcy 40

Bankruptcy Acquisition Debtor Creditors 40

Consumer Financial Services Law

AUGUST 31, 2016

Atlas Acquisitions, No. The court took a broad view of the meaning of a claim, holding that a “claim” is defined as a right to payment and that a creditor with a stale debt retains some right to payment. 15-1495, 2016 U.S. LEXIS, *22-23 (4 th Cir. It simply limits the avenues of recourse. ·

Chapter 13 bankruptcy 40

Chapter 13 bankruptcy Bankruptcy Debt collector Acquisition 40

Consumer Financial Services Law

DECEMBER 21, 2016

Palisades Acquisition XVI, LLC, 635 F. The consumer filed suit against the creditor and its attorneys asserting the defendants violated sections 1692e and f by making further attempts to garnish wages which defendants knew were exempt and by making false representations in the objection as to its merits and as to its timeliness.

Garnishment 40

Garnishment Law Firms Acquisition Debtor 40

FDCPA Defense

MAY 6, 2014

In its Bulletin issued in July 2013 , the CFPB took the position that creditors, debt buyers and third-party collectors often make representations to consumers about credit-related issues in order to persuade them to pay. Equifax Check Services, Inc., 3d 410, 418 (7th Cir.

Creditworthiness 40

Creditworthiness Debtor Debt collector Consumer Credit 40

Fico Collections

JANUARY 18, 2023

there’s plenty of capital available and relatively modest collections portfolios, with most creditors reporting lower collections volumes than expected. Data capture at customer acquisition should not be limited to data that is required to complete the originations process. in the year to Oct 2021 (The Money Charity, Dec 2021).

Collections 52

Collections Retrieval Lender Debtor 52