Account Recovery

JULY 16, 2021

A District Court judge in Michigan has granted a defendant’s motion for summary judgment in a Fair Credit Reporting Act case while also denying the defendant’s motion for sanctions, but noting that he was “troubled” by the plaintiff’s counsel’s conduct in the case and “expressly” warning that “continuing (..)

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Account Recovery

MARCH 13, 2023

A District Court judge in Illinois has denied a defendant’s motion for summary judgment in a Fair Credit Reporting Act case, determining that the defendant did not conduct a reasonable investigation into the plaintiff’s dispute because it did not actually read the dispute and look into what the plaintiff submitted.

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Judgment Credit Unions Credit Unions 237

Jimerson Firm

JANUARY 31, 2023

Banks and credit unions should not only routinely require, but also closely scrutinize, criminal background checks during the hiring process in order to maintain compliance with applicable regulatory schemes. The SBA regulations will apply to both banks and credit unions that process SBA loans. 12 CFR § 741.3.

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Collection Industry News

JUNE 28, 2022

That’s why Travis Credit Union (TCU) is offering an in-person Mad City Money Youth Financial Boot Camp, designed to prepare the next generation with personal finance skills for the workforce. Travis Credit Union is offering a free Mad City Money event in Pleasant Hill. and begin making good judgments regarding spending.

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Nexa Collect

MARCH 12, 2021

The CFPB has the authority to stretch its long arm as far as the most remote corner of the United States and its territories in order to supervise and audit local banks, credit unions, payday lenders, debt collection agencies, and more. All that being said, in Puerto Rico interest is allowed on money judgments, at a rate of 6%.

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Consumer Financial Services Law

OCTOBER 13, 2016

The CFPB’s Consent Order with Navy Federal Credit Union (“NFCU”) should provide a wakeup call for all community banks and credit unions as to how they conduct their internal debt collection efforts. The CFPB also noted that the credit union’s letters miscommunicated the credit consequences of delinquency.

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Troutman Sanders

MAY 2, 2022

District for the Southern District of New York Judge Mary Kay Vyskocil issued an order , enjoining three named sheriffs in New York from enforcing the recently enacted New York Fair Consumer Judgment Interest Act (Act) on a retroactive basis and directs the plaintiffs to deliver notice of the same to all 62 sheriffs located within the state.

Judgment 52

Judgment Credit Unions Credit Unions Accrued Interest 52

Troutman Sanders

MARCH 22, 2023

An Illinois federal district court recently denied a creditor-defendant’s motion for summary judgment in a Fair Credit Reporting Act (FCRA) case brought by a consumer who questioned why his debt was being reported twice — as both a tradeline with the original creditor and as a tradeline with a third-party collection agency.

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Judgment Credit Unions Credit Unions Collection Agencies 52

Better Credit Blog

JUNE 1, 2022

Trying to get approved for credit can be a sort of Catch-22: Creditors want proof that you’ve handled a credit card well before, but without a credit card already in hand it can be hard to show you’re a good risk. What Is A Credit Builder Loan. How Credit Builder Loans Work. Importance of Credit History.

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Loans Credit Unions Credit Unions Lender 95

PBWT

NOVEMBER 15, 2020

In 2015, Defendants brought a motion for summary judgment under section 546(e), arguing that the transfers were protected by the safe harbor. The court thus granted the motion for summary judgment. For these reasons, the court denied the motion for summary judgment. in connection with a securities contract.”

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Bankruptcy Financial Institution Debtor Judgment 104

Sawin & Shea

JUNE 16, 2021

Tip: Credit unions often offer better rates than banks because they are non-profit organizations. At Sawin & Shea LLC, we are committed to providing compassionate and non-judgmental representation to all of our clients. Compare the loan offers by examining such things as the APRs, fees, and loan terms. We are here to help.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Loans 98

Debt Guru

APRIL 12, 2020

The resulting court judgment remains public for seven years, and a successful lawsuit can lead to garnishment of your wages or even seizure of your assets. At the same time, payday lenders will start calling you and sending letters from their lawyers. They may even call your personal references.

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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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Collections Credit Unions Credit Unions Judgment 52

Troutman Sanders

DECEMBER 13, 2022

The CFPB would then include all final public written orders and judgments (including consent and stipulated orders and judgments) issued by the CFPB or any government agency for violation of certain consumer protection laws on an online registry.

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Credit Unions Credit Unions Judgment Government 52

Credit Corp

JUNE 8, 2023

The bureaus collect and store your credit information in your credit file for future reference. Businesses, such as auto loan lenders, banks, credit unions, credit card companies and insurance agencies—even employers—use your credit data from the credit bureaus to determine your risk level.

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Fico Collections

JULY 19, 2021

This makes them an ideal solution for banks and credit unions that don’t have enough data to create their own custom models but still want the flexibility to grow their portfolios responsibly. It is typically viewed as the most practical and cost-effective way to generate scores for new applicants as well as existing customers.

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Better Credit Blog

AUGUST 21, 2020

There are a lot of factors affecting your credit score , with some carrying more weight than others. The issues above can hinder your access to both revolving lines of credit and installment loans. With a 560 credit score, you’ll have very limited loan options and will have a hard time getting approved for unsecured credit cards.

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Credit Unions Credit Unions Personal loans Loans 52

Troutman Sanders

OCTOBER 16, 2023

On October 11, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion concerning consumers’ requests for information regarding their accounts with large banks and credit unions. On October 11, the CFPB published its analysis regarding the nonsufficient fund (NSF) fee practices of a number of banks and credit unions.

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Financial services Student loans Student Loans Credit Unions 52

Troutman Sanders

JANUARY 20, 2023

Grow Financial Federal Credit Union (Grow Financial), the plaintiff alleged she agreed to pay a moving company $700 for a move. In Monroe v. The moving company sent a request to Grow Financial to process a debit from the plaintiff’s checking account for $3,371.

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Credit Unions Credit Unions Judgment 52

Jimerson Firm

FEBRUARY 18, 2021

5th DCA 1988) (reversing a summary judgment in favor of the bank because the bank delayed recording the notice of commencement). Credit Union , 46 So. . § 713.13(7) & Loan Ass’n , 533 So. 2d 948, 950 (Fla. Notice of Termination of NOC. 713.3471(c). As the First District Court of Appeal noted in Whitehead v.

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Construction Lender Loans Banks 98

Collection Industry News

MAY 18, 2021

The borrowers most impacted by the consequences of this provision will be low- and moderate-income borrowers whose financial well-being could benefit the most from access to affordable credit from a credit union.”.

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Troutman Sanders

JANUARY 6, 2023

The CFPB would then include all final public written orders and judgments (including consent and stipulated orders and judgments) issued by the CFPB or any government agency for violation of certain consumer protection laws on an online registry. Nonbank Registration: Terms and Conditions.

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Troutman Sanders

NOVEMBER 2, 2020

The legislation would benefit banks and credit unions with assets under $15 billion. On October 23, lawmakers in the House of Representatives introduced a bill to exclude Paycheck Protection Program (PPP) loans from regulators’ calculations of the asset size of smaller banks. For more information, click here.

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Financial services Financial Institution Loans Credit Unions 52

Debt RR

AUGUST 3, 2020

Common reasons for bank account garnishment in Texas include: Private creditors: These are banks, credit unions, credit card companies, peer-to-peer lenders, hard money loan providers, and other financial institutions. This debt can include anything from credit cards to past due balances on office space.

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Better Credit Blog

AUGUST 21, 2020

Individuals with “fair” credit scores usually have late payments on their credit reports , some of which may have gone to collections. Others are on the path to repairing their credit, as it takes time to recover from more severe credit occurrences like bankruptcy , foreclosures , or judgments.

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Personal loans Loans Lender Debt Consolidation 59

Jimerson Firm

JANUARY 12, 2023

The Clayton Court was asked to decide the question of “whether Florida’s offer of judgment statute is preempted by [the federal Fair Debt Collection Practices Act (“FDCPA”)].” in an effort to encourage settlement of disputes. Bryan , 753 So. 2d 632 (Fla. 5th DCA 2000). Similar to Rivera , in the case of James Fisher v.

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Lawyers Consumer Collections Financial services Judgment 52

Jimerson Firm

JANUARY 16, 2023

If the lienholder posts a surety bond, the bond must be payable to the person claiming the lien and conditioned for the payment of any judgment which may be entered on the lien. 559.917(1)(a). 559.917(1)(a). 559.917(1)(a).

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Jimerson Firm

JANUARY 17, 2023

1 st DCA 2007), the business attempted to defend against an FCCPA violation by aruing that even if there was an FCCPA violation, the consumer had not incurred any damages and therefore the business should be entitled to summary judgment. Household Bank, Ltd. , 2d 509 (Fla.

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Consumer Collections Fair Debt Collection Financial services Banks 52

Jimerson Firm

JANUARY 12, 2023

a mechanic’s lien, judgment lien, lis pendens, etc.), Any closing attorney will tell you the same thing as it relates to title defects: the more notice there is to deal with the title issue, the smoother the closing will go. In other words, if you are going to sell your property, and you know that there is a cloud on title (i.e.,

Mechanic’s Liens 52

Mechanic’s Liens Lender Loans Lawyers 52

Troutman Sanders

JULY 5, 2023

financial institutions, including banks, savings associations, credit unions, and mortgage companies. To be considered for membership, the CFPB must receive your completed application packet on or before Sunday July 16. The HMDA data are the most comprehensive publicly available information on mortgage market activity.

Financial services 52

Financial services Financial Institution Credit Unions Credit Unions 52

Troutman Sanders

JUNE 14, 2023

On June 8, the board of governors for the Federal Reserve (the Fed), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), and the OCC requested public comment on proposed guidance addressing reconsiderations of value (ROV) for residential real estate transactions.

Financial services 52

Financial services Financial Institution Trade Student loans 52

Troutman Sanders

OCTOBER 26, 2020

The legislation would benefit banks and credit unions with assets under $15 billion. 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.

Financial services 52

Financial services Foreclosure Financial Institution Banks 52

Troutman Sanders

MARCH 14, 2023

The act will not affect the validity of any civil action or arbitration filed or commenced by a debt buyer, or any judgment entered in favor of a debt buyer, before the law takes effect. A “debt buyer” is defined a person who is regularly engaged in the business of purchasing charged-off consumer debt for collection purposes.

Financial services 52

Financial services Student loans Student Loans Loans 52

Troutman Sanders

MARCH 6, 2023

The act will not affect the validity of any civil action or arbitration filed or commenced by a debt buyer, or any judgment entered in favor of a debt buyer, before the law takes effect. A “debt buyer” is defined a person who is regularly engaged in the business of purchasing charged-off consumer debt for collection purposes.

Financial services 52

Financial services Student loans Student Loans Loans 52

Account Recovery

OCTOBER 24, 2024

Most days, when it comes to writing about legal rulings, I tend to stick to rulings that are considered dispositive — where a motion to dismiss or motion for summary judgment or motion for judgment on the pleadings are ruled on — motions that can bring a case to an end. Today’s case is a little different.

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