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Remembering Larry Vasbinder: A Visionary in the Receivables Management Industry

Account Recovery

Over the next 30 years, Larry excelled in a variety of leadership roles, including Chief Financial Officer and Chief Operating Officer, at financial services and consumer debt companies. During his career, Larry oversaw the acquisition of over 500 receivables portfolios.

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Is Debt Settlement Legit?

Titan Consulting

Multiple state and federal agencies strictly regulate the debt settlement industry. All types of debt relief programs come with negative consequences, including non-profit credit counseling and bankruptcy, and will directly or indirectly negatively impact your credit score. State and Federal Regulations for Debt Settlement.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On November 8, the New York Department of Financial Services, through a special state law-established Private Student Loan Refinancing Task Force, issued a request for information (RFI), pertaining to student loan refinancing. Prop 209 is expected to become law in January 2023. For more information, click here.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

The court’s orders bar the individuals and their companies from directly or indirectly engaging in telemarketing, debt relief services, and making any misrepresentations or unsubstantiated claims about any product or service. For more information, click here. For more information, click here.

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Court Finds Letter Warning Consumer of Tax Consequences for Debt Forgiveness Does Not Violate the FDCPA

Troutman Sanders

LTD Financial Services, L.P. , LTD Financial Services, L.P. , The plaintiff owed a debt of $4,528.59 In Bordeaux v. 2:16-0243 (KSH) (CLW) (D.N.J 2:16-0243 (KSH) (CLW) (D.N.J The District of New Jersey rejected these claims, finding that the letters were not false or misleading.

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Passive Debt Buyer May Delegate Dispute Communications to Third Party

Consumer Financial Services Law

A New York District Court recently addressed the issue of whether the FDCPA requires passive debt buyers to personally register disputes or whether they can delegate that obligation to their third party debt collector/servicer. Passive debt buyers purchase debt but retain third parties to service and collect the debt.

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Navient Settles with State AG Coalition Over Alleged Unfair, Deceptive, and Abusive Student Loan Origination and Servicing Practices

Troutman Sanders

Beyond the student loan and mortgage context, state attorney generals have advanced this theory in their investigations of auto lenders [4] and debt settlement companies. [5]. However, this concern seems to be evolving into additional products. 1, 2021), [link] ; See e.g., Final Judgment, Commonwealth v.