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

Troutman Sanders

28, 2021) , plaintiff Roberta Bordeaux, on behalf of herself and a class of similarly situated persons, asserted that defendant debt collector LTD Financial Services LP (LTD) violated the Fair Debt Collection Practices Act (FDCPA) by sending collection letters, referencing potential tax reporting consequences of accepting a debt settlement.

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What Is a Cashier’s Check? Benefits and How to Get One

Credit Corp

Cashier’s checks are also commonly used in real estate transactions , debt settlements, and other scenarios where trust and security are essential. Here’s a list of alternative approaches: Money orders are prepaid instruments issued by various organizations such as post offices, banks, and retail stores.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

On July 13, state Republican Senator Bob Hackett re-introduced the Financial Accountability and Independence Recovery (FAIR) Act in the Ohio legislature, which would allow debt settlement companies to operate in the state. To learn more about what rights consumers have under the CCPA and what is required of businesses, click here.

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The State of Small Business Debt in 2024: Insights from Global Data

Burt and Associates

-based businesses face unique challenges : Higher interest rates : The Federal Reserve’s interest rate hikes have made borrowing more expensive, increasing monthly debt obligations. Sector-Specific Debt Growth : Retail, hospitality, and construction businesses are seeing the highest increases in outstanding debt.