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Suit Accuses Collector of Sending Text One Day After Plaintiff Opted Out Appeals Court Overturns Ruling in FDCPA Case, Says Plaintiff Lacked Standing Senators Encourage CFPB to Move Forward with Medical Debt Protections Fewer People Paying in Full WORTH NOTING: Tonight’s Mega Millions jackpot is nearly $1 billion.
Most attorneys should probably be ruled by their calendars, with law practices running on deadlines. That’s especially true for litigation firms, which take direction from court rules and judges about when and how things get done. Of course, the problem with just taking a final deadline, and dropping that onto the calendar ( like: attend a hearing, send a document), is that you’re usually left just triaging everything , at the very last minute.
EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more?
If your company is struggling financially, it helps to have a broad understanding of the different business recovery options that are potentially available. But if your business needs urgent support, seek the support of experienced insolvency practitioners without delay. The total number of company insolvencies in 2023 was 25,158, the highest number since the year 1993 and 14% higher than 2022, according to The Gazette.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
The Court of Appeals for the Seventh Circuit has vacated a lower court’s summary judgment ruling in favor of a plaintiff in a Fair Debt Collection Practices Act case and remanded the case back to the District Court so it can be dismissed because the plaintiff lacked standing to sue in the first place.
In his State of the Union address Thursday night, President Joe Biden talked up his administration’s work to forgive the student debt of nearly 4 million people. “When I was told I couldn’t universally just change the way in which we dealt with student loans,” Biden said, “I fixed two student loan programs that already existed to reduce the burden of student debt for nearly 4 million Americans, including nurses, firefighters and others in public service.
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In his State of the Union address Thursday night, President Joe Biden talked up his administration’s work to forgive the student debt of nearly 4 million people. “When I was told I couldn’t universally just change the way in which we dealt with student loans,” Biden said, “I fixed two student loan programs that already existed to reduce the burden of student debt for nearly 4 million Americans, including nurses, firefighters and others in public service.
Is the era of paying for things in full at once dying? Should collection agencies stop asking consumers to pay the balance of a debt in full? It might be worth considering, thanks in part to the growing popularity of Buy Now, Pay Later plans and increasing usage of split payments.
A group of 10 Senate Democrats, led by Sen. Sherrod Brown [D-Ohio], the chairman of the Senate Banking Committee, have sent a letter to the director of the Consumer Financial Protection Bureau encouraging the regulator to move forward with its proposed rule that would remove medical debts from consumers’ credit reports.
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