Mon.Jan 22, 2024

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CFPB, 7 AGs Sue Debt Relief Scammers for Bilking $100M from Consumers

Account Recovery

The Consumer Financial Protection Bureau, in partnership with the Attorneys General of seven states, have filed suit against a debt relief operation and a web of shell companies that are accused of collecting hundreds of millions of dollars in illegal fees from consumers.

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Councils use of Bailiffs for Debt Collection up by 20%

UK debt collections

Referrals to bailiffs in England and Wales to recover unpaid council debts have risen by nearly 20%, a BBC investigation has found. Birmingham’s 500% rise in referrals between 2022 and 2023 topped the list of 280 councils that replied to a File on 4 Freedom of Information request. Figures suggest there is £500m of uncollected public debt each year, adding to councils’ strained finances.

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Daily Digest, January 22. Judge Denies Motion to Compel in Hunstein Case; CFPB, 7 AGs Sue Debt Relief Scammers for Bilking $100M from Consumers

Account Recovery

Judge Denies Motion to Compel in Hunstein Case CFPB, 7 AGs Sue Debt Relief Scammers for Bilking $100M from Consumers Ed. Dept.

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Oh, the Weather Outside is Frightful, But Baby Bonds are so Delightful

Prosperity Now

As chilly winter weather sets in across much of the country, here at Prosperity Now, our hearts are being warmed by a slew of action on Baby Bonds as the new legislative session kicks off in many states. So let it snow, let it snow, let it snow! We’ll be keeping nice and warm campaigning for every kid’s future in the halls of state legislatures!

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Solve Your Firms Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

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Compliance Digest – January 22

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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Judge Denies Motion to Compel in Hunstein Case

Account Recovery

It’s been a while since we have seen one of these … A District Court judge in Alabama has dismissed a Fair Debt Collection Practices Act case for lack of standing because the plaintiff did not suffer a concrete injury after the defendant was accused of disclosing her information to a third party when it […]

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CFPB Amicus Brief Supports FDCPA Claim for Unknowing Stay Violation

Troutman Sanders

On January 2, the Consumer Financial Protection Bureau (CFPB) filed an amicus curiae brief urging the U.S. Court of Appeals for the First Circuit to reverse a district court’s decision finding that a debt collector lacked the requisite knowledge and intent to violate the Fair Debt Collection Practices Act (FDCPA) when it sent a debt-collection communication prior to any knowledge of the debtor’s bankruptcy filing.

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EDWARD PURCELL APPOINTED TREASURER OF THE SOMERSET COUNTY BAR ASSOCIATION

Price Meese

PMSD is proud to announce that Of Counsel, Edward W. Purcell, Esq, was appointed Treasurer of the Somerset County Bar Association on January 18, 2024. Mr. Purcell is very active with the County Bar and has helped organized its annual Land Use Symposium every spring. Mr. Purcell looks forward to serving the Somerset County Bar and its members. The post EDWARD PURCELL APPOINTED TREASURER OF THE SOMERSET COUNTY BAR ASSOCIATION appeared first on Price, Meese, Shulman & D’Arminio, PC.

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Chase Freedom Student credit card review 2024

Collection Industry News

Editor’s Note: The Chase Freedom® Student credit card is no longer available to new applicants. Please see the issuer’s website for more information about available offers. Card details for The Chase Freedom® Student credit card have been collected independently by CNN Underscored Money and have not been reviewed or approved by the card issuer. Our quick take: The Chase Freedom® Student credit card is an ideal choice for college students thanks to its easy-to-earn sign-up bonus, yearly good-stan

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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A Debtor’s Lack of Immediate Financial Distress may be “Cause” for Dismissal

ABI

Blaise Muriel St. John’s University School of Law American Bankruptcy Institute Law Review Staff Section 1112 of title 11 of the United States Code (the "Bankruptcy Code") provides that upon request from a party in interest, a bankruptcy court may dismiss a chapter 11 case for "cause." [1] In In re LTL Management, LLC , the U.S. Bankruptcy Court for the District of New Jersey held that dismissal of a chapter 11 reorganization proceeding was necessary under the Third Circuit’s recently artic

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Ed. Dept. Cancels $5B More in Unpaid Student Loans

Account Recovery

The federal government on Friday announced it had approved the forgiveness of $4.9 billion of unpaid student loans for 73,000 individuals as a result of adjustments to the income-driven repayment (IDR) forgiveness and Public Service Loan Forgiveness (PSLF) programs. The Biden Administration has now forgiven $136.6 billion of student loans for 3.7 million individuals.

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Decoding Chapter 12 Bankruptcy: Navigating the 20-Year Treasury Bond Rate vs. National Prime Rate Dilemma in Determining Discount Rates on Secured Creditor Claims

ABI

Michael Kleinman St. John’s University School of Law American Bankruptcy Institute Law Review Staff Under chapter 12 of title 11 of the United States Code (the “Bankruptcy Code”), a family farmer or fisherman can restructure its debts. In a Chapter 12 bankruptcy, the debtor generally proposes a plan for repaying creditors from future earnings. [1] Under a Chapter 12 plan, secured creditors will generally be paid in full, while unsecured creditors will often receive less than full payment. [2