Collection Industry News

JUNE 28, 2022

and begin making good judgments regarding spending. The post Travis Credit Union to offer free youth financial education at Diablo Valley College appeared first on Collection Industry News. They will be able to distinguish between good and poor financial decisions. Admission to this event is free.

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Turbo Recovery

JUNE 6, 2018

A judgment is awarded in your favor, but the debt still isn’t paid. You call Point Law and say “we have a judgment, so what do we do now? Unfortunately, even if you do sue and are awarded judgment, you aren’t done. How many other judgments do they have against them? What’s next?” We see what assets are there.

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Turbo Recovery

JUNE 6, 2018

A judgment is awarded in your favor, but the debt still isn’t paid. You call Turbo Debt Recovery and say “we have a judgment, so what do we do now? Unfortunately, even if you do sue and are awarded judgment, you aren’t done. How many other judgments do they have against them? What’s next?”. We see what assets are there.

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Troutman Sanders

DECEMBER 23, 2020

Judge McFarland denied summary judgment for defendants and awarded Plaintiff $122,500 in statutory damages. Ramsey subsequently filed suit and moved for summary judgment – alleging defendants violated the TCPA by contacting him on his cell phone with an ATDS without his prior express consent. Pennsylvania Higher Educ.

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Troutman Sanders

FEBRUARY 7, 2023

District Court for the Northern District of California granted an employer’s motion for summary judgment, rejecting a series of technical arguments advanced by the plaintiff that the employer’s background check authorization forms violated the Fair Credit Reporting Act (FCRA). A recent opinion issued by the U.S. In Keefer v.

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Collection Industry News

APRIL 11, 2022

Department of Education (“Department”) announced a significant new policy that, in some cases, will require owners, investors, and controlling parties of private colleges and universities to guarantee the regulatory liabilities of the school. has consented to or has a judgment of fraud or misrepresentation. Source- site. score below 1.5

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Sawin & Shea

JULY 28, 2021

Civil court judgments (not counting anything that was based on fraud). To discharge a loan taken for an educational purpose, you’ll need to file a certain kind of lawsuit known as an adversary proceeding or adversary suit. We are committed to providing compassionate and non-judgmental representation to all of our clients.

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Collection Industry News

AUGUST 8, 2022

Section 1788.202 prohibits a private education lender or a private education loan collector from making any written statement to a debtor in an attempt to collect a private education loan unless the private education lender or private education loan collector possesses specified information, including 18 items.

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FFGN COLLECT NY

NOVEMBER 30, 2022

In 2021, the allowable legal rate of interest that could be imputed on a consumer debt and added to a potential judgment against a consumer debtor was reduced from 9% to 2%. Creditors collecting debt in New York are allowed to restrain monies from a third party to satisfy the judgment entered.

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FFGN COLLECT NY

JUNE 14, 2024

Regardless of whether your debt collection case is a commercial or consumer claim, there are additional requirements when seeking a judgment against someone. A non-military affidavit or affirmation states that the proposed judgment debtor is not on active duty with any branch of the United States military.

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FFGN COLLECT NY

JANUARY 6, 2023

Putting an end to the use of wage garnishments (income executions) in New York to collect medical judgments. Prohibiting a creditor from entering or enforcing a medical judgment by placing a lien against a debtor’s primary residence. Decreasing the legal rate of interest on consumer claims from 9% to 2%.

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The Kaplan Group

OCTOBER 19, 2020

Instead, I suggest you do what you can to educate yourself about your options. A judgment is the official result of a lawsuit in court. In debt collection lawsuits, the judge may award the creditor a judgment against you. However, certain debts owed to the government may also result in garnishment, even without a judgment.

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Credit Corp

AUGUST 18, 2021

Free educational credit scores— Credit Report Card , for instance—are useful, but they provide a credit snapshot, rather than a full financial picture. Bankruptcies are shown, but judgments and tax liens are no longer listed. No matter what your credit score needs are, ExtraCredit provides tools that can help. Unpack Your Scores.

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FFGN COLLECT NY

SEPTEMBER 11, 2024

Some attorneys may choose to further their legal education by pursuing a secondary degree, such as an LLM (master of laws). The protocol varies at each stage of the debt collection process, including demand, mediation , arbitration , litigation , judgment , and judgment enforcement.

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ABI

JANUARY 12, 2022

United States Dep’t of Educ. , 2] Ona Colette Anne Hull incurred student loan debt totaling approximately $144,000 to fund her education, and had not made payment to her student loans in approximately 7 years. [3] 7] The debtor disagreed and filed a cross motion for Summary Judgment. [8]. State Higher Educ. 1] In Hull v.

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Troutman Sanders

APRIL 2, 2021

the Sixth Circuit affirmed summary judgment for student loan servicer Nelnet, Inc. The panel rejected her characterization and explained that the Department of Education in fact requires lenders of loans held under the Federal Family Education Loan Program (FFELP) to provide rehabilitation programs like the one the plaintiff entered.

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ABI

JANUARY 12, 2022

[v] In July 2018, he filed a petition under Chapter 7 of the Bankruptcy Code and a complaint against the Department of Education for an order discharging his student loan debt. [vi] x] The court’s determination was based upon, among other things, his young age, high-level of education, and previous history of holding steady employment. [xi]

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Public Citizen

APRIL 7, 2022

Would Twitter be legally obligated to hand over the name of the account holder without delay, knowing that the likely result could be an all-expenses paid trip for the Twitter user to a re-education camp in Xinjiang? Our brief urges him to adopt that test, and then to use his best judgment in applying it.

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Collection Industry News

MARCH 23, 2021

The CFPB and the FTC, along with state and federal partners, accomplished much toward stopping unlawful debt collection practices and continuing its vigorous law enforcement, consumer education and public outreach, and policy initiatives. The two judgments ordered nearly $15.2 The CFPB resolved two of these cases.

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Burr Forman

MAY 20, 2021

Prohibiting servicers of private education loans from reporting an adverse item of information relating to the nonpayment of the loan for an established period of time.

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Troutman Sanders

OCTOBER 16, 2023

In its amicus brief, NASAA pushed back on Coinbase’s motion for judgment on the pleadings, which sought to dismiss the SEC’s case with a ruling that Coinbase has not listed investment contracts based on the existing facts. The rules also include servicers of these products subject to the act and licensure. For more information, click here.

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FFGN COLLECT NY

MAY 24, 2021

Although the motivations for the subpoenas are focused on the criminal end, it should be noted that if a company pays education tuition, medical, or any other personal expenses from company funds, corporate barriers that protect an owner’s personal assets risk coming down.

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Jimerson Firm

AUGUST 19, 2021

If the condominium association fails to wait the full forty-five (45) days, and the unpaid assessments are paid before final judgment of foreclosure, the association will not be able to recover attorneys’ fees and costs associated with the foreclosure action. Conclusion.

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PBWT

JULY 1, 2021

Higher Educ. “Balancing all of the evidence and considering the language and purpose of the [Bankruptcy] Code, the [c]ourt determine[d] that the Plaintiff should be required to pay a total of $12,000 (plus interest at the federal judgment rate).” commonly referred to as the Brunner test.” 2d 395 (2d Cir.1987)).

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Troutman Sanders

NOVEMBER 8, 2023

However, an analysis of the plaintiff’s claims under the FDCPA still resulted in judgment in the defendant’s favor. The district court rejected the plaintiff’s § 1692f claim that failing to include a date omitted a material term from the letter which prevented her from making an educated decision.

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Better Credit Blog

FEBRUARY 15, 2021

Education loans, tuition, fines and fees. Though you may be unfamiliar with Fairway, the agency collects on a wide range of consumer debts, including the following: Health insurance billing and follow-up. Self-pay collections. Parking tickets. Government fines and fees. Utility bills. Checking and savings. Mortgages and loans. Credit cards.

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Collection Industry News

JULY 20, 2020

The Education Department is suspending collections on federal student loans and urging private collection agencies to stop pursuing borrowers. An investigation by ProPublica found that court judgments in debt collection lawsuits were twice as high in black communities compared to mostly white neighborhoods.

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Troutman Sanders

AUGUST 1, 2023

On July 24, the Department of Education (DOE) issued a final interpretation to clarify that the Higher Education Act (HEA) preempts state laws and other applicable federal laws “only in limited and discrete respects.” The OAG initially filed the lawsuit in June 2021, and as part of the judgment, between $450,000 and $2.5

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Collection Industry News

FEBRUARY 1, 2022

The office will also offer more generous payment plan options to help students avoid a legal suit or entry of judgment against them. This policy change helps students make public education more affordable and accessible to all Virginians. Virginia is home to some of the best public universities in country.

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Troutman Sanders

MAY 23, 2023

State Activities: On May 19, the Massachusetts Division of Banks and Educational Computer Systems, Inc. For more information, click here. ECSI) entered a consent order that required ECSI to pay a $500,000.00 administrative penalty for operating as an unlicensed student loan servicer. For more information, click here.

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Collection Industry News

DECEMBER 21, 2020

November 9, 2020) for instance a Defendant was just denied summary judgment— i.e. the case is headed to a jury—in a case where the Defendant debt collector claimed it sent the texts at issue manually. Without the evidence, the motion for summary judgment falls flat. In Greiner v. Cadillac Accounts Receivable Mgmt., LEXIS 234221 (E.D.

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Troutman Sanders

JANUARY 20, 2022

The AGs’ complaints also alleged that Navient failed to adequately inform struggling borrowers of the existence of alternative contractual arrangements and failed to inform borrowers that it had recourse agreements in place with educational institutions in the event of default by the borrower. 5] Final Judgment at (IV)(8)(h), Commonwealth v.

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FFGN COLLECT NY

DECEMBER 12, 2023

Gain insight from an attorney’s perspective to educate yourself on preserving your rights, especially if you feel they are threatened. In addition, the attorney must provide a list of income types protected from collection should the court grant the debt collector a judgment on the case.

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Troutman Sanders

MAY 9, 2023

Among other things, the bill: (1) caps the rate of interest on medical debt to 3% per annum; (2) requires a debt collector or collection agency collecting on a medical debt to provide the consumer, upon the consumer’s written or oral request, an itemized statement concerning the debt, while allowing the consumer to dispute the validity of the debt (..)

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Better Credit Blog

FEBRUARY 2, 2021

You should also educate yourself on the basics of the Fair Debt Collection Practices Act before reaching out to BGE Collections. Collections agencies are often the subject of consumer complaints, which center around their communications, failure to validate debts, and faulty reporting. Foreclosure. Repossession. Charge offs. Hard inquiries.

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Collection Industry News

JULY 27, 2021

Court of Appeals for the Seventh Circuit recently affirmed judgments entered in separate cases consolidated on appeal in favor of several credit reporting agencies rejecting consumers’ claims of violations of the federal Fair Credit Reporting Act (FCRA). Source: site. 1681, et seq., but primarily legal issues outside their competency.

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Troutman Sanders

APRIL 26, 2021

The bill would prohibit the use of confessions of judgment in contracts with businesses and would codify existing FTC policy banning such provisions in consumer loan contracts. For more information, click here. On April 14, Senators Sherrod Brown (D-OH) and Marco Rubio (R-FL) reintroduced the Small Business Lending Fairness Act.

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