True Accord
JUNE 20, 2024
This constitutionality case was brought by representative groups of the payday loan industry, the Community Financial Services Association of America and the Consumer Service Alliance of Texas, alleging that the CFPB’s funding mechanism is unconstitutional under the Appropriations Clause.
Jimerson Firm
NOVEMBER 13, 2023
Most importantly, civil theft requires a heavier burden of proof and carries additional legal consequences and remedies, including the potential for treble damages (three times the actual damages). Conversion Conversion refers to the wrongful exercise of control over someone else’s property without their permission or legal right.
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Nexa Collect
NOVEMBER 1, 2021
That is why a creditor must attempt to file a legal suit in which the debtor must declare all his assets under oath when asked by the judge. Debtors are legally bound to pay their liabilities like outstanding credit cards or unpaid bills etc. Blockchain restructured the financial system in a decentralized way.
Jimerson Firm
DECEMBER 14, 2021
9), which prohibits a person from attempting or threatening to enforce a debt it knows is not legitimate or asserting some other legal right it knows does not exist. Had actual knowledge that the right did not exist. One example of a prohibited practice is provided in Section 559.72(9), Bank Nat’l Ass’n, 245 F. 2017); § 559.72(9),
Troutman Sanders
FEBRUARY 28, 2022
In announcing the annual list, the CFPB asserted that the list is crucial for families recovering from the financial impact of the COVID-19 pandemic and seeking new jobs and places to live. Troutman Pepper will continue to monitor CFPB activity and other important updates within the consumer financial services industry.
Troutman Sanders
SEPTEMBER 15, 2023
In the press release announcing the issuance of the report, CFPB Director Rohit Chopra stated, “[t]uition payment plans offered by schools may look like a good option, but this report shows student borrowers can end up paying high fees, be forced to sign away their legal rights, or even have their transcript withheld by their school.”
Collection Industry News
DECEMBER 16, 2024
The FTC filed lawsuits in September 2020 against National Landmark Logistics and Absolute Financial Services, which operated under other names including National Landmark Service of United Recovery, Silverlake Landmark Recovery Group, Absolute Financial Services Recovery, AFSR Global Logistics, and Tri-Star.
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