Jimerson Firm
SEPTEMBER 28, 2020
A residential mortgage foreclosure action is initiated in Florida by filing a verified complaint with the appropriate court. It is important for the plaintiff to check the local rules in the county where the foreclosure action is filed to determine if there are any procedural requirements. 49.08, Fla. 1)(c), Fla.
Collection Industry News
JUNE 5, 2022
and North Carolina’s Unfair and Deceptive Trade Practices Act, N.C. fees for its services and misleadingly represented that it would provide refunds to consumers in the event that it could not obtain loan modifications or prevent foreclosures. § 14-423, et seq. , View source.].
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Collection Industry News
MAY 18, 2021
The decision also clarified that businesses engaged in non-judicial foreclosure proceedings are not debt collectors under the FDCPA. The bill, the Comprehensive Debt Collection Improvement Act, passed the House by a vote of 215-207. It now heads to the Senate for consideration.
Credit Corp
JANUARY 28, 2021
A few weeks ago, the company ( stock trading as ticker: GME) traded around lows of ~$19. Well, A Trading Euphoria Caused By …. For those of you unfamiliar with stock trading, the two firms had shorted the GameStop stock by borrowing the stock to sell at a given price, with the idea that they will purchase back the stock later.
FFGN COLLECT NY
MARCH 15, 2022
In 2015, the Federal Trade Commission came down on Chase for robo-signing affidavits. Chase was one of 13 financial institution censured for robo-signing documents in support of debt collection suits and foreclosure. Such is the case again with Chase. But robo-signing wasn’t just happening within Chase.
Troutman Sanders
JANUARY 30, 2023
On January 26, the Securities and Exchange Commission (SEC) rejected Cboe BZX Exchange’s (BZX) request to list and trade Ark 21Shares, the proposed spot-Bitcoin exchange traded fund (ETF) managed by asset managers ARK Investment Management and 21Shares (collectively hereinafter, the “trust). For more information, click here.
Troutman Sanders
MAY 16, 2022
Senate voted 51-50 to confirm Alvaro Bedoya as a member of the Federal Trade Commission, requiring Vice President Kamala Harris to cast the tie-breaking vote. The bill — which we anticipate Governor Hochul to sign as passed — sets out to accomplish this by amending several statutes that govern foreclosures under New York law.
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