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Collector Facing FDCPA Class Action For Not Adjusting Post-Judgment Interest Rate

Account Recovery

A collection operation is facing a Fair Debt Collection Practices Act class action lawsuit for not adjusting the post-judgment interest rate after the state of Kentucky changed the maximum rate that could be charged seven years ago, according to a copy of the complaint.

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Appeals Court Vacates Summary Judgment Award in FDCPA Case, Dismisses for Lack of Standing Instead

Account Recovery

She sought damages for these alleged injuries, asserting violations of the FDCPA: A District Court judge granted summary judgment for the defendant, ruling that the interest rate the defendant attempted to collect did not constitute a violation of the FDCPA.

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Judge Grants Partial Summary Judgment to Both Sides in FDCPA Case Over Judgment

Account Recovery

A District Court judge in Nevada has granted partial summary judgment to both the plaintiff and the defendant in a Fair Debt Collection Practices Act case, ruling that while the defendant’s actions in obtaining a default judgment were improper, the subsequent attempts to collect the debt were permissible under the law.

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Post-Judgment Remedies: What are your options as a business owner?

Collections Law

Obtaining a judgment is just the beginning of the commercial collections journey. The real challenge lies in enforcing that judgment and getting paid. Using ethical, but aggressive and relentless collections tactics, our commercial collection lawyers employ post-judgment remedies available to business owners in Massachusetts.

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NCLC Report Grades States on Garnishment, Judgment Protections

Account Recovery

A report issued last week by the National Consumer Law Center grades each state on its exemption laws, which determine how much consumers can protect from judgments and garnishments, determining that none of the 50 states or other territories meet what the organization defines as the five basic standards.

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Judge Vacates Default Judgment Against Defendant in FDCPA Suit

Account Recovery

A District Court judge in Indiana has granted a motion to vacate a default judgment that was entered against a defendant in a Fair Debt Collection Practices Act case, ruling that the plaintiff never properly served the defendant with the summons and complaint, after the defendant removed the case to federal court.

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N.Y. Enacts Law Lowering Judgment Interest on Consumer Debts

Account Recovery

The Governor of New York last week signed a bill into law that will lower the interest rate that can be charged on unpaid money judgments to 2%. The law not only applies to new judgments, but also will be applied retroactively to any judgment that is not fully paid or satisfied when the law … The post N.Y.

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