Think debt collection and the inevitable image is bailiffs, dressed to intimidate at the door carrying court warrants and demanding money. It’s an industry that has struggled to change its image but in Norway, at least, that is beginning to … Continue reading →
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The U.S. Bankruptcy Court for the Eastern District of Pennsylvania recently held that a debtor alleged a plausible claim against a mortgage loan servicer under the federal Fair Debt Collection Practices Act (FDCPA) based on the servicer’s proof of claim … Continue reading →
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If you received a letter from RIP Medical Debt and “The Mystery Hour” saying your medical debt has been forgiven, don’t assume it’s a scam. Letters have been sent out to households throughout the Ozarks, informing folks that they no … Continue reading →
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Friday, February 21, 2020 Recently, the Northern District of California joined other courts in more closely scrutinizing class certification motions in TCPA cases. In a case involving an automated phone call by a loan servicer regarding Plaintiff’s student loans, the … Continue reading →
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skynesher | E+ | Getty Images If you’re like many Americans, you’re carrying a balance on your credit cards. And the candidate you choose in November for president could have an effect on how well you grapple with those debts. … Continue reading →
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Managing your money isn’t easy, and one of the most challenging parts is noticing blind spots before they become problematic. Nobody has all the answers when it comes to finance, but sometimes even one innocent mistake can lead to a … Continue reading →
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Randal K. Quarles, vice chairman for supervision of the Federal Reserve Board of Governors, said the Fed will be looking at all of the effects the Current Expected Credit Losses accounting standard has on the industry and on individual institutions. … Continue reading →
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Consumers are feeling better about taking on more debt. © Getty Images/iStockphoto Americans’ financial satisfaction recently hit a 10-year high, according to an analysis by the American Institute of CPAs. U.S. household debt hit $14 trillion in the fourth quarter … Continue reading →
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When a lawyer sends a demand letter for a client, does that make her a debt collector? That’s the question in a lawsuit by a Dallas-area attorney who became embroiled in a billing dispute with a roofing company that worked … Continue reading →
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An estimated 30,000 student loan borrowers thought their private loans were discharged when they declared bankruptcy years ago — but their student loan lender, Navient, disagreed. Navient continued collecting for those loans, and now the borrowers are suing in the … Continue reading →
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