America’s student loan debt has risen from approximately $500 billion in 2007 to $1.44 trillion in the first quarter of 2017. The New York Fed’s Quarterly Report on Household Debt and Credit reveals that 11 percent of cumulative student loan… Read More ›
The Truth In Lending Act (TILA) requires “meaningful disclosure of credit terms,” which translates to “simple and easy-to-read.” TILA applies to most types of credit, including closed-end credit—such as an auto loan or mortgage, or open-ended credit—such as a credit card. TILA does… Read More ›
June 8, 2017: CFPB Director Richard Cordray announced that the Bureau will combine consideration of first-party creditors and third-party debt collectors for the “right consumer, right amount” aspect of its debt collection rulemaking. They received massive feedback with concerns from… Read More ›
“It was an old bill that I didn’t even know I had!” Nearly two-thirds of people who complained to federal regulators about medical debt collectors said they did not owe the money, a new [2017] report found. Researchers determined that… Read More ›
The NARCA 2017 Spring Conference was held at the beautiful J.W. Marriot in Grand Lakes, Orlando, FL. It was packed with opportunities for education and to network and hold meetings in the hotel’s open lobby and beautiful patios around the… Read More ›
Today’s Guest Blog was written by Spencer B. Lythgoe, Attorney, Cannon Law Associates, Sandy, Utah. Subrogation cases usually involve an insurance agent or attorney who is trying to determine who was really at fault for injuries or property loss…. Read More ›
Today’s Guest Blog was written by Crystal M. Duplay, Esq., Law Offices of Timothy Sullivan. You are attempting to collect a debt and learn that the debtor is now a decedent. How should you proceed? Do you immediately close the… Read More ›