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Washington Federal Court Rejects Hunstein; Holds Article III Standing Exists in FDCPA Letter-Vendor Claim

Nearly two years after the Supreme Court’s 2021 decision in Transunion v. Ramirez, courts and litigants continue to grapple with standing issues in Fair Debt Collection Practices Act (FDCPA) cases brought by plaintiffs alleging intangible harms to reputation and privacy interests.…
Bankruptcy News

What to do with your credit card debt now that the Fed raised rates again

Banking has been top of mind for many people in the wake of some surprise bank failures and moves by US regulators to boost confidence in the financial system. Each time the Fed raises the rate, the lending rates that banks charge…
Legal News

Home buying costs could spike by 22% if US defaults on its debt

The United States has never defaulted on its debt, and it remains an unlikely outcome of the current standoff about raising the debt ceiling. But, if it were to happen — which could be as soon as June 1 without intervention — it would…
Editorial News

Choosing the Best Debt Collection Software Company: Key Considerations for Success

Introduction: Debt collection is a critical aspect of many businesses, and leveraging the right debt collection software can significantly streamline and optimize the process. With numerous debt collection software companies in the market, selecting the best one for your business…
Educational News

FTC Stops Student Loan Debt Relief Schemes that it Says Bilked Students Out of Millions

The Federal Trade Commission has stopped a pair of student loan debt relief schemes that it says bilked students out of approximately $12 million by using deceptive claims about repayment programs and loan forgiveness that did not exist. The agency…
Government News

Americans’ debt surpasses $17 trillion for the first time

Americans’ debt levels continue to climb to new heights at a time when economic conditions are becoming increasingly less stable. Household debt balances set a fresh record high of $17.05 trillion during the first quarter, growing $148 billion or 0.9% from…
Editorial News

Mortgage rates rise as debt ceiling standoff drags on

Mortgage rates are beginning to feel the impact of the debt-ceiling standoff, jumping higher for the second week in a row amid the uncertainty. The 30-year fixed-rate mortgage averaged 6.57% in the week ending May 25, up from 6.39% the week before,…
Editorial News

The Power of Online Directories: Why Law Firms Should List to Boost Their Visibility and Growth

Introduction: In today’s digital age, having a strong online presence is crucial for any business, including law firms. While having a well-designed website and engaging in social media marketing are important, listing your law firm in online directories specifically designed…
Bankruptcy News

Corporate bankruptcies are on the rise — and the pain won’t end for a while

From Vice Media to Bed Bath & Beyond, bankruptcies are picking up again. Last week, corporate America had its worst 48-hour stretch of bankruptcies since at least 2008, according to Bloomberg. That’s never a good comparison. So far, more than 230 companies…
Legal News

Action by FTC and Pennsylvania Leads to Permanent Ban For Debt Collectors That Targeted Businesses, Non-Profits, First Responders

As a result of actionby the Federal Trade Commission and the Commonwealth of Pennsylvania, debt collection company International Credit Recovery, Inc. (ICR), officer Richard Diorio, Jr., and manager Cynthia Powell, have agreed to a permanent banfrom the debt collection industry after being…