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Uncovering Hidden Assets: Strategies for Locating Assets on Individuals and Businesses to Enforce Judgments

Introduction: When you’ve obtained a judgment in your favor, the next crucial step is enforcing it and recovering the owed amount. One significant aspect of the enforcement process involves locating assets belonging to the judgment debtor. By identifying these assets,…
Educational News

Lawmakers leave Washington without a debt limit deal as risk of default grows

A debt limit deal is still not yet close at hand for House Republicans and the White House as lawmakers leave the nation’s capital and the risk of a first-ever default grows. With no bill to vote on, House lawmakers…
Government News

CFPB Issues Guidance to Protect Homeowners from Illegal Collection Tactics on Zombie Mortgages

WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) issued guidance on debt collectors, covered by the Fair Debt Collection Practices Act, threatening to foreclose on homes with mortgages past the statute of limitations. The advisory opinion clarifies that a…
Press Release

Collection Certifications LLC: New Name, New Partner, and Exciting Changes for 2023

[Grand Rapids, MI] – Collection Certifications LLC (formerly FDCPA Certifications LLC) is excited to announce the addition of collection industry compliance expert Sara Woggerman as a full partner. With over a decade of experience in the collection industry, Ms. Woggerman…
Editorial News

CFPB Issues Advisory Opinion on “Zombie Debt”

On April 26, the Consumer Financial Protection Bureau (CFPB or Bureau) issued an advisory opinion reminding the industry that a debt collector who brings or threatens to bring a foreclosure action to collect a time-barred mortgage debt may violate the Fair Debt…
Bankruptcy News

Texas Bankers sue CFPB over small business lending data rule

The largest state bank trade group in the country is suing the Consumer Financial Protection Bureau to block the rollout of a new data collection requirement.  The Texas Bankers Association filed suit against the CFPB in the U.S. District Court for…
Legal News

Can debt collectors collect a debt that’s several years old?

A debt doesn’t generally expire or disappear until its paid, but in many states, there may be a time limit on how long creditors or debt collectors can use legal action to collect a debt. In many states, statues of…
Educational News

Supreme Court allows $6 billion student loan debt settlement

The justices declined to intervene over a class-action settlement that could lead to the cancellation of more than 200,000 loans based on claims that colleges misled students. WASHINGTON — A settlement that will allow thousands of student loan debts to…
Government News

U.S. House GOP pushes through debt ceiling increase coupled with massive spending cuts

U.S. House Republicans on Wednesday struggled but whipped just enough votes to pass their plan to temporarily raise the nation’s borrowing limit and also cut spending by slashing key parts of President Joe Biden’s climate and tax law, potentially risking…
Editorial News

What Americans can learn from Denmark on handling debt ceiling crisis

The high-wire drama of raising the US debt ceiling is making headlines again. Is there a better way? Perhaps Denmark has the answer. The US Congress is once more arguing about the country’s debt ceiling – the limit on how…