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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…
Editorial News

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…