Washington, DC – 24 November 2017 – A leading U.S. consumer watchdog is preparing to sue Santander bank alleging that the Spanish bank overcharged borrowers on auto loans, two sources familiar with the plans said on Friday.
Credit Acceptance has confirmed with the Securities and Exchange Commission (SEC) that it had received a subpoena from the Mississippi attorney general on August 14, 2017. Credit Acceptance claims that the subpoena is only related to the origination and collection of non-prime vehicle installment contracts in the state of Mississippi.
FOR IMMEDIATE RELEASE
Don’t forget that we will be presenting a webinar this coming Thursday, September 28, to address the new bankruptcy “proof of claim” rules that will take effect later this year. During the program we will also talk about other aspects of the claim process, including some of the most frequently made errors. For more detail about the webinar, click here.
On December 1, 2017, important changes to the rules relating to bankruptcy “proofs of claim” will take effect. Those changes include new filing deadlines, new obligations for secured creditors and new methods a debtor may use to oppose a claim.
November 8 – November 10, 2017
Riverton Country Club
Cinnaminson, New Jersey
FOR IMMEDIATE RELEASE
The Credit Union Repossession and Remarketing Summit 2017 will be the premier credit union educational event of the year. Industry leaders will be speaking on the topics that are of extremely high importance to the Credit Union collections industry. Situated just minutes from city center Philadelphia at the historic and scenic Riverton Country Club, this seminar will be tailored to address credit unions specifically, and the day-to-day challenges they face with collections, collateral repossessions, and the remarketing of collateral. You are guaranteed to walk away with insight and knowledge you previously did not previously have, or your admission will be refunded.
Dallas, TX – 18 April 2017 – Clifford McCrary, former CEO of the now bankrupt Windsor Equity Group, a debt collection and skip locating firm, has accepted a plea agreement with the Dallas County District Attorneys Office resulting from charges of misapplication of fiduciary property. As a condition of his 10 year probation, McCrary has been ordered to pay $215,989 in restitution to Loss Prevention Services, LLC.
Los Angeles – 24 March 2017 – On March 15–17, 2017, the 3rd Annual National Credit Union Collections Alliance (NCUCA) was held at the Bellagio in Las Vegas and was attended by over 230 attendees from 130 credit unions and 26 states. Of these attendees, 95% are in collections management. This upstart event has grown exponentially year over year and is now the premier collections event for the credit union collections industry.
Washington, DC – 13 January 2017 – The U.S. Supreme Court on Friday agreed to decide whether firms collecting on debt they bought for pennies on the dollar can be held liable in lawsuits brought by debtors they targeted under a federal law cracking down on debt collectors’ abusive practices. The justices agreed to review a lower court’s decision to dismiss a consumer class action lawsuit against Santander Consumer USA Holdings Inc. (SC.N) over allegations it violated the Fair Debt Collection Practices Act.
October 13, 2016 – By now, we’re all familiar with the Wells Fargo Banking scandals, but what many may not know, is the humble beginnings of the now despised and displaced CEO John Stumpf had taken on his way to the top of one of the largest Banks in the world.