Consumer Financial Protection Bureau Takes Action Against Servicemember Auto Lender for Aggressive Debt Collection Tactics

Consumer Financial Protection Bureau Takes Action Against Servicemember Auto Lender for Aggressive Debt Collection Tactics Auto Loan Company Misled Servicemembers About Consequences of Nonpayment

FOR IMMEDIATE RELEASE: June 17, 2015

WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) sued an auto loan company, Security National Automotive Acceptance Company, for aggressive . . . → Read More: Consumer Financial Protection Bureau Takes Action Against Servicemember Auto Lender for Aggressive Debt Collection Tactics

Consumer Financial Protection Bureau To Oversee Nonbank Auto Finance Companies

Consumer Financial Protection Bureau To Oversee Nonbank Auto Finance Companies Bureau Publishes Exam Procedures for Supervised Companies in $900 Billion Market

FOR IMMEDIATE RELEASE: June 10, 2015

Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) published a rule today that will allow the agency to supervise larger nonbank auto finance companies . . . → Read More: Consumer Financial Protection Bureau To Oversee Nonbank Auto Finance Companies

The Supremes Decide Another One . . .

The Supreme Court decided the case of Bank of America, N.A. v. Caulkett. The Court held, unanimously (except for a caustic footnote related to Dewsnup) that a debtor in a chapter 7 cannot void a junior mortgage lien pursuant to Section 506(d) when there is inadequate equity to support the junior lien because a . . . → Read More: The Supremes Decide Another One . . .

Welp, Wellness is Decided . . . A HUGE Victory For The Bankruptcy System

Parties may consent to bankruptcy court hearing Stern claims. There was likely a collective sigh of relief by many bankruptcy attorneys and judges as a result of the majority decision of the Supreme Court in Wellness International Network, Ltd. v. Sharif, decided May 26. In an opinion by Justice Sotomayor, the majority held that . . . → Read More: Welp, Wellness is Decided . . . A HUGE Victory For The Bankruptcy System

Supreme Court Decides Charles E. Harris, III, Petitioner v. Mary K. Viegelahn, Chapter 13 Trustee

No. 14-400 (Certiorari to the U.S. Court of Appeals for the Fifth Circuit)

Issue: Whether, when a debtor in good faith converts a bankruptcy case to Chapter 7 after confirmation of a Chapter 13 plan, undistributed funds held by the Chapter 13 trustee are refunded to the debtor (as the Third Circuit held in . . . → Read More: Supreme Court Decides Charles E. Harris, III, Petitioner v. Mary K. Viegelahn, Chapter 13 Trustee

NACTT Salt Lake City Speaker Newly Appointed Judge

Eduardo V. Rodriguez has been appointed as the United States Bankruptcy Judge for the Southern District of Texas. Eddie will have big shoes to fill as he steps into the judgeship vacated by retiring Judge Richard S. Schmidt.

Eddie received his M.B.A. with high honors and his J.D. from Texas Tech University in . . . → Read More: NACTT Salt Lake City Speaker Newly Appointed Judge

U.S. House Bill Would Suspend a Homeowner’s Right to Enforce Accurate Mortgage Pricing - Advocates Oppose Bill that Would Let Lenders Off the Hook

FOR IMMEDIATE RELEASE: MAY 14, 2014

(WASHINGTON) Homeowners’ legal rights if they are given inaccurate pricing information before taking out a mortgage should not be suspended, according to letters sent today to Congress and the Consumer Financial Protection Bureau (CFPB) by the National Consumer Law Center, on behalf of its low income clients, and . . . → Read More: U.S. House Bill Would Suspend a Homeowner’s Right to Enforce Accurate Mortgage Pricing – Advocates Oppose Bill that Would Let Lenders Off the Hook

NCLC Nationwide Survey Finds Major Problems with Mortgage Servicers

READ NCLC’s policy brief re: this survey: http://www.nclc.org/images/pdf/foreclosure_mortgage/mortgage_servicing/ib-servicing-issues-2015.pdf

(Washington) The National Consumer Law Center (NCLC) conducted a nationwide survey from February 24 to March 3, 2015, of more than 100 attorneys and housing counselors representing homeowners. The survey’s results show significant ongoing problems with mortgage servicing. While the CFPB’s mortgage servicing regulations have made . . . → Read More: NCLC Nationwide Survey Finds Major Problems with Mortgage Servicers

Science Says Sitting Is Killing Us - So It’s IT To The Rescue!

By The Honorable John P. Gustafson, United States Bankruptcy Court for the Northern District of Ohio

A recent study, published in the January 20th edition of the Annals of Internal Medicine (on news stands now!) says that sitting for long periods is associated with one of our least favorite things – early death. Some . . . → Read More: Science Says Sitting Is Killing Us – So It’s IT To The Rescue!

Meet Faye English

Ms. English was appointed as the Chapter 13 Trustee in Columbus, Ohio in August 2014. She filled the vacancy left by Jeff Norman who was appointed as a United States Bankruptcy Judge.

Ms. English began her professional career in banking. After working for five years, she decided law school was the fastest way . . . → Read More: Meet Faye English