Topic
Consumer Debt
67 published works
Consumer Financial Services Law Monitor
Seventh Circuit Affirms Dismissal of FDCPA Claim for Lack of Standing, Holding Hiring a Lawyer and Confusion is Not Enough
By David N. Anthony, Stefanie Jackman, Ethan G. Ostroff
The Seventh Circuit Court of Appeals recently affirmed a district court's dismissal of a suit holding that the plaintiff had not suffered a concrete injury, and therefore, lacked standing to…
McGeorge Community Stories
Bankruptcy Clinic was the highlight of my law school career
[caption id="attachment_2311" align="alignright" width="400"] Selena Martinez is a third-year student at McGeorge School of Law. [/caption] I decided to go to law school to help others within my community. I never…
The Right Coast
US household debt: Americans whip out the plastic as pandemic-era savings disappear | Financial Times
Chief executives do not tend to sound warnings when their business is growing. But JPMorgan chief executive Jamie Dimon was right to draw attention to credit cards this summer. We…
The Right Coast
Household debt soars at fastest pace in 15 years as credit card use surges, Fed report says
Credit card, mortgage, and auto loan balances continued to increase in the third quarter of 2022 reflecting a combination of robust consumer demand and higher prices, said Donghoon Lee, economic…
The Right Coast
Consumer debt tops $16 trillion as inflation fuels credit card surge – CNN
New York (CNN)Americans are piling up credit card debt as they struggle to keep up with the high cost of living.US household debt surpassed $16 trillion for the first time…
The Right Coast
Consumer debt tops $16 trillion as inflation fuels credit card surge – CNN
New York (CNN)Americans are piling up credit card debt as they struggle to keep up with the high cost of living.US household debt surpassed $16 trillion for the first time…
The Right Coast
Household debt tops $16 trillion as inflation surges and rates rise
Household debt climbed past $16 trillion in the second quarter for the first time, as soaring inflation pushed up housing and auto balances, the New York Federal Reserve reported Tuesday.The…
Paul W. Mollica Federal Courts Blog
Seventh Circuit Notes Important Difference Between Rejected Fed. R. Civ. P 68 Offer and Non-Rule 68 Settlement Offer in Determining Reasonable Attorney’s Fee
In Cooper v. Retrieval Masters Creditors, No. 18-2358 (7th Cir. July 29, 2022), the Seventh Circuit vacates and remands an attorney’s fee award that was improperly reduced in a Fair…
Consumer Financial Services Law Monitor
Southern District of New York Enjoins New York Sheriffs From Retroactively Enforcing New York’s Fair Consumer Judgment Interest Act
By Jonathan Floyd, Ethan G. Ostroff, Stephen Lozier, Jed Komisin, Stefanie Jackman
On April 28, U.S. District for the Southern District of New York Judge Mary Kay Vyskocil issued an order, enjoining three named sheriffs in New York from enforcing the recently…
A Lawyer's Blog
EFFECTIVE APRIL 30, 2022 JUDGMENT RATE
On December 31, 2021, New York Governor Hochul signed into law S5724-A which reduces the annual rate of interest on judgments arising out of a consumer debt where the defendant…