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  • 7 Powerful Lawsuit Defenses for New York Debtors in 2023 (Consumer Credit Fairness Act)
    7 Powerful Lawsuit Defenses for New York Debtors in 2023 (Consumer Credit Fairness Act)

    What is the New York Consumer Credit Fairness Act? On November 8, 2021, New York State enacted the Consumer Credit Fairness Act (“CCFA”), which implements comprehensive changes to New York’s Civil ...

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  • 8 Surprising Trends of Covid-19’s Impact on Consumer Credit and Debt Collection
    8 Surprising Trends of Covid-19’s Impact on Consumer Credit and Debt Collection

    Pre-Pandemic 1) Before the pandemic, debt-collection-industry revenue has trended downward. Debt-collection-industry revenue has declined in recent years, decreasing from an estimated $13.5 billion in ...

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  • 15 FAQ’s about Statute of Limitations, Debt Collection, and Credit Reporting
    15 FAQ’s about Statute of Limitations, Debt Collection, and Credit Reporting

    1) What is the statute of limitations? It’s the time period in which a plaintiff has the legal right to sue. It starts from the date of your missed minimum payment. If a collector sues within that ...

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  • Need to Vacate a Default Judgment? Include Good "Excuses" for Not Defending
    Need to Vacate a Default Judgment? Include Good "Excuses" for Not Defending

    Do you need to stop judgment-enforcement activity (i.e., wage garnishment or bank restraint)? Do you need to seek relief against the judgment (i.e., have it "vacated")? New York law (CPLR § 5015) ...

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  • New York's Statute of Limitations for Debt Buyers (the "borrowing Statute")
    New York's Statute of Limitations for Debt Buyers (the "borrowing Statute")

    Applying the Statute of Limitations in Consumer-Debt Cases The O utside Counsel column in today's Law Journal was entitled, "Borrowed Time: Applying the Statute of Limitations in Consumer Debt Cases." ...

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  • New York's Highest Court Speaks (Referral-fee Disputes and Med Mal Statute of Limitations))
    New York's Highest Court Speaks (Referral-fee Disputes and Med Mal Statute of Limitations))

    New York State's highest court, the Court of Appeals, addresses cases that have broad questions of law that affect important state-wide policy and behaviors. Referral-fee dispute in big medical ...

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