We normally think of debt collection regulations as applying only to debt collectors, not to creditors collecting their own debts. Not so in Massachusetts. The Attorney General’s Debt Collection Regulations, 940 CMR 7.0, apply to debt collectors, attorneys, and creditors. This was affirmed in a recent case, Capital One Bank (USA), N.A. v. Elliot Saffran, … More Massachusetts Attorney General’s Debt Collection Regulations Apply to Creditors
On December 19, 2018, seventy-four organizations self-described as “consumer, community, civil rights, faith, labor and legal services groups” wrote to Kathleen Kraninger, the new Director of the Consumer Financial Protection Bureau (CFPB)(not BCFP as it was under Mick Mulvaney) stating how aspects of debt collection should be treated in anticipated debt collection regulation. The seventy-four organizations … More Advice From Debtor Advocates On New Debt Collection Regulations
Lots of different views on the effect of technology on real estate. The application and credit evaluation phase might be sped up by technology more than the title/closing phase. Fifth Wall Ventures Three Predictions For The Future of Real Estate Tech Blockchain Can’t Protect Property Rights, but Title Insurance Can – admittedly, this one is pretty … More More Perspectives on Technology and Real Estate
We looked at how the Fair debt Collection Pratices Act (FDCPA) validation notice can be confusing to consumers and debt collectors alike. Even so, debt collectors have to make sure other parts of their collection letters do not overshadow the validation notice. A collection letter containing a validation notice is required to clearly explain the … More The Long Shadow of Overshadowing
This is a really good article about blockchain in real estate transactions: https://www.catic.com/Portals/0/PagePdfs/CATIC%20Blockchain%20White%20Paper.pdf The blockchain concept is really tantalizing but there are major issues with its implementation.