CFPB Compliance Bulletin, In-Person Collection

Debt collection is big business.  According to the Federal Reserve Bank of New York, 15% of consumers have at least one debt in collections.  Third party debt collectors are constantly trying to come up with new ways to improve the rate of collections both in volume and in dollars recovered.  On December 16, 2015 the…

NJ Lawyer Models Supreme Court Hearing On FDCPA

In Chung v. Shapriro and Denardo, Docket :14-cv-06899-FSH-JBC the District Court of New Jersey sustained the right of a debtor to seek collection of statutory damages for violations of the Fair Debt Collections Practices Act. On November 2nd the Supreme Court will determine whether plaintiffs going forward can enforce Congressionally enacted consumer rights statutes based…

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NJ Attorney Fights Foreclosure with Federal Laws

In New Jersey, the trend in foreclosure litigation has been to narrow the defenses available to homeowners almost to the point of non-existence. In light of CFPB Director Richard Cordray’s recent remarks regarding “mandatory pre-dispute arbitration clauses”, Joshua Denbeaux explains how his firm combats this growing problem, by using federal laws enforced by the CFPB…

Poor Loan Servicing Reason for NJ Leading Nation in Foreclosures

NJ law firm Denbeaux & Denbeaux says continued mortgage-servicing problems, such as breached loan modification agreements, play a major role in why the state leads the nation in foreclosures, and is the cause for the recent RealtyTrac report which revealed that NJ has highest foreclosure rate in the U.S. New Jersey consumer rights and foreclosure defense…

H.R. 3192 Puts Foreclosure Victims At Risk

According to New Jersey law firm Denbeaux and Denbeaux, Congress buckling to pressure from industry lobbyists when recently passing H.R. 3192 the “Homebuyers Assistance Act” to give lenders immunity from loan origination abuses for several months, signals consumer’s rights at risk in the future. WESTWOOD, NEW JERSEY (PRWEB) OCTOBER 13, 2015 On Oct. 7, the House…

NJ Bad Mortgages Comprise 10.2% of Total

Even as Wall Street has doubts about the fed lifting interest rates, Main street mortgages are in trouble. According to an article in Forbes, bad mortgages comprise 10.2% of total mortgages in New Jersey which concluded that banks were giving NJ homeowners a chance to “catch up.”   However, recent data from Realty Trac’s August 2015 U.S. Foreclosure…

Menendez Introduces the Christopher Bryski Student Loan Protection Act

Legislation named in honor of NJ student, Christopher Bryski, Rep. Bill Pascrell (D-NJ9) to Introduce House version SUMMARY The bill, first introduced by the late Sen. Frank Lautenberg in 2009, reintroduced in 2014 by Senator Menendez, bars lenders “from automatically declaring a default or accelerating the obligations on an otherwise performing loan upon the death,…

Bank Denial Of HAMP Against TARP’s Purpose

Josh Denbeaux, Partner at the law firm of Denbeaux and Denbeaux, makes his inaugural guest appearance on the Financial Consumer Rights Talk program. Today they discuss the latest news relating to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) calling for further investigation of servicers it claims may be denying too many…

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What Is A Notice Of Error?

In January 2014 homeowners with mortgage loans obtained a significant tool for disputing errors in the collection and application of their mortgage loans. The tool in question is known as a Notice of Error, which was made part of the Real Estate Settlement Procedures Act (RESPA), originally enacted in 1974. Drafted by the Consumer Financial…

Counsel Liable For False Representation Of Clients

NJ firm Denbeaux & Denbeaux earns major victory using FDCPA for national consumers victimized by false information presented by law counsels at the bidding of their clients. Westwood, NJ, January 5, 2016:   No longer can legal counsel evade liability under the Fair Debt Collection Practices Act (FDCPA) by claiming false information provided to a court or…