Creditors Practice Section

This section was created for attorneys who are in the creditors practice field. It provides its members the opportunity to exchange information with other practitioners in this area of practice, provides timely CLE and legislative updates.

Portfolio Recovery Associates, LLC
140 Corporate Blvd
Norfolk, VA 23502

Creditors Practice Forum, 3 Hours of CLE

TBA’s Creditor’s Practice Section will offer current developments in this area of law at the upcoming Creditors Pratice Forum, Sept. 23 at the TBA in Nashville. Topics to be discussed include recent actions of the Consumer Financial Bureau and a discussion of the growing issues and ethics surrounding debt management/settlement companies. The course is worth three hours of CLE.

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AG Announces $136M Chase Bank Settlement

Tennessee Attorney General Herbert Slatery, along with 46 other states and the Consumer Financial Protection Bureau, announced a $136 million settlement with Chase Bank USA N.A. and Chase Bankcard Services Inc. The deal settles claims that Chase subjected consumers to inaccurate credit reporting, unlawful judgments, inaccuracies in debt collection suits, re-sale of uncollectable debts, use of false and deceptive affidavits and robo-signing. As part of the deal, Chase will spend $50 million to make restitution to consumers and will be barred from reselling consumer debts to other purchasers.

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