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January 2013 Archives
A bill has been introduced in the Connecticut legislature that would increase the jurisdictional limit of small claims suits from $5,000 to $10,000. If the bill is passed, a claim for $10,000 or under could be allowed in Connecticut Small Claims Court. We do not believe this bill will benefit consumers because the increased jurisdictional limit will make it easier for debt buyers to purchase old credit card debts that were charged-off and to collect them - sometimes with little or no evidence regarding the validity of the debt. The bill has been referred to the state judiciary committee. You can contact members of the judiciary committee and tell them not to support House Bill 5520.
The Consumer Financial Protection Bureau (CFPB) has issued new rules to protect homeowners facing foreclosure. Among the new rules is a requirement that loan servicers inform borrowers about their “loss mitigation options” after two payments have been missed. "They must provide them a written notice that includes examples of options that might be available to them as alternatives to foreclosure and instructions for how to obtain more information." Read the full CFPB press release here.
Attorney Dan Blinn will be a guest on CBS Connecticut's Law Talk on January 19th. The show will air immediately following the UConn Basketball game, beginning between 2:30 and 3:00 PM and ending at 4:00 PM. Attorney Blinn will be discussing and answering questions about Class Action lawsuits. Tune in at WTIC News Talk 1080 or listen live online on the 19th here.
On December 5, 2012, walletblog.com continued its discussion on improving arbitration. The article proposes that the true problem is class action bans in arbitration clauses.Read the full article here.
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