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Category: Finance

SCOTUS Clarifies Who is a Debt Collector Under FDCPA

On May 10, 2019 by Schnader in Finance

By Stephen A. Fogdall The Fair Debt Collection Practices Act (FDCPA) prohibits a “debt collector” from using any “false, deceptive, or misleading representation or means in connection with the collection of any debt,” as well as any “unfair or unconscionable means to collect or attempt to collect any debt.”  15 […]

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Schnader Wins Notable Victory in Cy Pres Litigation

On April 25, 2019 by Schnader in Finance

On April 16, 2019, the Philadelphia Orphans’ Court awarded $1.2 million in cy pres funds to the Philadelphia Chinatown Development Corporation (PCDC). Schnader represented PCDC in this matter, which involved the distribution of funds remaining from the dissolution of the former Chinatown Building and Education Foundation (CBEF). CBEF’s main asset […]

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Third Circuit: A business whose reason for existence is obtaining payment on debts is a debt collector under the FDCPA

On March 13, 2019 by Schnader in Finance

Stephen J. Shapiro published a client alert, “Third Circuit: A business whose reason for existence is obtaining payment on debts is a debt collector under the FDCPA.” The alert concludes that debt buyers would be well-advised to assume that they will be subject to the provisions of the FDCPA, at […]

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October 10 is the Date: Be Prepared for Changes to the Pa Contractor and Subcontractor Payment Act

On October 8, 2018 by Schnader in Client Alerts

Alexandra Zeiger published a client alert, “October 10 is the Date: Be Prepared for Changes to the Pa Contractor and Subcontractor Payment Act.” “The Pennsylvania General Assembly recently revised and Governor Tom Wolf signed into law important changes to the Contractor and Subcontractor Payment Act (CASPA), which affect construction contracts […]

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