News

KWA Honored With National Award

by KWA KWA

We are grateful and excited to share that Keith D. Weiner & Associates, Co. L.P.A. has been awarded the 2019 Community Service Award by the National Creditors Bar Association (NCBA) for its commitment to giving back to the communities in which its offices are located.  KWA Charity Committee members work tirelessly throughout each year to plan and execute charity events.  Likewise, firm employees continuously demonstrate their dedication to improving their communities with more than 85 per cent of employees participating in firm-sponsored charity efforts. Read more

Disabled Veterans Get Automatic Discharge of Federal Student Loans

by Stacie Hackel Snow Stacie Hackel Snow

After more than a year of urging by Democrats and Attorneys General from over 51 states and territories[1] (including Ohio Attorney General David Yost)[2], and more than a month after the introduction of a bi-partisan bill called the Federally Requiring Earned Education-Debt Discharges for Veterans Act, 100% disabled veterans will have their federal student loans fully discharged.[3]   Due to the combined efforts, on August 21, 2019, President Trump issued an Executive Memorandum directing the Secretaries of Education and Veteran Affairs to create a more streamlined process for Totally and Permanently Disabled Veterans to obtain forgiveness of their student loans.[4] Read more

Join KWA at the Fall NCBA Conference

by KWA KWA

Keith Weiner will be on a panel at the Fall NCBA conference discussing the challenges of handling growing auto deficiency portfolios. Discussion will include onboarding through liquidation on the 3 states the Firm serves (OH, KY, WI). Other panelists, Brian Winn and Dan Consuegra will cover California and Florida respectively. Tom Balcerzak from AACA will be the moderator.

Stacie Hackel Snow and Michael Lewis will be also be presenting at the Fall NCBA conference. Their presentation, “ABC’s of Student Loan Collections” will be a comprehensive overview of valuable information on best collection practices along with key compliance considerations.

If you are attending NCBA, please join them. If not, what are you waiting for?! Sign up now!

KWA Seeks Nomination for NCBA Community Service Award

by KWA KWA

Since 1985, Keith D. Weiner & Associates Co. LPA (KWA) has operated on the premise that the people at KWA make the difference when it comes to providing its clients with quality service, and inspiring client trust and confidence.  Likewise, KWA also believes its people can make a difference through their charitable works in the communities where the firm’s offices are located. Read more

Heir Who Pays Utilities for Home Inherited from Father Is Not a Consumer Under the FDCPA

by Christian Niklas Christian Niklas

A basic premise of debt collection law is that a creditor cannot collect a debt from someone whom does not owe that debt. However, what if one were to flip that premise? What if a person whom didn’t owe a debt filed suit under the FDCPA against a law firm which previously filed an “in rem” foreclosure action and named that person as a party in the foreclosure action? Read more

FHA Foreclosure Prevention Act of 2019 Introduced

by Kim Hammond Kim Hammond

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, introduced The FHA Foreclosure Prevention Act of 2019 in an attempt to combat foreclosures for borrowers with FHA mortgages.  The Act would increase HUD oversight of FHA mortgage servicers in an effort to make sure every homeowner with an FHA mortgage is given fair opportunities to avoid foreclosure once they have defaulted. Read more

Bill Reducing Ohio’s Statute of Limitations Raises Concerns for Creditors

by Michael Lewis Michael Lewis

Introduced May 21, Ohio H.B. 251[1] has been referred to the House’s Civil Justice Committee. This bill is essentially a re-introduction of the previously withdrawn H.B. No. 694 from May 2018.[2] H.B. 694 was withdrawn from committee consideration in early December 2018. KWA previously reported on this in January.[3]

H.B. 251 would amend R.C. 2305.06 and R.C. 2305.07 by reducing the statute of limitation on written contracts from eight (8) years to three (3) years and from six (6) years to three (3) years on non-written contracts. Section 4 of the bill mandates for written or non-written contracts that, “the period of limitations for causes of action would be three years from the bill’s effective dates, or the expiration of the period of limitations that was in effect prior to the bill’s effective dates, whichever occurs first.” Read more

Ohio House Bill 694 Proposes Shortening of Statute of Limitations

by Stacie Hackel Snow Stacie Hackel Snow

Creditors should keep a watchful eye on the state capital this new year, as there may be a significant updates to Ohio Revised Codes §2305.06 and 2305.07.  On May 22, 2018, Rep. George Lang introduced House Bill 694, which proposes to shorten the statute of limitations for all contracts.  Co-sponsors of the bill include: Rep. Reineke, Rep. Riedel, Rep. Romanchuk, and Rep. Becker. Read more

Judge Issues Final Ruling In CFPB V. WWR

by Jessica Lamoreux Jessica Lamoreux

Judge Nugent issued his final ruling in Consumer Financial Protection Bureau v. Weltman, Weinberg, & Reis Co., LPA on July 25, 2018. This decision was a big win for Weltman and the creditors’ bar generally. In this case, the Consumer Financial Protection Bureau (“CFPB”) argued that Weltman violated the Fair Debt Collection Practices Act (“FDCPA”) by sending letters to debtors on its letterhead, under the theory that the letters constituted an implicit representation that an attorney had been meaningfully involved in the file, when in fact no attorney had been so involved. The Court held that Weltman did not violate the FDCPA in sending demand letters on its letterhead because attorneys were meaningfully involved in the handling of the files on which letters were sent. Read more

Jury Makes Findings in CFPB v. WWR

by Jessica Lamoreux Jessica Lamoreux

The case brought against Weltman, Weinberg, & Reis (“WWR”) by the Consumer Federal Protection Bureau (“CFPB”) moved one step closer to resolution, if not clarity, this month. Senior U.S. District Judge Donald Nugent will issue a verdict after considering the jury’s conclusions of fact, which were returned on two questions:

  • Did WWR’s initial demand letters contain “false, deceptive, or misleading representations or means”? The jury concluded that they did.
  • Did the CFPB prove that WWR’s attorneys were not meaningfully involved in the debt collection process? The jury concluded that it did not.

Read more