Monthly Archives: November 2016

What Creditors Should Know: Consumer Fraud Laws and Payday Lending

Short-term, low-dollar lending transactions are prevalent in today’s marketplace, particularly with budding digital payment options for consumers.  With consumer protection being a primary concern, the federal government has implemented regulation of payday lending that creditors and borrowers should keep in mind when transacting these types of loans. A New Jersey collection attorney can help you …Read More »

Consumer Fraud Laws Affecting Auto Creditors

If you finance automobiles to consumers, it is important to be aware of the federal consumer fraud laws affecting auto creditors and regulations that apply when a creditor transacts a loan. The Federal Trade Commission and the Consumer Financial Protection Bureau (CFPB) have become increasingly active in enforcing laws implicated in auto loan transactions. Sometimes …Read More »

How the New Jersey Uniform Fraudulent Transfer Act Helps Creditors Collect Debts

New Jersey, like many other states, has enacted a law that helps creditors when debtors transfer property that could otherwise be used to satisfy their debts. The law is called the New Jersey Uniform Fraudulent Transfer Act (“NJUFTA”). Creditors’ rights under the New Jersey Uniform Fraudulent Transfer Act include: Fraudulent Transfers Typically, in a fraudulent …Read More »