Weltman, Weinberg & Reis Co.http://www.weltman.com/?t=39&format=xml&stylesheet=rss&directive=0&records=15en-us14 Aug 2018 00:00:00 -0800firmwisehttp://blogs.law.harvard.edu/tech/rssWeltman, Weinberg & Reis Co., LPA Prevails in Lawsuit Brought by Consumer Financial Protection Bureauhttp://www.weltman.com/?t=40&an=79130&format=xml&p=7735Weltman, Weinberg & Reis Co., LPA (Weltman) is pleased to announce that the firm has prevailed in the lawsuit brought against it by the Consumer Financial Protection Bureau (CFPB). Judge Donald C. Nugent, presiding over the case in the U.S. District Court for the Northern District of Ohio, issued an Opinion Wednesday, finding on Weltman's behalf following a three day trial in early May, and confirming that the CFPB's lawsuit lacked merit. The Court emphasized its finding "that lawyers were meaningfully involved disproves the Plaintiff's sole theory of liability, and precludes recovery under the Complaint."Firm News25 Jul 2018 00:00:00 -0800http://www.weltman.com/?t=40&an=79130&format=xml&p=7735Weltman's Casey B. Hicks Appointed to Illinois State Bar Association Commercial Banking, Collections, and Bankruptcy Section Councilhttp://www.weltman.com/?t=40&an=79062&format=xml&p=7735Weltman, Weinberg & Reis Co., LPA (Weltman), a full-service creditors' rights law firm now in its 88th year of client service, is pleased to announce that Junior Shareholder Casey B. Hicks has been appointed to the Illinois State Bar Association (ISBA) Commercial Banking, Collections, and Bankruptcy Section Council for the 2018-19 term.Firm News24 Jul 2018 00:00:00 -0800http://www.weltman.com/?t=40&an=79062&format=xml&p=7735Illinois Supreme Court Adopts New Requirements for Credit Card and Debt Buyer Collection Caseshttp://www.weltman.com/?t=40&an=78367&format=xml&p=7735On June 8, 2018, the Illinois Supreme Court adopted new Supreme Court Rules 280 through 280.5, which will govern the collection of credit card debts by original creditors and defaulted or charged-off consumer debts purchased by debt buyers. The new rules go into effect on October 1, 2018.Advisories02 Jul 2018 00:00:00 -0800http://www.weltman.com/?t=40&an=78367&format=xml&p=7735Columbus Bar Association Honors Weltman Senior Shareholder Allen J. Reis with 2018 Professionalism Awardhttp://www.weltman.com/?t=40&an=78032&format=xml&p=7735Weltman, Weinberg & Reis Co., LPA, a full-service creditors' rights law firm now in its 88th year of client service, is pleased to announce that Senior Shareholder Allen J. Reis is the recipient of this year's Columbus Bar Association's prestigious Professionalism Award.Firm News14 Jun 2018 00:00:00 -0800http://www.weltman.com/?t=40&an=78032&format=xml&p=7735Weltman, Weinberg & Reis Co., LPA Welcomes New Attorney Matthew W. Pomy to Pittsburgh Officehttp://www.weltman.com/?t=40&an=78011&format=xml&p=7735Weltman, Weinberg & Reis Co., LPA, a full-service creditors' rights law firm now in its 88th year of client service, is pleased to announce the addition of Attorney Matthew W. Pomy to the firm's Pittsburgh, Pennsylvania office.Firm News12 Jun 2018 00:00:00 -0800http://www.weltman.com/?t=40&an=78011&format=xml&p=7735Trends in Student Loan Dischargeabilityhttp://www.weltman.com/?t=40&an=76857&format=xml&p=7735Has anyone not heard about the so-called "student loan crisis?" Americans owe more than $1.48 trillion in student loan debt. That's $620 billion more than the national credit card debt. Those with student loans carry an average debt of $37,172.1 Students, parents and politicians are clamoring for relief. But has anything changed?Insights06 Jun 2018 00:00:00 -0800http://www.weltman.com/?t=40&an=76857&format=xml&p=7735The Dodd-Frank Amendments and the Resurrection of the Protecting Tenants at Foreclosure Acthttp://www.weltman.com/?t=40&an=76659&format=xml&p=7735On May 24, 2018, President Trump signed into law the Economic Growth, Regulatory Relief, and Consumer Protection Act (the Dodd-Frank Amendments), amending the Dodd-Frank Act. The most widely reported objective of the amendments was to make it easier for banks to lend to creditworthy customers and serve their communities.Advisories25 May 2018 00:00:00 -0800http://www.weltman.com/?t=40&an=76659&format=xml&p=7735Ohio Bankruptcy Court Strikes Down Mortgage, Imposes Six-Year Statute of Limitationshttp://www.weltman.com/?t=40&an=76518&format=xml&p=7735Much has been said recently in Ohio law concerning the enforcement of notes and foreclosures on mortgages. In summary, the plaintiff must be the holder of the note and mortgage with the right of enforcement of both instruments in order to bring a meritorious foreclosure action in Ohio.Insights21 May 2018 00:00:00 -0800http://www.weltman.com/?t=40&an=76518&format=xml&p=7735The Effect of Attorney's Fee Entitlement Language in an Agreement and Florida's Reciprocal Fee Statute 57.105(7)http://www.weltman.com/?t=40&an=76462&format=xml&p=7735Creditors beware! Don't get stuck paying the debtor's fees. Creditors need to know that in instances when a voluntary dismissal is filed or the court enters an involuntary dismissal, creditors face a risk of having to pay the debtor's attorney's fees.Insights17 May 2018 00:00:00 -0800http://www.weltman.com/?t=40&an=76462&format=xml&p=7735Negotiable Instruments in Kentucky: When the UCC Complicates the Statute of Limitations for Written Contractshttp://www.weltman.com/?t=40&an=75989&format=xml&p=7735Statutes of limitation control the time in which a person or entity may bring certain causes of action against another. Kentucky law proscribes that an action on a written obligation entered into before July 1, 2014 must be brought within 15 years, and any obligation entered into after July 1, 2014, must be brought within 10 years. While this seems pretty straightforward, UCC Article 3 offers a wrinkle when it comes to "negotiable instruments."Insights24 Apr 2018 00:00:00 -0800http://www.weltman.com/?t=40&an=75989&format=xml&p=7735