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Debt collectors see coronavirus as a golden opportunity

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Debt collectors see coronavirus as a golden opportunity

In April, the Los Angeles City Council unanimously passed a resolution calling for a debt collection moratorium until the pandemic subsided. Besides, people are already quite worried.

The action was not carried out anywhere due to legal issues. But it is a tool for our civic leaders to quickly recognize what will soon appear to many people with bills to pay.

Consumer advocates say debt collectors have grown more aggressive because orders remain at home in California and across the country making it easier for them to contact, and sometimes harass, people who owe money.

Christine Hines, legislative director for National Assn. Consumer Advocates, said he believes “debt collection will only increase in the coming months” as millions of Americans struggle to make ends meet amid job losses and salary cuts.

“The pandemic does not change how rude debt collectors are, it just shows that they are able to do more harm to vulnerable consumers than we thought,” he told me.

It is understandable why debt collectors improve their game. Consumer debt reached a record $ 14.3 trillion in the first quarter – and that was, in large part, before the coronavirus was successful.

Economists say debt has almost certainly grown since then after tens of millions of Americans lost their jobs and many saw their salaries cut.

U.S. Department of Labor reported last week that the unemployment rate was now 13.3% – although it said it would be as high as 16.3% if data collection errors were recorded.

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At present, the debt collection report is largely anecdotal booster. A spokesman for the Federal Trade Commission said the official calculation of complaints from consumers will not be available until the end of the month.

But there is no dispute that the hard times.

Outstanding financial obligations must now compete with paying rent or mortgages, buying food and covering medical expenses.

California Governor Gavin Newsom signs executive order in April temporarily blocked debt collectors from decorating cash from federal stimulus payments made to households amid a pandemic. He also decided that payments on most student loans could be postponed, without penalty, for 90 days.

“Californians are reeling from the financial impact of COVID-19,” Newsom said. “The last thing they deserve is to see more money being held when they try to put food on the table and pay their rent or mortgage.”

ACA International, a leading trading group that represents debt collectors, said its members were misunderstood.

Mark Neeb, the organization’s chief executive, said in a statement that debt collectors “remain committed to consumers,” and that the industry has responded to the COVID-19 pandemic with “compassion and empathy.”

Kiran Sidhu, a policy adviser at the Center for Responsible Lending, could not help laughing when I told him.

“They are just trying to protect their profits,” he said, adding that he hoped the industry would become stronger in the pursuit of consumers as the pandemic continued.

Case in point: Debt collectors have explained that they don’t like a suggestion from the Consumer Financial Protection Bureau which will require the industry to notify consumers that their debt restriction laws may have passed.

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In California, the statute of limitations for the majority of consumer debt is four years. After that amount of time, a collector can still chase you, but they cannot take you to court (or if they do, you can cancel the case).

This may be news to many people, not least because debt collectors often imply or state that if you don’t cough, you will be sued regardless of how long your debt lasts.

Changes to the CFPB rules will also require collectors to tell people that if they even make a very small partial payment, it can restart legal hours and make you vulnerable again to lawsuits.

Neeb said determining whether a debt restriction law has passed is “not always a simple question” and could be a burdensome requirement for the collection industry.

That said, debt collectors would rather not have to do more homework. They would rather spend their time interrupting people’s dinners and scaring them about the dangers of the law and financial disasters.

When job loss increases, the FTC issues a the latest reminder that consumers have rights based on Fair Debt Collection Practices Act.

“If there are too many collection calls, you can stop them,” the agency said. “Just send to the mail collector who tells them to stop contacting you.”

That won’t eliminate your debt, the FTC noted, “but stopping the call can give you time to regroup, then start working your way towards financial recovery.”

Some other things to remember:

  • Debt collectors are prohibited by law from calling you before 8 am or after 9 pm. unless you authorize them to do so (Don’t).
  • The collector must show written proof of financial obligations if you request it.
  • No collector is permitted to verbally abusive you, use language that is disrespectful or misrepresents their status, such as falsely claiming to be a lawyer or government official.
  • If you feel you have been treated unfairly, contact the state attorney general’s office, FTC, CFPB, or all of them.
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That debt collection moratorium I mentioned above was introduced by L.A. City Councilor Monica Rodriguez. It asked Mayor Eric Garcetti to declare debt collectors “business unimportant” during the pandemic and thus temporarily prevent them from operating within the city limits.

“The family has struggled and experienced economic trauma,” Rodriguez told me. “We don’t need repo officers showing up at the door and taking assets.”

The mayor’s office replied that although the sentiment behind the proposal was laudable, City Atty. Mike Feuer questions the legality of displacement and whether city officials have jurisdiction over collection agencies outside the country.

But do not worry. You can still count on all the compassion and empathy promised by debt collectors.

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Portuguese historical films will premiere on 29 December.

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Portuguese historical films will premiere on 29 December.

Method Media Bermuda will present the documentary FABRIC: Portuguese History in Bermuda on Thursday, December 29 at the Underwater Research Institute of Bermuda.

A spokesperson said: “Method Media is proud to bring Bermuda Fabric: Portugal History to Bermuda for its 5th and 6th showing at the Bermuda Underwater Observatory. In November and December 2019, Cloth: A Portuguese Story in Bermuda had four sold-out screenings. Now that Bermuda has reopened after the pandemic, it’s time to bring the film back for at least two screenings.

“There are tickets Ptix.bm For $ 20 – sessions at 15:30 and 18:00. Both screenings will be followed by a short Q&A session.

Director and producer Milton Raboso says, “FABRIC is a definitive account of the Portuguese community in Bermuda and its 151 years of history, but it also places Bermuda, Acors and Portugal in the world history and the events that have fueled those 151 years.

“It took more than 10 years to implement FABRIC. The film was supported by the Minister of Culture, the Government of the Azores and private donors.

Bermuda Media Method [MMB] Created in 2011 by producer Milton Raposo. MMB has created content for a wide range of clients: Bermuda’s new hospital renovation, reinsurance, travel campaigns, international sports and more. MMB pays special attention to artistic, cultural and historical content.

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CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS ‘There will be room’

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CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS 'There will be room'

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Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

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Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Maestro Filipe Cunha, Artistic Director of the Philharmonic Orchestra of Braga, has been invited to conduct the Cuban National Symphony Orchestra, as announced today.

According to a statement sent by O MINHO, “he will be the first Portuguese conductor to conduct this orchestra in its entire history.”

In addition to this orchestra, the maestro will also work with the Lyceo Mozarteum de la Habana Symphony Orchestra.

The concerts will take place on 4 and 12 March 2023 at the National Theater of Cuba in Havana.

In the words of the maestro, quoted in the statement, “these will be very beautiful concerts with difficult but very complex pieces” and therefore he feels “very motivated”.

From the very beginning, Rachmaninoff’s Piano Concerto No. 2 will be performed by an Italian pianist (Luigi Borzillo), whom the maestro wants to bring to Portugal later this year. In the same concert, Mendelshon’s First Symphony will be performed.

Then, at the second concert, in the company of the Mexican clarinetist Angel Zedillo, he will perform the Louis Sfora Concerto No. 2. In this concert, the maestro also conducts Tchaikovsky’s Fifth Symphony.

“This is an international recognition of my work. An invitation that I accept with humility and great responsibility. I was surprised to learn that I would be the first Portuguese member of the Cuban National Symphony Orchestra. This is a very great honor,” the maestro said in a statement.

“I take with me the name of the city of Braga and Portugal with all the responsibility that goes with it, and I hope to do a good job there, leaving a good image and putting on great concerts. These will be very special concerts because, in addition to performing pieces that I love, especially Rachmaninov and Tchaikovsky, I will be directing two wonderful soloists who are also my friends. It will be very beautiful,” concludes Filipe Cunha.

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