After passage by the California State Assembly and Senate, California Gov. Arnold Schwarzenegger on October 11 signed into law Senate Bill 510, which gives greater judicial oversight to prevent predatory practices involving structuredsettlement annuity buyouts. The new law is much needed and will help stop companies from preying on a very vulnerable segment of the population, says Patrick Farber, a structured settlement broker with Ringler Associates.
actoring Channel host Matt Bracy explains California Senate Bill 510 which is designed to protect structured settlement recipients. Matt says the significant substantive changes are (1) a list of factors for the court to consider when determining "best interest", and "reasonableness and fairness", and (2) mandatory notice of the sale to the seller former personal injury attorney, under certain circumstances.
After passage by the California State Assembly and Senate, California Gov. Arnold Schwarzenegger on October 11 signed into law Senate Bill 510, which gives greater judicial oversight to prevent predatory practices involving structuredsettlement annuity buyouts. The new law is much needed and will help stop companies from preying on a very vulnerable segment of the population, says Patrick Farber, a structured settlement broker with Ringler Associates.
Factoring Channel host Matt Bracy explains California Senate Bill 510 which is designed to protect structured settlement recipients. Matt says the significant substantive changes are (1) a list of factors for the court to consider when determining "best interest", and "reasonableness and fairness", and (2) mandatory notice of the sale to the seller former personal injury attorney, under certain circumstances.
After passage by the California State Assembly and Senate, California Gov. Arnold Schwarzenegger on October 11 signed into law Senate Bill 510, which gives greater judicial oversight to prevent predatory practices involving structuredsettlement annuity buyouts. The new law is much needed and will help stop companies from preying on a very vulnerable segment of the population. Settlement Capital Corporation's general counsel and Factoring Channel host Matt Bracy discusses how the factoring industry pushed for a compromise bill after the governor planned to veto it.
After passage by the California State Assembly and Senate, California Gov. Arnold Schwarzenegger on October 11 signed into law Senate Bill 510, which gives greater judicial oversight to prevent predatory practices involving structuredsettlement annuity buyouts. The new law is much needed and will help stop companies from preying on a very vulnerable segment of the population. Settlement Capital Corporation's general counsel and Factoring Channel host Matt Bracy discusses how the factoring industry pushed for a compromise bill after the governor planned to veto it.
In Santa Monica, California, consumers have filed a complaint with the Los Angeles Superior Court requesting that the courts stop DIRECTV from pulling early cancellation penalty fees out of bank accounts or charging them to credit cards without the consumer's knowledge. Fees up of to $480 are being withdrawn from customer accounts without their permission, the injunction claims. Consumer accounts have been overdrawn by the action, while others have experienced bounced checks and over the limit fees. As a result, credit reports may have been harmed. The injunction hopes to stop the withdrawal of funds from current and previous DIRECTV customers until a court can determine if the action is lawful. The company charges an early cancellation penalty for customers who terminate their agreements before the term commitmentperiod has been met. This period is typically 18 to 24 months. The charge applies to anyone who cancels service during this period of time, no matter what the cancellation reason is. Harvey Rosenfieldwho is the founder of nonprofit Consumer Watchdog and Litigation Director Pamela Pressley are heading the case on behalf of consumers. They claim that customers have no notice of the early cancellation penalty prior to their accounts being charged.Jennifer Steinberg, another attorney working the case calls the actions of the company "unauthorized seizure of people's money" and claims the company has refused to stop collecting fees like this.
In Santa Monica, California, consumers have filed a complaint with the Los Angeles Superior Court requesting that the courts stop DIRECTV from pulling early cancellation penalty fees out of bank accounts or charging them to credit cards without the consumer's knowledge. Fees up of to $480 are being withdrawn from customer accounts without their permission, the injunction claims. Consumer accounts have been overdrawn by the action, while others have experienced bounced checks and over the limit fees. As a result, credit reports may have been harmed. The injunction hopes to stop the withdrawal of funds from current and previous DIRECTV customers until a court can determine if the action is lawful. The company charges an early cancellation penalty for customers who terminate their agreements before the term commitmentperiod has been met. This period is typically 18 to 24 months. The charge applies to anyone who cancels service during this period of time, no matter what the cancellation reason is. Harvey Rosenfieldwho is the founder of nonprofit Consumer Watchdog and Litigation Director Pamela Pressley are heading the case on behalf of consumers. They claim that customers have no notice of the early cancellation penalty prior to their accounts being charged.Jennifer Steinberg, another attorney working the case calls the actions of the company "unauthorized seizure of people's money" and claims the company has refused to stop collecting fees like this.
(National law Journal) While the high-profile, Ted Olson- and David Boies-managed legal fight against California’s Proposition 8 captures headlines, a carefully planned case quietly underway in Massachusetts federal court could be the gay marriage test with the greatest national impact. The challenge, Gill v. Office of Personnel Management, is one of four lawsuits in different parts of the country that ask federal courts to strike down all or parts of the 1996 federal Defense of Marriage Act (DOMA). The suits, and the Gill case in particular, according to advocates and scholars closely watching their progress, are just the opening shots in a struggle destined for the U.S. Supreme Court. Scott Drake interviews GLAD legal counsel Janson Wu who is part of the team leading the Gill case.
LB Network's newest Featured Commentator, Theresa Erickson, discusses Family formation law and surrogacy issues using Michael Jackson's children as a complex example of what's at stake and how California law applies. The Egg Donation and Surrogacy Law Offices of Erickson Law and Surrogate Attorney Theresa Erickson in Californiawork exclusively in the area of Family Formation Law and Reproductive Laws ensuring comprehensive legal knowledge in this concentrated practice; Founded in 1998, the Egg Donation and Surrogacy Law Offices of Erickson Law has evolved into one of the premier providers of Family Formation Law and Reproductive Law representation in California, the United States and the rest of the World.
(National law Journal) While the high-profile, Ted Olson- and David Boies-managed legal fight against California’s Proposition 8 captures headlines, a carefully planned case quietly underway in Massachusetts federal court could be the gay marriage test with the greatest national impact. The challenge, Gill v. Office of Personnel Management, is one of four lawsuits in different parts of the country that ask federal courts to strike down all or parts of the 1996 federal Defense of Marriage Act (DOMA). The suits, and the Gill case in particular, according to advocates and scholars closely watching their progress, are just the opening shots in a struggle destined for the U.S. Supreme Court. Scott Drake interviews GLAD legal counsel Janson Wu who is part of the team leading the Gill case.
LB Network's newest Featured Commentator, Theresa Erickson, discusses Family formation law and surrogacy issues using Michael Jackson's children as a complex example of what's at stake and how California law applies. The Egg Donation and Surrogacy Law Offices of Erickson Law and Surrogate Attorney Theresa Erickson in Californiawork exclusively in the area of Family Formation Law and Reproductive Laws ensuring comprehensive legal knowledge in this concentrated practice; Founded in 1998, the Egg Donation and Surrogacy Law Offices of Erickson Law has evolved into one of the premier providers of Family Formation Law and Reproductive Law representation in California, the United States and the rest of the World.
Wired News senior correspondent, Kim Zetter, talks with Scott Drake. California
officials have received more than 800 reports of health data breaches
in the first five months after a new state law went into effect January
1.