[Jstarr]

https://debanked.com/2019/01/confess...-evening-news/



January 21, 2019 | By: deBanked Staff



Erie County Clerk Michael Kearns is no longer processing Confessions of Judgment (COJs) in Erie County for merchant cash advance companies, according to a statement his office published this week. Prior to being elected Clerk, Kearns was an assemblyman in the New York State legislature.
On Monday night, Kearns appeared on Channel 4’s evening news in Buffalo to discuss why his office had made the decision. Both Kearns and the local newscaster cite a highly controversial story series published by Bloomberg.
A review by deBanked of the series, revealed that two Bloomberg reporters had performed little or no fact checking of their sources. In one instance, for example, Bloomberg featured a business that had allegedly been “wiped out” by a $40,000 predatory loan gone wrong. Public records confirmed however, that the business owners continued to pay themselves more than a $100,000 salary from that business and that they still had nearly a million dollars flowing through their bank accounts. Facebook painted a similar picture, as one of the owners openly bragged about owning a new Camaro Super Sport with racing stripes.
Neither reporter has offered any explanation for the inaccuracies in their reporting.
Despite this, lawmakers and the Governor alike have called for an end to COJs in business credit transactions. You can watch the evening news segment below:

https://www.wivb.com/news/local-news...ng-/1714423874

[fundingsmbs]

so they had no issues stamping them before until bloomberg called them out?

[abfunders]

The workers by law have to file them. It looks like this is a form of civil disobedience. Any thoughts? It is legal for them to file a random non-MCA lawsuit because they don't like one of the parties?

[swiftcloser]

.....

[WhoisKingsley]

This whole scenario is very very familiar. It's kind of like fighting to build a wall.

[mcaguru]

https://www.nytimes.com/interactive/...e-housing.html

The Eviction Machine Churning
Through New York City

Housing court, a system created to protect tenants, has become a powerful tool for landlords.

[WhoisKingsley]

https://www.nytimes.com/interactive/...e-housing.html

The Eviction Machine Churning
Through New York City

Housing court, a system created to protect tenants, has become a powerful tool for landlords.

That's a ton to read. One part that stuck out ....

"Because few lawyers are ever sanctioned, the system creates an incentive to file as many cases as possible, regardless of merit."

We can do a play on words and replace some to make it make sense to our space.

[mcaguru]

That's a ton to read. One part that stuck out ....

"Because few lawyers are ever sanctioned, the system creates an incentive to file as many cases as possible, regardless of merit."

We can do a play on words and replace some to make it make sense to our space.

seems like the landlors figured out away to use the system to evict tens of thousands into the streets!

[Chambo]

https://www.nytimes.com/interactive/...e-housing.html

The Eviction Machine Churning
Through New York City

Housing court, a system created to protect tenants, has become a powerful tool for landlords.

That's a really depressing story. what made you post it?

[mcaguru]

That's a really depressing story. what made you post it?

I was trying to demonstrate that Marshals have gotten a lot of publicity .... in our space and than n the consumer side seems like they literally are used by landlord to enforce people into the streets (seems NYT got that story going but notice ZERO followup from advocators and etc. when it comes to this group of innocent people...as in almost all cases renters want to pay the rent..they just don't have the funds (temporally) and lack the ability to rep themselves seems like this should have been the story of 2018!!!! ).

you agree chambo ?
https://www.nytimes.com/interactive/...e-housing.html






https://www.nytimes.com/interactive/...ing-court.html

[Chambo]

I was trying to demonstrate that Marshals have gotten a lot of publicity .... in our space and than n the consumer side seems like they literally are used by landlord to enforce people into the streets (seems NYT got that story going but notice ZERO followup from advocators and etc. when it comes to this group of innocent people...as in almost all cases renters want to pay the rent..they just don't have the funds (temporally) and lack the ability to rep themselves seems like this should have been the story of 2018!!!! ).

you agree chambo ?
https://www.nytimes.com/interactive/...e-housing.html






https://www.nytimes.com/interactive/...ing-court.html

FUBAR scenario man.....but still not sure what is has to do with COJs. Marshals with evictions, or with COJs are just doing their job. Putting an end to the whimsical filing is more the issue,....and the clerks see the writing on the wall...and don't want their names blasted in the news (remember, they live in small communities usually and have to face those folks)

[Don Dolla]

Should we be worried about the ban on COJs and a rise in evictions for brokers/funders?

wtf how does this help