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Found 17 results

  1. @BV80 This was filed yesterday in US District Southern District of California. https://files.consumerfinance.gov/f/documents/cfpb_encore-capital-group-et-al_complaint_2020-08.pdf Consumer Financial Protection Bureau Sues Debt Collectors and Debt Buyers Encore Capital Group, Midland Funding, Midland Credit Management, and Asset Acceptance Capital Corp. WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (Bureau) filed a lawsuit against Encore Capital Group, Inc. and its subsidiaries, Midland Funding, LLC; Midland Credit Management, Inc.; and Asset Acceptance Capita
  2. Commack, N.Y.-based Forster & Garbus LLP sought to collect on more than 99,000 debts through lawsuits between 2014 and 2016, relying on “nonattorney support staff, automation, and both a cursory and deficient review of account files” to file those suits, according to CFPB complaint filed on 5/17/19. Federal district court case Forster & Garbus, LLP The Consumer Financial Protection Bureau today filed a lawsuit in the federal district court in the Eastern District of New York against Forster & Garbus, LLP, a New York debt-collection law firm. The Bureau’s complaint all
  3. Hello, I am currently getting sued for a debt that I now know for sure I do not owe. The gist is I answered a summons with a general denial of the debt based on lack of information (asserted no affirmative defenses) in CO's simplified procedures. I have a pre-trial conference in February. Attorney sent a disclosure statement with printout of a few online statements, (worth noting two months of statements they claimed were in the document packet were actually missing (not sure if mistake or on purpose)). I was recently able to access my old bank account to find I made several
  4. Hi all, Long story short, JDB sues me for breach of contract of an old Citibank CC account. I file MTC Private Contractual Arbitration and Dismiss. In the motion hearing, dirtbag PA argues that the CC agreement I swore applied, doesn't apply because I can't prove which CC agreement is which, blah blah. Judge swears me in, asks me why I believe what I believe, decides not to believe me, then sides with dirtbag PA. Yay justice for the common citizen. See this link for a lively discussion on a motion judge abusing their discretion to first entrap into discussing, and then rule on, the
  5. I've also been sued in AZ by Midland Funding for a personal line of credit for health care services. They filed a Notice of Service of Disclosure Statement on July 22th but I didn't do anything with it upon receipt as I wasn't sure what to do. Then I had a mediation hearing today but did not enter into any agreement because I recalled that there was a CFPB ruling against them about 2 years ago and I didn't know the details of it. I just found it here and wanting to know if there's any recommendation as to how I should proceed from this point. They've also filed for a Summary Judgement which I
  6. I just got sent this article by another attorney. http://finance.yahoo.com/news/2-americas-largest-debt-collectors-194552315.html
  7. Long time no post. The CFPB action against Chase brought me back out. http://www.consumerfinance.gov/administrativeadjudication/ What recourse will this give those of us who have settled with a JDB? I sued Chase ProSe in 2012 to remove 2 items on my credit reports that had started as Wamu accounts. They settled out of court and the items were removed from my report Sadly they had been sold separately one to Midland and one to MCM (i know same company) The account that went to MCM used a local debt collector and sued me for one. I fought in court but because it was bloc
  8. This is huge: http://www.consumerfinance.gov/newsroom/cfpb-47-states-and-d-c-take-action-against-jpmorgan-chase-for-selling-bad-credit-card-debt-and-robo-signing-court-documents/ Just one highlight: Chase will withdraw, dismiss, or terminate all pre-judgment collections litigation pending at any time after January 1, 2009.
  9. Fred Hanna files a motion to dismiss and CFPB files its response. I recommend clicking through to read the CFPB's response: http://www.insidearm.com/daily/debt-collection-news/debt-collection/cfpb-gets-testy-in-latest-filing-in-debt-collection-law-firm-enforcement-action/ (I apologize in advance if this has been posted here already. I didn't see that it had been.)
  10. Great reporting on a difficult subject. Debt collectors are bad enough, but to be harassing the family members of people who just passed away is awful. Thankfully, this end of the industry is beginning to clean up its act. Please see: http://www.vox.com/2014/8/27/5978351/inside-the-practice-of-collecting-money-from-dead-people-deceased-collections?utm_medium=social&utm_source=facebook&utm_campaign=voxdotcom&utm_content=wednesday
  11. Note - This bill was introduced in the US Senate. Not sure if there is a companion bill in the House of Representatives as yet. It is a commendable effort, but at the rate both are approaching the infinity of dysfunction, no action to pass the bill is contemplated before the END of the century. If we are reading the bill correctly, it provides injunctive relief to plaintiffs as well as ATTORNEYS FEES!!! If someone could give me a quick sanity check [text of the bill is below], that would be much appreciated. Amendment to Fair Credit Reporting Act to Impact Debt Collection Bill focuses on
  12. Fascinating story regarding the seedy underworld of debt collectors, debt brokers, and those who finance them. Paper Boys: Inside the Dark, Lucrative World of Consumer Debt Collection Source: New York Times, Aug 15 2014 http://www.nytimes.com/interactive/2014/08/15/magazine/bad-paper-debt-collector.html?partner=rss&emc=rss
  13. When Health Costs Harm Your Credit By ELISABETH ROSENTHAL, NEW YORK TIMES MARCH 8, 2014 LIKE most people, I am generally vigilant about paying my bills — credit cards, mortgage, cellphone and so on. But medical bills have a different trajectory. I (usually) open the envelopes and peruse the amalgam of codes and charges. I sigh or swear. And set them aside for when I have time to clarify the confusion: An out-of-network charge from a doctor I know is in-network? An un-itemized laboratory bill from a doctor I’ve never heard of? A bill for a huge charge before my insurer has paid its yet u
  14. After what happened to me I have been thinking. The only way to force the courts to act properly is to rub the spectre of Civil Rights Violations on them. If you live in a large city such as LA there is usually commision for civil rights issues. If you complain to them about your treatment in court they may take it up. If you also say you saw a disporportionate number of minorities being bullied by the court they may do even better. The court has chosen sides on this area of law and it is not right. So letters to the editors maybe even well written op-ed not only may net you some coin but ma
  15. The Banking Law Journal, February 2014, pp 143-152 http://www.stroock.com/SiteFiles/Pub1436.pdfREGULATORY SCRUTINY INCREASES ON LENDERS’ COLLECTION PRACTICES WITH RESPECT TO THIRD PARTIES AND DATA INTEGRITYby Benjamin G. Diehl This article examines the nature of the Consumer Financial Protection Bureau and other agencies’ focus on debt collection practices and strategies creditors and other interested parties may wish to consider as a result.pp 147-148'Moreover, a creditor can expect to face substantial regulatory scrutiny in its dealings with third parties even if it elects to sell its debt
  16. "Announcements Now on RegulationRoom.org – Consumer Debt Collection Practices November 6, 2013 The Consumer Financial Protection Bureau (CFPB) is considering new rules for the debt collection industry, and needs your feedback on its questions and ideas. CFPB believes debt collection is an important issue for consumers and are taking the first steps to gather information to determine what rules would be appropriate to protect consumers who are subject to debt collection. This decision matters to you if you: •had an experience with debt collection (good or bad) •counsel consumers with over