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CFPB Files Suit Against Frederick J. Hanna & Associates


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"Today, the Consumer Financial Protection Bureau (CFPB) filed a lawsuit in a federal district court against a Georgia-based firm, Frederick J. Hanna & Associates, and its three principal partners for operating a debt collection lawsuit mill that uses illegal tactics to intimidate consumers into paying debts they may not owe. The Bureau alleges that the Hanna firm churns out hundreds of thousands of lawsuits that frequently rely on deceptive court filings and faulty or unsubstantiated evidence. The CFPB is seeking compensation for victims, a civil fine, and an injunction against the company and its partners."

 

 

http://www.consumerfinance.gov/newsroom/cfpb-files-suit-against-debt-collection-lawsuit-mill/

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@BV80

From the complaint:

"In 2009 and 2010, the Firm directed one attorney to sign about 85% of the Georgia Collection Suits—about 138,000 lawsuits. Over two years, this single attorney signed an average of about 1,300 collection suits a week."  http://files.consumerfinance.gov/f/201407_cfpb_complaint_hanna.pdf
 
Wonder what brand of pen this attorney uses? Maybe we should buy some stock!  :rolleyes:  
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Some comments from Dark Side guys:

 

Ameripay says:

They don’t want us to write, they don’t want us to call, now they don’t want us to sue.

Guess it’s time to stop lending and let the loansharks get back to work.

ryon gambill says:

Obama voters owe every one of us an apology. We employ hundreds of thousands, but not for long.

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