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Archive for 'Month: May 2012'
Bank of America and Cach LLC Involved in Suspicious Debt Collections Happenings
A disturbing piece of collection harassment news has come to our attention via American Banker: Bank of America has apparently sold a debt collector the rights to sue consumers over credit card debt that it has internally confirmed to possibly be repaid or...
Read MoreArizona Governor Signs Bill that Helps Debt Collectors
Arizona Gov. Jan Brewer has approved legislation making it easier for debt collectors to go after defaulting consumers and small businesses. Brewer signed House Bill 2664 into law today. The measure allows collection agencies to use final billing statements as a basis...
Read MoreGlobal Payments Credit Card Data Compromised
Although this blog is usually dedicated to educating consumers about credit and collection scams and educating them on how to stop collection calls, today there is a different, but no less important, type of credit news that needs to be brought...
Read MoreBank of America Rolls out Suspicious New Pilot Program
Bank of America (BoA) has introduced a test program in certain markets called “Mortgage to Lease,” says the Wall Street Journal. It allows BoA mortgage customers facing foreclosure to keep living in their homes by converting them into renters rather...
Read MoreChase to Employee: ‘Go Along with the Plan to Sell the Misrepresented Asset’
The American Banker’s Jeff Horwitz recently put together a fantastic story exposing widespread internal irregularities at Chase regarding its credit card practices. The story is pulled from information gathered from a number of current and former Chase employees. It all...
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