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Archive for 'Debt Collection Methods'
CFPB Considers Suing Student Loan Giant Navient For Cheating Borrowers
Federal regulators are considering suing Navient Corp., the nation’s largest student loan company, for allegedly cheating borrowers, the company said Monday. The Consumer Financial Protection Bureau, which has been investigating the company for nearly two years, sent Navient a letter...
Read MoreDebt Collector Green Tree Responsible for Burden of Proof
The U.S. Court of Appeals for the Third Circuit ruled that under the Fair Debt Collection Practices Act, debt collectors contacting third parties to locate debtors must show that the contact was purely to locate the debtor. In this case, Patricia...
Read MoreCFPB Takes Action, Fines Military Allotment Processor Millions
The CFPB (Consumer Financial Protection Bureau) has taken legal action against a military allotment processor who failed to clearly disclose a number of recurring fees to service members. The outcome? Roughly $3.1 million in relief that is to be paid out to affected service members....
Read MoreCourt Allows Class Action Accusing Collector, Law Firm of ‘Sewer Service’
Reuters reports that, last month, over 100,000 potential plaintiffs were permitted to pursue a class action against a New York-based debt collector and law firm. The claim is that both Leucadia National Corp and the Mel S. Harris law firm were using...
Read MoreCFPB Called Upon to Toughen Payday Loan Standards
In a recent opinion piece for the New York Times, Executive Vice President and Director of Federal Policy at the Center for Responsible Lending, Gary Kalman, calls upon the Consumer Financial Protection Bureau (CFPB) to crack down on standards for payday...
Read MorePressler & Pressler Hit with Class Action
In a recent article published by NJ Law Journal, it was reported that a putative class action has been filed against the largest collections firm in New Jersey, Pressler & Pressler. This news comes in the wake of a recent ruling...
Read MoreCFPB Pursues Georgia Firm for “Cookie-Cutter” Debt Collection Lawsuits
Imagine having paid-off a debt only to receive a legal notice years down the line insisting you owe more money. That’s what happened to Eduardo Austin of Atlanta, GA, who paid off a $2,400 credit card bill only to discover...
Read MoreFTC Takes $4 Million Action Against Deceptive Debt Collector
“Convenience fees” never seem to be all that convenient, do they? Although convenience fees are common to countless businesses and service providers, these charges become an entirely different monster when a company illegally pushes them on its customers. RTB Enterprises,...
Read More1 800 NOT FAIR FDCPA Attorney Featured in NBC Nashville Story on National Credit Adjustors
Receiving threatening collection calls from National Credit Adjustors? You are not alone and there is help to stop collection calls. FDCPA Attorney Amy Bennecoff was featured in an NBC Nashville investigation into National Credit Adjustors. The story highlights victims of threatening collection...
Read MoreSpoofing: Debt collectors sleight of hand dialing for dollars
As debt collectors become more invasive in contacting consumers, spoofing has been utilized with greater frequency. Spoofing is a calling scheme that allows a telephone caller to fool the caller ID system of the recipient. Unfortunately, the law has yet...
Read MoreAutomated Calls Ring in $500,000 Fine for One of Canada’s Largest Debt Collectors
An investigation by Canada’s federal regulatory arm, Canadian Radio-television and Telecommunications Commission (CTRC), found one of the country’s largest debt collectors iQor Canada Ltd guilty of violating consumer rights. Chiefly iQor was accused of using robocalls in an attempt to...
Read MoreNew York: Consumer Fair Debt Collection Practices Rights Trampled On
New report blames “Sewer Service,” “Robosigning,” and lack of legal representation Last month the New Economy Project (NEP), a New York-based non-profit advocacy group, released its report detailing abuses in New York courts that are to blame for overburdening the...
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