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News of the Day

Midland Funding Pays Big Fine

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Midland Funding Pays Big Fine Over Robosigning Debt Collection Suits One of the country’s largest debt buyers has agreed to overhaul its collection practices and pay the state of Minnesota $500,000 in a settlement that reflects heightened scrutiny of the growing industry. Midland Funding LLC, owned by debt-buying giant Encore Capital Group Inc. in San Diego, faced allegations that it ... Read More »

TV Lawyer Charged With Bankruptcy Fraud, Student Loan Debt Slaves, GI Bill Scams

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TV Lawyer Randolph Goldberg Sanctioned for Forgery and Fraud Well-known TV lawyer Randolph Goldberg is being sanctioned for forgery and fraud. It’s a federal case Contact 13 Chief Investigator Darcy Spears has been following for nearly four years. This case is the latest in Goldberg’s string of legal troubles. As we reported in September, Randolph Goldberg is already under federal ... Read More »

Extended Warranty Advice, New Student Loan Collection Tools, College Not Worth the Cost,

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Resist the Extended-Warranty Pitch While you’re doing your holiday shopping, be prepared for the inevitable pitch to add a service plan, or extended warranty, to your purchase, especially if you’re buying electronics or appliances. Salespeople will tell you that a service plan gives you the peace of mind of knowing that any repairs needed after the manufacturer’s warranty expires will ... Read More »

Oregon Sues Legal Helpers Debt Resolution, Russian Consumer Run Up Debt, Elderly Sweepstakes Scam

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Oregon sues Legal Helpers Debt Resolution and Chicago law firm for financially abusing elderly Legal Helpers Debt Resolution collected at least $2.5 million in fees from Oregon consumers since 2009, promising to secure “financial workouts” for their unsecured debts, according to a complaint filed Tuesday in Multnomah County Circuit Court. But the company never registered with the state as required ... Read More »

Apple Virus, South African Consumer Debt, DocX Racketering, UK Debt Relief

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Fake Apple Emails Lead to Computer Virus Infection Online criminals targeting exploits is nothing new, but they are now taking a multi-pronged approach to compromising your security. They are not just exploiting unpatched flaws in your applications; when that fails they convince you to infect yourself. Take, for example, this email I received today pretending to be an invoice from ... Read More »

Debt Settlement Targets Ohio, Nearly Half Want to Skip Christmas, NY AG Sues Bank

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Debt settlement companies lobbying Ohio for entry into the state Companies that charge up-front fees for working with consumers to settle tens of thousands of dollars in credit-card debt are pushing for a bill in the lame duck legislative session that would allow them to operate in Ohio. The “debt settlement” industry has been advocating for legislation in Ohio for ... Read More »

Debt Forgiveness, Auto Loans Way Up, Mortgage Exec Admits Fraud, Rolling Jubilee

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Attorney General Leads National Effort To Extend Tax Relief for Distressed Homeowners Jepsen co-authored a letter with Florida Attorney General Pamela Bondi, which was signed onto by 40 other attorneys general and sent today to U.S. House and Senate leaders. It asked the leaders to extend the exclusion, which has been in effect since 2007, and which will otherwise expire ... Read More »

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