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Debt Relief Industry

BBB Says Notorious Doug Van Arsdale Still At It With SaveMore.com

The St. Louis BBB has issued the following statement on the reincarnation of Doug Van Arsdale from Credit Solutions of America. More than 1,000 Internet shoppers from across the nation – including dozens from Missouri and Illinois – said they never received discount coupons purchased from the Texas-based daily deal site SaveMore.com. The Better Business Bureau (BBB) says customers from ... Read More »

Non-Profit Credit Counselors Get Into the Bogus Debt Relief Mailer Business

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A reader forwarded me the following mailer she received. It is a spinoff of the many bogus debt relief mailers over the past few years. This mailer bears the following identification: Document NPDRA2012 Non-Profit Debt Relief Agency – Pre-Qualification Notice 800-370-9375 Credit Card Accountability, Responsibility, and Disclosure Act of 2009 Claims to be associated with a “Certified Non-Profit 501c3 Debt ... Read More »

No Apparent Honor in Debt Settlement. Kevin Devoto Sues Lloyd Regner

Kevin Devoto and Lloyd Regner have appeared in a number of stories over the years. Generally they were associated with Lloyd Ward in some sort of related enterprise or lawsuit. But the tides have apparently turned. A tipster (send in your tips here) just forwarded to me a suit that was filed in Texas on March 12, 2012 by Kevin ... Read More »

CFPB Getting Ready to Set Rules by UDAAP Enforcement Actions

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Ballard Spahr law firm has published an article today that indicates the Consumer Financial Protection Bureau is most likely in the midst of conducting active enforcement actions. Their website (cfpbmonitor.com) is reporting: While the CFPB’s choice of initial enforcement targets will undoubtedly be significant regardless of the kinds of violations the CFPB’s alleges, they will take on even more significance ... Read More »

Financial Freedom Processing, Debt Consultants of America and Debt Professionals of America Post Press Release on Victory

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A reader just brought this press release to my attention. Get Out of Debt Guy – Twitter, G+, Facebook Federal Judge Rules in Favor of Financial Freedom Processing, Debt Consultants of America and Debt Professionals of America, Finding that the Federal Trade Commission Failed to Prove its Claims DALLAS, March 21, 2012 /PRNewswire via COMTEX/ — In a stunning rebuff ... Read More »

Sameer Lakhany & Precision Law Center Halted by FTC

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At the request of the Federal Trade Commission, a U.S. district court has halted an operation that took in more than $1 million by allegedly selling homeowners bogus mortgage relief and foreclosure rescue products, including a scam that falsely promised to get help for homeowners who joined others to file so-called “mass joinder” lawsuits against their lenders. This is the ... Read More »

Ohio AG Files Against California Debt Relief Companies Who Did Not Give Refunds

On March 8, 2012 the State of Ohio filed suit against Nelson Gamble & Associates, Jackson Hunter, Morris & Knight, and Jeremy Nelson. The suit alleges that Nelson Gamble & Associates, a Colorado corporation, that said they were actually located at 18101 Von Karman Avenue, 3rd Floor, Irvine, California 92612. and Jackson Hunter Morris & Knight, a Nevada company, was ... Read More »

National Association of Tax Debt Resolution Companies to Hold DC Meeting

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New association conference for tax resolution companies will highlight new challenges and public policy options facing the tax problem resolution industry The inaugural meeting of the National Association of Tax Debt Resolution Companies will be held May 20 and 21 in Washington, DC. The conference will be a chance for industry colleagues to learn about the new challenges facing the ... Read More »

All About Tax Resolution Services, Co

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Company Name Tax Resolution Services, Co Owners/Managers Michael Rozbruch, Founder and CEO CPA and Certified Tax Resolution Specialist (CTRS) Brian Compton, President CPA and Certified Tax Resolution Specialist (CTRS) Physical Street Address 6345 Balboa Blvd., Suite 285, Encino Office Park Bldg. IV Encino, CA 91316 Contact Information Michael Rozbruch 1-866 477-7762 [email protected] Website taxresolution.com Description of Services Provided IRS and ... Read More »

Clear Your Debt, Global Client Solutions Case Kicked Out of Ohio Court to Arbitration

Yesterday the case against Clear Your Debt in Ohio was dismissed and sent to arbitration. Interestingly, the co-defendant Global Client Solutions’s request for arbitration under the Federal Arbitration Act was denied. The ruling provides yet another example of why consumers should carefully evaluate debt relief services prior to signing any contract and make sure they fully understand the agreement before ... Read More »

Credit Counseling Industry Education Series

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The Association of Credit Counseling Professionals (ACCPros) is offering a FREE education series to the Credit Counseling industry. They say they are offering this not only to improve Best Practices in the industry but to also promote their association. ACCPros states it is unique in the industry as a 501c6 trade association which allows them to lobby directly with lawmakers, ... Read More »

Take Charge America Lays Off Substantial Staff

Yesterday I received a message from a tipster (send in your tips here) that said: Due to the lawsuit and actions taken by the suit against TCA they on 3-13 completed mass layoff of over 50% over their workforce, down sizing mainly the new accounts departments. Many feel this may only be the first cut. And today I learned an ... Read More »

Precision Law Center Disappearance Solved. FTC Took Action.

Thanks to a tipster (send in your tips here) the mystery about what happened to Precision Law Center is not solved. According to the Precision Law Receivership site: On March 5, 2012, the Federal Trade Commission filed an action against Defendants Sameer Lakhany, The Credit Chop, LLC, Fidelity Legal Services LLC, Titanium Realty Inc., Precision Law Center, Inc., and Precision ... Read More »

FTC to Pursue Other Options in Debt Settlement Case Loss in Texas

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Under the heading of “wow that was fast,” I’ve already received a response from the Federal Trade Commission to their recent loss in a Texas Federal Court in their case filed against Freedom Financial Processing, Debt Professionals of America, Debt Consultants of America, Robert Creel, Corey Butcher, and Nikki Creel. In that case, which you can read more about here ... Read More »

Court Issues Unfavorable Decision to FTC in Debt Settlement Performance Claims Suit

A court in Texas a just issued an opinion that appears to fly in the face of the FTC Telemarketing sales rules claims about debt settlement program performance statements. On March 12, 2012, Judge David Godbey issued the following opinion in the case involving Freedom Financial Processing, Debt Professionals of America, Debt Consultants of America, Robert Creel, Corey Butcher, and ... Read More »

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