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Sued or Sanctioned

Scott Law Group Adds Financial Solutions Legal Center

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The law firm Scott Law Group out of Washington has added another debt relief company to their list of targets. Lynch Financial Services, Inc, which is also doing business as Financial Solutions Legal Center was recently added to the growing member list. How the Scott Law Group finds all these companies is beyond me. Get Out of Debt Guy – ... Read More »

Scott Law Group Adds GreenByPhone to List

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The Scott Law Group, that Washington state legal firm that has sued a number of debt relief companies, has added a new name to this big list, GreenByPhone, Inc. But apparently these folks were involved in an action with J Hass Group, a name debt relief industry people should recognize. According to the Scott Law Group: On March 14, 2014, ... Read More »

Consumer Assistance Project Not Loved by Connecticut

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Here is what the Connecticut Department of Banking says: IN THE MATTER OF: LAW OFFICES OF TIMOTHY MCCABE, P.A. (“McCabe”) CONSUMER ASSISTANCE PROJECT, CORP f/k/a BACK OFFICE LAW PROJECT, CORP (“Consumer Assistance Project”) McCabe is a former attorney with offices at 30 S. M. Street, Lake Worth, Florida, and 1350 E. Newport Center Drive, Suite 100, Deerfield Beach, Florida. Consumer ... Read More »

West Virginia Sues Legal Helpers Debt Resolution

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West Virginia Attorney General Patrick Morrisey announced today that his Office recently filed suit in Kanawha County Circuit Court seeking to prohibit Legal Helpers Debt Resolution LLC from doing any further business in the state. Talk about late to the party. In his complaint, Attorney General Morrisey alleges Legal Helpers Debt Resolution LLC, a Nevada company based in Chicago, violated ... Read More »

Consumer Relief Programs / Consumer Advocacy Assistance Nastygram

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The state of Connecticut has issued an order to make restitution and cease and desist order to California based Consumer Relief Programs / Consumer Advocacy Assistance programs. According to the State “the company is a California corporation with offices at 14252 Culver Drive, Suite 352, Irvine, California, and 24881 Alicia Parkway, Suite #E516, Laguna Hills, California. On or about October ... Read More »

Lloyd Ward Loses on Appeal. KS Judgment to be Enforced in TX.

begging

First a personal message to Lloyd Ward. Lloyd, I don’t stalk you, care about you, think about you, or follow you. The only reason I’m writing this story is because people keep sending stuff to me that relates to your past debt settlement activities. I don’t even publish all the stuff people send me. And we now resume our regular ... Read More »

Credit Answers Settles With Colorado

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With receipt of $225,000, the state has resolved a case in which 615 Coloradans were financially harmed by a Texas-based debt-settlement company that was operating illegally in Colorado. The Consumer Protection Section of the Attorney General’s Office has entered a stipulation and final agency order with the now defunct CreditAnswers and its Chief Executive Officer William Loughborough (D.O.B. 11/02/62). “When ... Read More »

Meracord, Noteworld, and Fidelity and Deposit Company Hit With Class Action

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While the flood of lawsuits against debt settlement companies has slowed considerably yet one more class action has been added against Meracord, Noteworld, and Fidelity and Deposit Company of Maryland. This time in Arizona. The complaint provides a very long description of the alleged actions and conspiracy between the debt settlement escrow company and the companies they elected to work ... Read More »

Connecticut Announces New Wave of Debt Relief Company Actions

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The State of Connecticut is very active when it comes to going after debt relief companies. I publish these actions as a warning to other debt relief companies so they can learn from the issues others have faced and avoid them. In particular it appears the State Department of Banking is taking action against attorneys who are not licensed in ... Read More »

EFA Processing Signs Consent Order

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The State of Connecticut has just entered into a consent order with EFA Processing and Ken Talbert over debt relief help offered to State residents. According to , EFA Processing “voluntarily agrees to consent to the entry of the Consent and Agreement described below without admitting or denying any allegation or any claim contained in the Order and Notice and ... Read More »

Loan Modification Debt Company Owner Sentenced to Prison

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Ian Kideys, 40, of La Jolla, California was sentenced to five years in club fed for his role in K2 Capital Management, U.S. Mortgage Bailout, and iLoanAudit. Shocker, a loan modification company owner found guilty of fraud. According to prosecutors, “US Mortgage Bailout obtained some mortgage relief for its customers through fraudulent representations to lenders, but otherwise simply collected money ... Read More »

Debt Relief Company Officers to Face More Personal Liability From CFPB

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Indications out of the CFPB are that the agency plans to go after individuals in enforcement actions and not just companies. “In a speech last week to the Reuters Washington Summit, Director Cordray is reported to have indicated that the CFPB is committed to pursuing individuals, and not just companies, when exercising its enforcement authority.” The same report stated that ... Read More »

Meracord / NoteWorld Falls to CFPB. Global Client Solutions to Follow?

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Yesterday the Consumer Financial Protection Bureau announced an action and settlement against Meracord, previously known as NoteWorld. Meracord was one of the two primary players assisting debt relief companies to collect money from consumers and then pass it on to debt relief companies. Global Client Solutions is the second. What makes this current episode all seem so silly was the ... Read More »

Debt Care USA Added to Scott Law Group Hit List

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The Scott Law Group, the Spokane law firm that has seemingly specialized in pursuing many debt relief companies has added a new company to their list. Debt Care USA has been added after a September 27, 2013 class certification in Spokane County Superior Court. Case documents can be accessed here. As of today the companies listed in play with The ... Read More »

Lloyd Ward and His BFF Lloyd Regner Found Guilty

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The only part of this story which make it even more bizarre is the fact Lloyd Ward and Lloyd Regner, ex-business partners, are now involved in suing each other and allegedly trying to win back their mutual former clients from each other. Whatever was going on between them, can be read here. But in a press release issued a couple ... Read More »

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