The Consumer Financial Protection Bureau (CFPB) has reached a settlement in its lawsuit against law firm Forster & Garbus, LLP for illegal debt-collection practices. If approved by the court, the proposed settlement would prohibit Forster & Garbus from filing any new lawsuit against a consumer unless it has specific documents supporting the debt and certifies …
The question about sending a letter to get a debt collector to stop contacting you is always an interesting one. The decision to send such a letter is so multifaceted and involves emotion, risk, and tolerance. But, maybe most importantly, it consists in having a plan and taking action that will ultimately deal with your …
Listen to the Podcast You can subscribe to my podcast on any of these sites below. Easiest way to listen – Say “Hey Siri play Get Out of Debt Guy Podcast” or “Hey Alexa play Get Out of Debt Guy Podcast” Easiest way to subscribe – Say “Hey Siri subscribe Get Out of Debt …
Today, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion affirming that federal law often prohibits debt collectors from charging “pay-to-pay” fees. These charges, commonly described by debt collectors as “convenience fees,” are imposed on consumers who want to make a payment in a particular way, such as online or by phone. “Federal law …
I’ve recently heard more about a group offering legal help to get people out of debt. People have mentioned similar names of companies, both Century Law Group and Century Law Firm. From a look at each company’s website CenturyLawInc.com and CenturyLawGroup.com it initially appears to me that the company primarily focused on selling debt relief …
The Consumer Financial Protection Bureau (CFPB) today sued United Debt Holding (UDH), JTM Capital Management (JTM), United Holding Group (UHG), and their owners, Craig Manseth, Jacob Adamo, and Darren Turco, for illegal debt-collection practices. The Bureau alleges that the defendants placed consumer debt with, or sold consumer debt to, collection companies that used unlawful and …
New York recently enacted Senate Bill (SB) 153, the Consumer Credit Fairness Act, significantly impacting debt collection lawsuits filed by creditors or debt collectors. A few of the key amendments include: Most collection lawsuits arising out of a consumer credit transaction will now have a 3-year statute of limitations rather than 6 years. Extensions and …
Q: What happens if you don’t file bankruptcy but still have credit card debt or loans at the bank? A: You owe them. Q: A collection agency sent my debt to a lawyer with a court date do I have to acknowledge it? A: No, but you will then lose by default. Q: Do I …
Defendants posed as police, attorneys to threaten consumers over fake debts An Atlanta-based debt collection company and its owners will be permanently banned from the debt collection industry under the terms of a settlement with the Federal Trade Commission. In its complaint against Critical Resolution Mediation, LLC, along with Brian Charles McKenzie and Tracy Dottrice …
The Consumer Financial Protection Bureau (CFPB) recently filed a proposed settlement to resolve a lawsuit against a debt collection enterprise and its owner. The CFPB alleges that Fair Collections & Outsourcing (FCO) violated federal law by failing to establish or implement reasonable written policies and procedures regarding the accuracy and integrity of the information it …