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Things Wrapping Up in Lloyd Ward, Lloyd Regner, and ABC Debt Relief Case

Money and book

Back in 2010 a bunch of debt settlement employees filed suit against ABC Debt Relief, The Debt Answer, Lloyd Ward, Lloyd Ward & Associates, and Lloyd Regner for wages owed. You can read more about that suit and its X-rated allegations, here. According to files just sent to me by a tipster (send in your tips here), the case has ... Read More »

    Bank of America to Pay $727 Million for Illegal Credit Card Practices

    Happy people celebrating with money raining

    The Consumer Financial Protection Bureau (CFPB) has ordered Bank of America, N.A. and FIA Card Services, N.A. to provide an estimated $727 million in relief to consumers harmed by practices related to credit card add-on products. Roughly 1.4 million consumers were affected by Bank of America’s deceptive marketing of their add-on products. Bank of America also illegally charged approximately 1.9 ... Read More »

      Auto Purchase Goes Wrong and Leaves Widow Holding a Big Mysterious Debt

      car loan

      In North Carolina a case is meandering it’s way through the courts regarding the purchase of a Jeep and the resulting financial quagmire. If you have some free time to work your way through the document filed, you will wind up scratching your head. It’s confusing enough the consumer is named Hester and the car dealership was Vester but keep ... Read More »

        Do Debt Relief Companies Violate the Fair Debt Collections Practices Act?

        surprise

        For some time the esoteric argument of debt relief companies putting debt outside the statute of limitations in a credit counseling or debt settlement program, has been bantered about. But a recent twist to this otherwise academic discussion has put a new emphasis on this issue. A Seventh Circuit court opinion found that debt collectors’ letters to consumers offering to ... Read More »

          Department of Education Wants to Make Schools Accountable for Cost

          Feedback

          The Department of Education is proposing new rules tomorrow that would make for-profit colleges, universities and schools be more responsible for the education and cost of that education provided to students in programs which prepare student for gainful employment. The government is concerned a number of these postsecondary educational programs are neither accountable nor transparent to students enrolling in these ... Read More »

            More Mortgage Rescue Idiots Headed to Jail

            mans hands behind bars in jail or prison

            Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), and Preet Bharara, United States Attorney for the Southern District of New York, today announced that on Wednesday, Isaak Khafizov, a former owner of American Home Recovery (“AHR”), a mortgage loan modification business that operated in New York, was sentenced in Manhattan federal court to nine years in ... Read More »

              FTC Beats American Indians, Again

              Run away. Here comes the FTC!

              The poor American Indians get no respect. First they lose the continent, their land, and then this payday loan court battle. Actually the last one they should have lost. U.S. District Judge Finds that FTC Can Sue Deceptive Payday Loan Business Regardless of American Indian Tribal Affiliation Defendants behind AMG Services Had Argued That Tribal Affiliation Exempts Them from Federal ... Read More »

                Florida Clears Clouded Fidelity Land Trust Deeds for Consumers

                Searching-right

                The State of Florida has taken action to undo all the titles assigned to Florida company Fidelity Land Trust, a company that has been in the news here. FLT had been selling consumers a program they billed as a way to clear the mortgage on a Florida home. According to a recent article by Kimberly Miller of the Palm Beach ... Read More »

                  Why Most Student Loan Debt Advice is Bad or Just Wrong

                  money down the drain narrow

                  As a consumer debt expert it is exceedingly frustrating hearing from people all around the country on a daily basis who are seeking good help for their student loan troubles, only to get really bad advice, or worse, ripped off. The scammers are ahead of the experts on selling student loan solutions. It’s not unusual at all for me hear ... Read More »

                    FTC Nails Debt Collectors With Court Order

                    ftc

                    Defendants Behind Buffalo, New York-based Operation Misrepresented They Were with the Government and Threatened Consumers with Arrest and Other Legal Action At the request of the Federal Trade Commission, a U.S. district court halted a debt collection operation that the agency charged with violating the Federal Trade Commission Act and the Fair Debt Collection Act by misrepresenting that they were ... Read More »

                      AmeriFree Says I Got It All Wrong

                      happy woman in wheelchair outdoors beach showing victory sign

                      In a recent article “Why Isn’t AmeriFree Licensed in Their Own State?” a reader asked why AmeriFree did not appear to be registered to offer debt relief services in Arizona. As I said in the article, I had previously reached out to AmeriFree for a statement or response and heard nothing. Well today I have. A John Corey said, “AmeriFree ... Read More »

                        Selling You a BS Copy of Your Deed Gets Pissy

                        afraid alone

                        Recently I wrote about a BS mailer from some company called Record Transfer Service and it was called a Deed Processing Notice. My objection was the mailer was offering consumers a copy of their deed, many can get online for free. Well it seems the bad blood of this effort extended back to 2012 when one party, Secured Document Services ... Read More »

                          United Credit Consultants Says the Darndest Things

                          oops

                          In a story I’ve been working on for a bit, United Credit Consultants in Minnesota had said something in a press release that caught the attention of readers who brought it to my attention. It seems United Credit Consultants was saying they had FICO certified negotiators who could provide debt settlement service. But not only did UCC wind up with ... Read More »

                            Foreign Scammers Targeting U.S. Companies Stopped by FTC

                            Screen Shot 2013-11-18 at 11.35.13 AM

                            In an action brought by the Federal Trade Commission, a federal court has banned a Slovakia-based operation from the online directory business and entered a $9 million judgment against them. “The last thing small business owners need is someone trying to trick them out of their hard-earned money,” said Jessica Rich, Director of the FTC’s Bureau of Consumer Protection. “The ... Read More »

                              Who is Cornerstone Legal Group?

                              Searching-right

                              A reader wrote in and wanted to know more about a debt relief company, Cornerstone Legal Group. I am not familiar with the company at cornerstone-legal.com so I’d love to hear from anyone who has used this company in the comments below. If we look at the ownership of the domain name it does not help to solve the mystery, ... Read More »

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