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Debt Articles

Legal Helpers Goes Out With a Whimper and Likely Bankruptcy.

oops

The State of North Carolina has finally resolved their action against Legal Helpers Debt Resolution. It marks a depressing end to an attorney loophole case that in the day was the business model of the attorney debt settlement company. It is interesting that when LHDR was fresh out of the box, people were aggressively defending their business plan and attorney ... Read More »

    Care One and Bernie Dancel Say What!

    stressed man

    As part of my junk mail program a reader sent in a recent copy of a letter they say they received from CareOne that has a very fit picture of founder Bernie Dancel on it. There is only one big problem, the domain name listed on the bottom of the letter, CareOneInfo.com, isn’t actually owned by CareOne anymore and it ... Read More »

      DOD Purposes Lending Rule Change to Protect Military Families From Abusive Interest Rates

      military

      The Department of Defense is proposing changes to the Military Lending Act (MLA) to extend financial protections for military members and in turn, their families. The MLA limits the amount of interest that a creditor may charge on “consumer credit” to a maximum annual Military Annual Percentage Rate (MAPR) of 36 percent. Not that it’s a fabulous rate. It appears ... Read More »

        Details on Florida Bar Complaint Against Howard Feinmel

        Problem Solving Series

        The Florida Bar has sent me a copy of the complaint they recently filed against Florida attorney Howard Feinmel. I reported yesterday about the case. But today there are more facts available after reading the filed complaint. Right off the bat I found it intriguing the Florida Bar makes the statement, “Respondent has represented various persons and entities, including but ... Read More »

          The Importance of the Asterisk in Credit Offers Using a MiLEND Example

          MiLEND Offer mailed to consumer.

          A reader sent in a mailer about an offer from MiLEND for a new mortgage. MiLEND appears to be all licensed and registered so for once that’s not the issue. The offer appears to be legit and for a new mortgage and cash back “to use any way you like for just an additional $101.18 per month.” But this is ... Read More »

            Money Management International Accused in Kick-Backs in Class Action Settlement

            Young man looking shocked in tablet pc

            Now here is something you don’t get to witness often, if at all. Apparently there is a bit of disturbed blood milling about in the credit counseling world right now. In just doing some routine checking on activity I came across a very, very odd letter from the Association of Independent Consumer Credit Counseling Agencies (AICCCA) to the U.S. District ... Read More »

              U.S. Bank Slapped With Massive Fines Over Unfair Billing Practices

              us

              The Office of the Comptroller of the Currency has just announced a $4 million civil money penalty against U.S. Bank National Association, Cincinnati, Ohio, and ordered restitution of $47.9 million to more than 420,000 consumer accounts. The OCC says the bank unfairly billed customers for identity theft protection products marketed by the bank and sold by its vendor. The restitution ... Read More »

                Howard Feinmel Sparks Attention of Florida Bar With Mortgage Elimination Arguments

                Drowning swimmer

                Florida attorney Howard Feinmel seems to hav in hot waeter according to the Palm Beach Post. Kimberly Miller is reporting the Florida Bar has taken action against Feinmel for his participation with the company the Florida Attorney General went after, Fidelity Land Trust. Fidelity Land Trust was closed by the Attorney General after “charging the company, its operators and affiliate ... Read More »

                  CFPB Recognizes Dangers of Student Loan Debt. Works to Forgive More Loans.

                  cfpb

                  After an announcement today there can be no confusion that the Consumer Financial Protection Bureau takes the dangers of looming consumer debt seriously. I am encouraged by the focused effort by the CFPB to help more students to have their student loans forgiven after ten years. Director Rich Cordray gave a presentation in which he said, “Student loan debt is ... Read More »

                    FTC Bitch Slaps Debt Collection Operation Over Phantom Debts

                    ftc

                    Lately I seem to be getting a bunch of reader questions about debt collectors going after old debts. See this and this. Well the Federal Trade Commission has just announced they have halted the abusive debt collection practices of an operation that used fictitious names and threatened consumers into paying debts they may not have owed. I don’t even need ... Read More »

                      Quick, Get Your Shocked Face Ready to Read About Bitcoin Scam

                      Shocked Face

                      At the request of the Federal Trade Commission, a federal court has shut down Butterfly Labs, a Missouri-based company that allegedly deceptively marketed specialized computers designed to produce Bitcoins, a payment system sometimes referred to as “virtual currency.” The FTC’s complaint against the company and its corporate officers alleges that Butterfly Labs charged consumers thousands of dollars for its Bitcoin ... Read More »

                        Illinois Finds Fault with Mortgage Assistance Attorneys Aleman and Macey

                        Screen Shot 2014-09-22 at 3.34.45 PM

                        A tipster (send in your tips here) just sent in a document which was filed on August 28, 2014 regarding the activities of Jeffrey Aleman and Thomas Macey or Legal Helpers fame. The Illinois Attorney Registration and Disciplinary Commission came to the opinion that Macey and Aleman had violated a number of Illinois attorney rules. However it does not appear ... Read More »

                          World Law Group Clients, Check You Account Statements

                          Bald Eagle

                          I’ve heard some whispers World Law Group clients are going to be charged fees they’ve never been charged before from money that was returned to them from Global Client Solutions and then forwarded to World Law Group new attorney trust accounts. I have no idea what those fees might be but this post is just a reminder if you are ... Read More »

                            CFPB Now Accepting Complaints on Debt Relief and Credit Repair Services

                            cfpb

                            Who knows, the Consumer Financial Protection Bureau (CFPB) might have started this a while ago but in doing a bit of research for another article I noticed they are now specifically accepting complaints from consumers regarding credit repair and debt reduction services. It seems their category of “Debt Settlement” would also apply to any intervention between a consumer and creditor ... Read More »

                              Debt Relief Soap Opera – Michael Harper, Hoffman Law Group, Greenspoon Marder

                              Mark Bernet Receiver

                              Up till now the most bizarre debt relief related lawsuit I had seen was this one which included the “Charlatan,” “Felon,” and “Architect.” But this court document sent to me has to either being the most bizarre of 2014 or be in top contention for debt relief lawsuit honors. It seems to be a soap opera of a bunch of ... Read More »

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