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Illinois Finds Fault with Mortgage Assistance Attorneys Aleman and Macey

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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 »

          Payday Loan Alleged Dipshits Helped Themselves to Bank Accounts

          scam

          At the Federal Trade Commission’s request, a U.S. district court in Missouri has temporarily halted an online payday lending scheme that allegedly bilked consumers out of tens of millions of dollars by trapping them into loans they never authorized and then using the supposed “loans” as a pretext to take money from their bank accounts. The court imposed a temporary ... Read More »

            Still Dealing With Andris Pukke, DebtWorks, and AmeriDebt

            ftc

            Not much shocks me in the debt world but this announcement from the Federal Trade Commission, did. The FTC just announced, “FTC Sends More Than $1.79 Million in Refunds to Consumers Defrauded by AmeriDebt Scam.” The AmeriDebt case goes all the way back to November 19, 2003 and the FTC is still dealing with recovering money from harmed credit counseling ... Read More »

              Important Information for Students of For-Profit Colleges

              news2

              Today the Consumer Financial Protection Bureau (CFPB) brought suit against Corinthian Colleges, Inc. for its illegal predatory lending scheme. The schools under this company include; Everest College, Everest Institute, Everest University, Everest University Online, Everest College Phoenix, Everest College Online, WyoTech, and Heald College. As part of that action the CFPB is providing the following advice. Urgent Information for Current ... Read More »

                Everest, Heald, WyoTech Schools Parent Sued for Predatory Lending Scheme

                man terrifying woman

                Today, the Consumer Financial Protection Bureau (CFPB) sued for-profit college chain Corinthian Colleges, Inc. for its illegal predatory lending scheme. The schools under this company include; Everest College, Everest Institute, Everest University, Everest University Online, Everest College Phoenix, Everest College Online, WyoTech, and Heald College. The Bureau alleges that Corinthian lured tens of thousands of students to take out private ... Read More »

                  Weak Laws Offer Debtors Little Protection

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                  by Paul Kiel, ProPublica, and Chris Arnold, NPR, Sep. 16, 2014, 5 a.m. This story was co-published with NPR. Like any American family living paycheck to paycheck, Conrad Goetzinger and Cassandra Rose hope that if they make the right choices, their $13-an-hour jobs will keep the lights on, put food in the fridge and gas in the car. But every ... Read More »

                    Wages of Millions Seized to Pay Past Debts

                    Moving Up

                    by Paul Kiel, ProPublica, and Chris Arnold, NPR, Sep. 15, 2014, 5 a.m. This story was co-published with NPR. Back in 2009, Kevin Evans was one of millions of Americans blindsided by the recession. His 25-year career selling office furniture collapsed. He shed the nice home he could no longer afford, but not a $7,000 credit card debt. After years ... Read More »

                      Anyone Know for Sure About World Law and Global Client Solutions?

                      Adult Ed - Questions

                      I received the following message from a reader and it brought up an interesting issue. “My understanding is as follows; Global Client Solutions recently entered into a settlement agreement with the CFPB. Among other things, under that agreement, GCS is barred from providing “substantial assistance” to any debt relief services provider. Thus, World Law Group and GCS terminated their relationship ... Read More »

                        Internet Mortgage Lead Generator Pays Steep Penalty to FTC

                        ftc

                        The Federal Trade Commission has taken harsh action against a lead generator for the mortgage industry. According to FTC, Defendant Falsely Claimed Mortgage Refinancing Was “Free,” Carried No Hidden Fees, and Would Save Consumers $2,000 a Year An Internet-based operation that finds potential borrowers for mortgage refinancing lenders will pay a $500,000 civil penalty to settle Federal Trade Commission charges ... Read More »

                          Scam Fax Promises Gullible Employees Vacation Package

                          Junk Fax

                          I just got this fax from my alleged H.R. Department, who is me. But you just know someone, somewhere is going to fall for this crap. This is clearly landing on the fax machines around the country and it appears to just be a pitch for some travel voucher and not an actual trip. You know you’ve got to worry ... Read More »

                            Debt Cures Pitchman Behind Bars Serving 10 Year Sentence

                            Kevin Trudeau

                            Kevin Trudeau, the proverbial infomercial pitchman who has hawked and sold all sorts of miracle cure books is in the early days of serving his 10 year sentence by a federal judge. His current address is in a federal prison camp in Montgomery, Alabama. In the debt world Trudeau is best known for his 2008 book “Debt Cures “They” Don’t ... Read More »

                              Take Charge America Deserves Pat on the Back

                              Clapping Business People

                              While this appears to be a press release sent out by Take Charge America it still deserves a pat on the back for the nonprofit credit counseling group taking action to defend against bad behavior by debt collectors. While it is not clear they took specific action against a specific debt collector, at least they are speaking up about consumer ... Read More »

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