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CFPB Targets Student Loan Assistance Advertising

cfpb

Yesterday the Consumer Financial Protection Bureau (CFPB) sent letters to search engines and asked them to beware of those companies offering up student loan assistance advertising. The letter said: “I am writing to alert Google that student debt relief scammers may be targeting student loan borrowers through the company’s search products. There are over 40 million Americans who collectively owe ... Read More »

    Door Slams Hard on Morgan Drexen Debt Settlement Company

    M.D. Anderson's Houston Main Building is imploded Sunday, Jan. 8, 2012, in Houston. Opened in 1952 the 20-story building was the regional headquarters for Prudential Insurance Company. Prudential sold the building in 1975. ( Nick de la Torre / Houston Chronicle )

    Surely a bunch of people at Morgan Drexen are blaming the U.S. Government and Consumer Financial Protection Bureau (CFPB) today for the utter demise of Walter Ledda’s creation, Morgan Drexen, on Friday. An insider told me over the weekend, “Just letting you know the court ordered Morgan Drexen’s trustee to seize operations immediately. Morgan Drexen was shut down today at ... Read More »

      Retention Law Center Runs Into Issues

      Bitch Slap

      The Connecticut Department of Banking has just published a consent order with Michael Mazal, Esq and Retention Law Center. The consent order says, “Mazal is an individual, who at all time relevant hereto, was the sole-proprietor of Retention Law Center, a purported California company, with an office at 16808 Armstrong Avenue, Suite 180, Irvine, California.” It additionally says Retention Law ... Read More »

        Deceptive Mailer Spoofs Department of Treasury for Debt Relief

        20150602_155731

        An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. This one is rather alarming. I doubt the average person would see through what I think is a smoke screen to understand what just landed in their mailbox. From outside appearances the letter looks like some sort of legal documentation, maybe governmental with ... Read More »

          OMG, Morgan Drexen Loses Yet Again

          quitting_a_job

          Poor Morgan Drexen has been getting the shit kicked out of them lately. Just today another blow was delivered by the Colorado Supreme Court who found their attorney model flavor of debt settlement did not give them a free pass to avoid the advance fee laws under an attorney exemption. “The supreme court holds that the trial court erred by ... Read More »

            Flush – Meracord / NoteWorld

            Cleaning toilet

            A fantastic reader / tipster (send in your tips here) sent me the following press release. Anyone know what Linda Remsberg is doing now? I looked at noteworld.com and that redirects to Evergreen Note Servicing (notecollection.com) (which appears to actually be Evergreen Escrow, Inc.)and Meracord.com goes to a non-existent site. Interestingly, Evergreen Note Servicing sounds a hell of a lot ... Read More »

              Smart Money Management New Name for Merged Companies

              14690591067_92efd28966_b

              The Blade is reporting two Ohio based debt relief companies have merged. “Toledo-based Comexx Smart Money and Sylvania-based Debt Tech Financial Solutions are now one company that will be called Smart Money Management LLC. The new company has 12 employees. “Today, Smart Money Management is better able to address an individual or family’s total financial disposition as the addition of ... Read More »

                Today in Debt Relief History – Consumer Affairs Law Center

                burning_through_paycheck

                Frankly I get sick of writing about lawsuits in the debt relief industry between partners that have a falling out. But the reason I find the complaints often fascinating is they provide a look into the history of some organizations and entities. We get to learn how the whole thing developed. In this case we have the April 1, 2015 ... Read More »

                  Marketers Banned From Mortgage Relief and Debt Relief Services Industry in Settlement with FTC

                  ftc

                  Group Served As a Front for the ‘Danielson Law Group’ Operation Marketers who helped promote a Utah-based home loan modification scheme will be banned from the mortgage relief and debt relief industries under a court settlement resolving charges by the Federal Trade Commission that they violated the law by promoting the loan modification scam, which conned consumers into paying hefty ... Read More »

                    FBI Announces Arrests of Debt Relief Officers and Key Players

                    White Collar Criminal

                    SALT LAKE CITY—A 40-count federal indictment unsealed on March 6th in U.S. District Court in Salt Lake City charges six individuals with violations of federal law in what the indictment alleges was a scheme to market and sell home loan modification services to distressed homeowners trying to save their homes from foreclosure following the financial crisis of 2008. Investigators believe ... Read More »

                      FTC Files Action Against A to Z Marketing, Inc

                      ftc

                      The Federal Trade Commission filed a court action against A to Z Marketing, Inc. yesterday in Nevada. The documents for the case are not publicly available yet. According to the State of Nevada, the president of A to Z Marketing, Inc. is Madhulika Baid. However, the FTC did file a previous action against a similar company with the same name ... Read More »

                        Ameritrust Law Group, Real Estate Law Center and More the Subject of CT Attention

                        connecticut

                        Apex Tax Resolution, Apex Home Solution – March 3, 2015 ORDER Having read the record, I HEREBY ORDER, pursuant to Sections 36a-671a(b), 36a-52(a) and 36a-50(a) of the Connecticut General Statutes that: 1. Apex Tax Resolution LLC d/b/a Apex Home Solution LLC CEASE AND DESIST from violating Section 36a-671(b) of the Connecticut General Statutes, as amended; 2. A CIVIL PENALTY of ... Read More »

                          Debt Settlement Industry Still Crazy After All These Years

                          no bullshit

                          On March 10th I wrote about a landmark lawsuit filed against a wide number of people in the debt settlement field. As per an email that was allegedly sent out by Ira Frazer of Consumer Legal Services of America. The email also said, “The suit filed also includes serious allegations against Global Client Solutions, LLC some of their employees, Greenspoon ... Read More »

                            Debt Relief Master Class to be Held in San Diego

                            Adult Ed - Questions

                            MSTARS, the debt relief training company has announced a debt relief class for those in the debt relief industry. The class will be held in San Diego, California on April 6-7, 2015. Classes are designed for many different job roles in the debt relief company. These include owners, senior staff, sales managers, customer care staff, sales staff, and consultants. For ... Read More »

                              Mysterious Mortgage Reduction Mailer Lands in Mailbox

                              Mortgage Offer

                              An amazing reader, Carol, sent in a new debt relief mailer through my I Buy Junk Mail program. What caught my eye at first was how the company sending out this mailer from Postal Permit 1297 is not identified on the envelope or the mailer. This clearly appears to be a lead generation mailer by some totally unknown company. Any ... Read More »

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