Article and information specifically geared to readers inside the debt relief industry.
A wonderful tipster (send in your tips here) forwarded to me a lawsuit against Philip Kramer, Kramer & Kaslow, and Attorney Processing Center by Jeff Yarchever and Jay Bird, LLC. The suit was filed on June 10, 2011. The suit alleges that in December 2010, Yarchever was approached by Lance Cutsforth to help him find …
Following up on the enormous success of the Rally in Raleigh I held for members of the debt relief industry, this time I’m rolling out an even more extensive class for debt relief companies to help them find a way forward in a compliant way with help and advice from inside the industry and from …
A Canadian trade association reached out to me to let me know what they are seeing from across the boarder. And it sure does not look like the face of America we want to portray. Since I have not had an opportunity to verify the details related to the documents given to me, I’m going …
In what is another of the ultimate ironies of nonprofit charitable credit counseling, it appears that at least two trade associations feel nonprofit credit counselors should not have to participate in any national registration of debt relief companies with the Consumer Financial Protection Bureau. I must admit, the position against CFPB registration stumps me and …
A New Horizon Credit Counseling Services has engaged in a new approach to landing consumers for their debt management program, pay them. According to A New Horizon Credit Counseling Service they will enroll consumers into their debt management plan for free and give them $100 for joining. A New Horizon Credit Counseling Service calls this …
A reader and tipster (send in your tips here) sent me the link to a rather confusing press release about Practical Debt Relief. The release, which looks like it was put out by their SEO vendor, makes it appear Practical Debt Relief is a lead generator rather than a debt relief provider. Furthermore, eBrandz’ services …
I don’t think there can be any dispute that the GOP has fought the existence of the CFPB and tried a number of approaches to defang it or try to make it go away. This Thursday, Elizabeth Warren, appears again in front of the House Oversight Committee and will most likely face one last round …
A company in Canada is bragging that their credit repair and debt settlement business is going so great they just passed on a $223 million offer to buy them. Canada Credit Fix’s President Sheldon Wolf shrugged off a 223 million dollar offering to buy out their Canadian credit repair and debt settlement company. A spokesman …
Last week I had the pleasure of visiting the Consumer Finance Protection Bureau (CFPB) in Washington, DC. to meet with staff and attend a planning session. Elizabeth Warren started the meeting with an introduction and left the meeting in the capable and good hands of Peggy Twohig and Alice Hrdy, both who supervised debt relief …
In case anyone wants to know what apparently happens with former debt settlement attorneys that get caught for doing bad things, Richard Brennan, can be the poster child. Brennan who has been in the debt relief industry for a while, and worked for both nonprofit credit counseling groups and his own law firm, had reached …