Home > Debt Relief Industry (page 41)

Debt Relief Industry

CFPB Getting Ready to Set Rules by UDAAP Enforcement Actions

Ready to Collapse

Ballard Spahr law firm has published an article today that indicates the Consumer Financial Protection Bureau is most likely in the midst of conducting active enforcement actions. Their website (cfpbmonitor.com) is reporting: While the CFPB’s choice of initial enforcement targets will undoubtedly be significant regardless of the kinds of violations the CFPB’s alleges, they will take on even more significance ... Read More »

    Financial Freedom Processing, Debt Consultants of America and Debt Professionals of America Post Press Release on Victory

    Ready to Collapse

    A reader just brought this press release to my attention. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Federal Judge Rules in Favor of Financial Freedom Processing, Debt Consultants of America and Debt Professionals of America, Finding that the Federal Trade Commission Failed to Prove its Claims DALLAS, March 21, 2012 /PRNewswire via COMTEX/ — In ... Read More »

      Sameer Lakhany & Precision Law Center Halted by FTC

      Ready to Collapse

      At the request of the Federal Trade Commission, a U.S. district court has halted an operation that took in more than $1 million by allegedly selling homeowners bogus mortgage relief and foreclosure rescue products, including a scam that falsely promised to get help for homeowners who joined others to file so-called “mass joinder” lawsuits against their lenders. This is the ... Read More »

        Ohio AG Files Against California Debt Relief Companies Who Did Not Give Refunds

        On March 8, 2012 the State of Ohio filed suit against Nelson Gamble & Associates, Jackson Hunter, Morris & Knight, and Jeremy Nelson. The suit alleges that Nelson Gamble & Associates, a Colorado corporation, that said they were actually located at 18101 Von Karman Avenue, 3rd Floor, Irvine, California 92612. and Jackson Hunter Morris & Knight, a Nevada company, was ... Read More »

          National Association of Tax Debt Resolution Companies to Hold DC Meeting

          Screen Shot 2012-03-20 at 9.33.32 AM

          New association conference for tax resolution companies will highlight new challenges and public policy options facing the tax problem resolution industry The inaugural meeting of the National Association of Tax Debt Resolution Companies will be held May 20 and 21 in Washington, DC. The conference will be a chance for industry colleagues to learn about the new challenges facing the ... Read More »

            All About Tax Resolution Services, Co

            Ready to Collapse

            Company Name Tax Resolution Services, Co Owners/Managers Michael Rozbruch, Founder and CEO CPA and Certified Tax Resolution Specialist (CTRS) Brian Compton, President CPA and Certified Tax Resolution Specialist (CTRS) Physical Street Address 6345 Balboa Blvd., Suite 285, Encino Office Park Bldg. IV Encino, CA 91316 Contact Information Michael Rozbruch 1-866 477-7762 michael@taxresolution.com Website taxresolution.com Description of Services Provided IRS and ... Read More »

              Clear Your Debt, Global Client Solutions Case Kicked Out of Ohio Court to Arbitration

              Yesterday the case against Clear Your Debt in Ohio was dismissed and sent to arbitration. Interestingly, the co-defendant Global Client Solutions’s request for arbitration under the Federal Arbitration Act was denied. The ruling provides yet another example of why consumers should carefully evaluate debt relief services prior to signing any contract and make sure they fully understand the agreement before ... Read More »

                Credit Counseling Industry Education Series

                Ready to Collapse

                The Association of Credit Counseling Professionals (ACCPros) is offering a FREE education series to the Credit Counseling industry. They say they are offering this not only to improve Best Practices in the industry but to also promote their association. ACCPros states it is unique in the industry as a 501c6 trade association which allows them to lobby directly with lawmakers, ... Read More »

                  Take Charge America Lays Off Substantial Staff

                  Yesterday I received a message from a tipster (send in your tips here) that said: Due to the lawsuit and actions taken by the suit against TCA they on 3-13 completed mass layoff of over 50% over their workforce, down sizing mainly the new accounts departments. Many feel this may only be the first cut. And today I learned an ... Read More »

                    Precision Law Center Disappearance Solved. FTC Took Action.

                    Thanks to a tipster (send in your tips here) the mystery about what happened to Precision Law Center is not solved. According to the Precision Law Receivership site: On March 5, 2012, the Federal Trade Commission filed an action against Defendants Sameer Lakhany, The Credit Chop, LLC, Fidelity Legal Services LLC, Titanium Realty Inc., Precision Law Center, Inc., and Precision ... Read More »

                      FTC to Pursue Other Options in Debt Settlement Case Loss in Texas

                      Ready to Collapse

                      Under the heading of “wow that was fast,” I’ve already received a response from the Federal Trade Commission to their recent loss in a Texas Federal Court in their case filed against Freedom Financial Processing, Debt Professionals of America, Debt Consultants of America, Robert Creel, Corey Butcher, and Nikki Creel. In that case, which you can read more about here ... Read More »

                        Court Issues Unfavorable Decision to FTC in Debt Settlement Performance Claims Suit

                        A court in Texas a just issued an opinion that appears to fly in the face of the FTC Telemarketing sales rules claims about debt settlement program performance statements. On March 12, 2012, Judge David Godbey issued the following opinion in the case involving Freedom Financial Processing, Debt Professionals of America, Debt Consultants of America, Robert Creel, Corey Butcher, and ... Read More »

                          Slow Spring Predicted for Debt Relief 2012

                          Screen Shot 2012-03-12 at 1.40.08 PM

                          With the clocks just adjusted for spring it’s a good time to remind all of those in the debt relief space that the traditional spring slowdown is upon us., or at least it feels like that to me. This time of year has always had a decreased demand for debt relief services. My best guess has always been that many ... Read More »

                            Camden Debt Solutions = Jordan Olsen and Ashley Eichelberger. What the Hell is Going On?

                            Screen Shot 2012-03-09 at 7.49.22 PM

                            The other day in an article I wrote, “Receiver Asked to be Appointed in TX to Collect Judgment Against Lloyd Ward Judgment Debtors” there was a mention at the very end about a company called Camden Debt Solutions. Later the background information arrived that I had initiated in researching that piece. What just flat out surprised me is that the ... Read More »

                              Why Does Golden Financial Services Still Claim an A+ BBB Rating When They Don’t Have It?

                              Screen Shot 2012-03-07 at 4.39.07 PM

                              A tipster (send in your tips here) send in an email they’ve recently received from Paul Paquin that claims the company has an A+ BBB rating. But here’s the catch, the company, Golden Financial Services, appears to currently have no BBB rating. Here is the marketing email that was sent out and forwarded to me. I hope this email finds ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.You can unsubscribe at any time with just one click.After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

                                I promise to keep your email safe and secure.