In an article that appeared this morning on CNN, Evan Zullow from the FTC is quoted as saying: Evan Zullow, an attorney in the FTC’s division of financial practices, said he’s aware that companies are looking for loopholes. The FTC, he said, is closely monitoring the industry to make “sure that what they’re doing actually …
“Dear Steve, I’m a newly admitted “green state” attorney and have been doing loan modifications and settlements for over a year now for clients who come to me based on referrals. I absolutely love your site and have been going through all of the material related to the debt settlement industry and the new regulations …
Since the Federal Trade Commission telemarketing sales rules (“TSR”) were released I’ve written about a number of claims and assertions debt settlement companies have made to continue business as usual. We’ve heard all sorts of strategies that companies claim are legal, loopholes or not covered by new regulations going into effect on September 27, 2010. …
Thanks to a tipster (send in your tips here), here is the latest email that is being sent around promoting an attorney model to deal with the FTC TSR rules. It is not clear from the mailer if this is simply an advertisement to help debt settlement companies comply with the new rules or providing …
I was not going to publish this email but now that I’ve received it from four different people I’m going to post a redacted version of it. This must have been sent to a large audience since so many are sending it to me. More attorney model silliness — FTC Final Rule. A COMPLIANT DEBT …
Mike Croxson, the president of CareOne, a provider of debt settlement and debt management plans, and I chat about current events in the debt relief world. Some of the issues Mike and I talk about: Where are the loopholes from the Federal Trade Commission telemarketing sales rules. What is the endgame to chasing loopholes. The …
Former Maryland attorney Richard Brennan, doing business as the Frederick Law Group and The Law Office of Richard A Brennan, has just been hit with a $2.7 million dollar judgment in an attempt to collect money due clients of his debt settlement law firm. Brennan has been disbarred, jailed and is now without a job, …
An interesting email went out yesterday introducing yet another entrant into the arena, a law firm, to sell debt relief services for/with. The subject line of the email read “A Legal Alternative to the Advance Fee Ban.” When I inquired with the law firm representative for clarification and additional information for this story I was …
Thanks to an awesome tip, I received a mailer that is being sent out. This one was received by a Pennsylvania resident. The mailer was sent out using a West Palm Beach, Florida mailing permit but it appears to come from a company called NFM, Inc. NFM was identified as NFM Lending. Apparently their name …
A recent legal case has brought some very interesting information to light from inside a debt settlement company and the alleged attorney debt settlement firm. On July 8, 2010, employee, Chris Onorato, filed a lawsuit against ABC Debt Relief, The Debt Answer, Lloyd Ward, PC. Lloyd Ward & Associates, and Lloyd Regner (3:10-cv-0132). The allegations …