In a suit filed in 2016 by Evan Haas and Michael Shabazi against Navient Solutions and Navient Credit Finance Corporation an interesting position was taken that myself and others have previously presented. While many assume incorrectly all student loans are protected from discharge in bankruptcy, that does not appear to be a factual statement. If …
Yesterday I wrote about how the Consumer Financial Protection Bureau (CFPB) is proposing a rule that remove contract clauses on binding arbitration and the prevention of class action suits in debt relief contracts. You can read that article here. If the debt relief industry wants to tamp down or prevent these new rules, someone is …
The Consumer Financial Protection Bureau has published a request for public comment to prevent arbitration clauses from debt relief company contracts. Summary The proposed rule would prohibit covered providers of certain consumer financial products and services from using an agreement with a consumer that provides for arbitration of any future dispute between the parties to …
“Dear Steve, I have student loans with Sallie Mae and was notified of a Class Action suit against them because of excessice cell phone calls to customers. I have my student loans with Sallie Mae (which are current and in good status) but was notified last year of a Class Action suit against them (Arthur …
I recently tried to close an account with a debt settlement company and they will not respond so I have had to close my bank account to prevent future withdrawls. I have also asked for a refund and again get no response. I am currently in the process of following your advice in writing to …
This suit was filed on August 3, 2010 in Missouri. The Plantiff is Myra Perkins and other class participants v. Global Client Solutions, ONB Bank and Trust, GHS Solutions, and GHS Debt Solutions. The suit states: This action is brought by Plantiff on behalf of herself and a proposed class of Missouri residents who paid …
A class action lawsuit was recently filed against Citigroup for credit protection coverage sold along with their credit products. The service is also known as credit protect, credit protector, payment protector, PaymentAid, PaymentAidPlus, payment protection, and credit protection. The suit was filed by Golomb & Honik, P.C., 1515 Market Street, Suite 1100, Philadelphia, PA 19102, …
Lucy “Dear Steve, Have been advised about Bank of America raise in interest rates. I have never been late on a payment. Would like to be part of class action suit. Is this legal? Lucy” Dear Lucy, The only Bank of America class action lawsuit I am familiar with is the one I previously wrote …
This might be of interest to you if you were offered a fixed rate credit card from JP Morgan Chase and then they switched the terms. This is an ongoing investigation and pending consumer class action against Chase Bank USA and JPMorgan Chase & Co. (hereinafter “JP Morgan Chase”) in which it is alleged that …