Home > Tag Archives: class action

Tag Archives: class action

Debt Relief Industry May Have Tough Time Pushing Back Against CFPB Rule

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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 going to have to stand ... Read More »

    CFPB Proposes New Rules to Prevent Arbitration in Debt Relief

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    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 bar the consumer from filing ... Read More »

      Is the Sallie Mae Class Action Lawsuit a Scam or Will I Get Money? – Vicki

      single mom

      “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 et Al.v Sallie Mae). I ... Read More »

        I Tried to Close My Debt Settlement Account But They Won’t Respond. – Shanna

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        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 the company and sending it ... Read More »

          Global Client Solutions, ONB Bank and Trust, and GHS Debt Solutions Hit With Class Action Suit

          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 defendants to act as debt ... Read More »

            Class Action Filed Against Citigroup for Selling Credit Protection and Payment Protection Products

            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, (215) 985-9177. The suit alleges ... Read More »

              Is It Legal For Bank of America to Raise My Interest Rates? – Lucy

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              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 about, “Bank of America ... Read More »

                Chase Class Action Suit For People Offered a Chase Fixed Annual Rate Credit Card

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                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 JP Morgan Chase offered to ... Read More »

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