Forster & Garbus Illegally Sued Borrowers on Behalf of Citibank and Discover, Among Others

Why Are Churches Taking Out Merchant Cash Advances? FTC Bans RAM Capital Funding.

The Consumer Financial Protection Bureau (CFPB) has reached a settlement in its lawsuit against law firm Forster & Garbus, LLP for illegal debt-collection practices. If approved by the court, the proposed settlement would prohibit Forster & Garbus from filing any new lawsuit against a consumer unless it has specific documents supporting the debt and certifies …

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Forster & Garbus Debt Collectors Targeted for Being Robotic Jerks

On May 17th the Consumer Financial Protection Bureau (CFPB) filed suit against the familiar debt collection firm Forster & Garbus. This case attempts to tackle the modern speed of debt collection where accounts placed for regular or legal collections are often weak on supporting documentation. And with the more automated mass market attempt to scale …

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Does Moran Drexen’s Preferred Creditor Program Create a Problem for Consumers?

Last week new information in the lawsuit between Morgan Drexen and the CFPB brought to light a commission compensated department called the Preferred Creditor Program. You can read that article, here. At least one commenter mentioned Morgan Drexen is not the only company to have such a program. If not, then an industry wide problem …

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Judgments Tossed Out Against Debtors in New York. Law Firms and Debt Collectors Sued.

New York Attorney General Andrew M. Cuomo today announced his office has sued 35 law firms and two debt collectors in New York State in order to throw out an estimated 100,000 default judgments improperly obtained against New York consumers. This is the latest action in Cuomo’s ongoing investigation into unlawful debt collection practices. According …

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