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 … Read more

Attorney General McGraw’s Settlement with Five Collection Agencies Nets $772K for WV Consumers

West Virginia Attorney General Darrell McGraw today announced agreements with five out-of-state companies requiring them to pay a total $772,286 in refunds and cancelled debts to settle charges that they engaged in unlawful debt collection within the state. McGraw opened investigations of the companies after receiving complaints that four of them were not licensed in … Read more