The World Law Group all the other World Law players were sued by the Consumer Financial Protection Bureau (CFPB). The Court appointed receiver has recently sent a notice to consumers about potential refunds coming. The notice makes reference to this link on the CFPB website for refund distribution information. There is no information listed there …
Derin Scott, David Klein and Shannon Scott have asked the court to approve a settlement in the case against World Law, Orion Processing, and others. – Source The World law operation was one of the national attorney model advance fee operations that eventually collapsed under the weight of it’s violations. The proposed World Law Settlement …
Well I would be surpprised if this latest court filing by the Consumer Financial Protection Bureau (CFPB) didn’t put the final nail in the World Law advance fee attorney model debt settlement mess. The CFPB asked the court for a judgment of nearly $150 million. Out of that $106,813,049 is for the purpose of refunding …
A tipster (send in your tips here) told me that things turned dire at World Law Debt last week. Apparently their Chapter 11 bankruptcy reorganization was forced into a Chapter 7 liquidation after an application to the court by the Oregon Department of Justice because a number of problems the debt settlement company faced. For …
A reader received the following mailer and was concerned about the promises made. You know, at some point, after years of covering these things it feels like it will never end. It’s just one deceptive and misleading mailer sent after another. I begrudgingly picked up the phone and called the number on the “Resolution Pending” …
On June 17, 2011 the following case was filed, Jalenna Bowie v. Clear Your Debt, Global Client Solutions, Orion Processing, Derin Scott, Shannon Scott, and Pradeep Nair. The case goes after the debt relief providers for violating the Credit Repair Organizations Act, violations of the Ohio debt adjusting statutes, violation of the Ohio Consumer Sales …
Thanks to an awesome tipster (send in your tips here) I received the email and attachment below. By itself it’s nothing new but it was the non-disclosure agreement that caught my eye. The document says it was created by Gil Medeiros who I remembered writing about, here. (Additional information) The tipster (send in your tips …
Illinois Attorney General Lisa Madigan today filed four lawsuits against debt settlement companies, alleging that the defendants are engaging in deceptive marketing practices, charging excessive fees and doing little or nothing to improve consumers’ financial standing. Along with these suits, Madigan has proposed legislation that would crackdown on the industry’s abusive practices. “These companies are …