Bureau Alleges Company’s Conduct is Abusive and Deceptive WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today filed a complaint in a federal district court against a Florida debt-relief company that misled consumers across the country and charged illegal fees for their services. The Bureau plans to submit a proposed consent order that, if… Read More »
Callers Often Posed as Law Enforcement Authorities; Defendants will Be Permanently Barred from Debt Collection, Surrender Ill-Gotten Gains A California man who worked with bogus debt collectors in India has agreed to settle FTC charges that he and his companies deceived and threatened consumers into paying debts that were not owed or that the defendants… Read More »
CFPB en Español Features Mobile Capability and Answers to Consumers’ Common Financial Questions WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) launched its Spanish language website. The website, which is optimized for mobile use, provides access to essential consumer resources such as how to submit a consumer complaint and answers to consumers’ frequently… Read More »
Fraudulent and Unlawful Debt-Collection Practices Attorney General Kamala D. Harris of California Announces Suit Against JPMorgan Chase for Fraudulent and Unlawful Debt-Collection Practices. LOS ANGELES — Attorney General Kamala D. Harris today filed an enforcement action against JPMorgan Chase & Co. (Chase) alleging that the bank engaged in fraudulent and unlawful debt-collection practices against tens… Read More »
Sen. Franken Leads Charge to Protect Legal Right to Day in Court Senator Reintroduces Legislation to Restore Consumers, Workers, and Small Businesses’ Right to Seek Justice through Courts WASHINGTON, D.C. [05/07/13]—Today, U.S. Sen. Al Franken (D-Minn.) reintroduced legislation that would restore consumers, workers, and small businesses’ right to seek justice through the courts. The Arbitration… Read More »
CONSUMER FINANCIAL PROTECTION BUREAU TAKES ACTION AGAINST TWO COMPANIES FOR CHARGING ILLEGAL DEBT-RELIEF FEES WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today filed a complaint in a federal district court in New York against two debt-relief service providers that allegedly charged consumers illegal advance fees for debt-settlement services. The Bureau is seeking to… Read More »
CONSUMER FINANCIAL PROTECTION BUREAU TO HOLD AUTO LENDERS ACCOUNTABLE FOR ILLEGAL DISCRIMINATORY MARKUP Bureau Provides Guidance on Fair Lending Practices to Indirect Auto Lenders WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) released a bulletin explaining that certain lenders that offer auto loans through dealerships are responsible for unlawful, discriminatory pricing. Potentially discriminatory… Read More »
FTC Approves Final Order Settling Charges Against Equifax Information Services LLC Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Equifax Information Services, LLC violated the Fair Credit Reporting Act (“FCRA”) and Section 5 of the Federal Trade Commission Act by improperly selling lists of millions of… Read More »
Fair Debt Collection Defense Lawyer for collection agency sanctioned and ordered to pay damages assessed against his client. In the recent decision in Anchondo V. Dunn, 2013 WL 599798 (10th Cir., Feb. 19, 2013), the Tenth Circuit affirmed the award of sanctions by the District of New Mexico against defense counsel Steven R. Dunn (“Attorney… Read More »
Credit Report Errors A Federal Trade Commission study of the U.S. credit reporting industry found that five percent of consumers had errors on one of their three major credit reports that could lead to them paying more for products such as auto loans and insurance. Overall, the congressionally mandated study on credit report accuracy found… Read More »