Performance SLC Accused of Charging Student Loan Borrowers Illegal Fees
CFPB Charges Performance SLC and Performance Settlement, Daniel Crenshaw, with Using Deceptive Tactics November 5, 2020 – The Consumer Financial Protection Bureau (Bureau) filed a complaint against Performance SLC, LLC (PSLC), a California debt-relief business focused on federal student loan debt; Performance Settlement, LLC (PSettlement), [...]
Midwest Recovery Systems Received Millions Collecting Fake Debts
The FTC alleged that Midwest Recovery, and owners Brandon M. Tumber, Kenny W. Conway and Joseph H. Smith, collected more than $24 million from consumers on such debts, largely by debt parking. What is "debt parking", also known as “passive debt collection?” According to an article by the Federal Trade [...]
Midland Funding, Encore Capital Group, Asset Acceptance Sued for Violating Consent Order
CFPB Sues Encore Capital Group, Midland Funding, Midland Credit Management, and Asset Acceptance Capital Corp for Collecting Debts Beyond Statute of Limitations without disclosing debts were uncollectable, and other illegal acts On September 8, 2020, the Consumer Financial Protection Bureau (Bureau) filed suit in federal [...]
What Makes a Great Bankruptcy Attorney?
Find The Right Bankruptcy Lawyer For You Reprint from a great California bankruptcy attorney – Cathy Moran Picking the right bankruptcy lawyer is a lot like picking the right head coach for a sports team. It doesn’t assure success, but without the right professional, success [...]
Warning – Debt Collectors ‘Friending’ You on Facebook Make Public Demand for Payment
Debt Collectors Can Demand Payment on Facebook Once You ‘Friend’ or ‘Follow’ Them According to an article in PaymentsJournal and the Register debt collectors now have the authority to make their payment demands public on Facebook, Twitter and other social media platforms According to The [...]
Nationstar Mortgage Sued for Causing Substantial Harm to Mortgage Borrowers
CFPB and State Attorneys General Settle with Nationstar, aka Mr. Cooper, accused of unfair and deceptive practices On December 7, 2020, the Consumer Financial Protection Bureau (Bureau) filed a complaint and proposed stipulated judgment and order against Nationstar Mortgage, LLC, which does business as Mr. Cooper (Nationstar). The Bureau [...]
Discover Bank and The Student Loan Corporation to Refund Millions to Consumers
CFPB Settles with Discover Bank, the Student Loan Corporation and Discover Products for violating a consent order and other unlawful practices December 22, 2020 Consumer Financial Protection Bureau issued a consent order that Discover must pay at least $10 million to consumers, and $25 million [...]
Paycheck Protection Program – New Funds Available
The Paycheck Protection Program (the second round): On December 27, 2020 a new bill was signed into law, now referred to as the Consolidated Appropriation Act of 2021, or ‘CAA’, This bill is 5,593 pages long (knowing how the legislative process works, there is no [...]
COVID – Consolidated Appropriation Act “CAA” and Bankruptcy 12-27-20
How Does the Consolidated Appropriation Act Intersect with Bankruptcy? December 27, 2020 Congress passed the longest bill ever – 5,600 pages. The Consolidated Appropriation Act of 2021 “CAA”, I can only assume, like so many of the other laws created by the Legislative branch, that [...]
Problems Paying Your Mortgage During COVID? – Check Out the Options
Are you financially stressed right now? What to know about options, from debt negotiation to bankruptcy This short video from the Consumer Financial Protection Bureau "CFPB" is actually very informative and goes over the various options for homeowners who have received a forbearance. If the homeowner is not in [...]