Anyone who has had or is having financial trouble has experienced the nightmare of the collection companies. Many ignore the law (Fair Debt Collection Practices Act) by calling before 8:00 am or after 9:00 pm, plus numerous other acts done for the sole purpose of bullying the consumer.

CFPB Launches Massive Lawsuit – Debt Collectors, Payment Processors and others

Why is this “ground breaking”?  This is the first time that payment processors are held to the same standard of responsibility as the debt collectors.  Related Post Reverse Mortgages & Their Pitfalls Scam Arrest Warrants: Normally You Cannot Be Arres… Credit Card Sold to Debt Collectors CFPB Takes Action Against Wells Fargo and Chase fo… […]

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Fannie Mae Auctions “Sour” Mortgage Loans

According to Bloomberg News: Fannie Mae will begin bulk auctions of mortgages, including some sales targeted for non-profit groups and small investors, as Fannie Mae moves to reduce the number of non-performing loans “sour mortgages” on its books. Related Post HSBC sued by NY Attorney General for Violations of… Citigroup to Pay Fannie Mae $968M […]

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Garnishment of Wages – Administrative Actions

Many people ask whether or not a student loan company or SBA creditor can garnish their wages without first obtaining a court order.  The answer is “yes”. Related Post What To Do If Your Wages Are Being Garnished

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CFPB vs Morgan Drexen – fraudulent debt “relief” assistance

Consumer Financial Protection Bureau (CFPB)  filed its lawsuit in August 2013, against debt-relief services company Morgan Drexen.  The CFPB alleges, among other things, that  Morgan Drexen deceived consumers into paying unlawful up-front fees for debt relief services by disguising them as fees related to “sham” bankruptcy services. According to an article by Joanna M. Zdanys […]

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Increase in Credit Card Debt & Risky Home Loans

Related Post Quarterly Report on Household Debt & Credit Foreclosure Are Down 25 Percent Credit Card Sold to Debt Collectors

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CFPB Takes Action Against Wells Fargo and Chase for Illegal Mortgage Kickbacks

ILLEGAL MORTGAGE SCHEMES: The Consumer Financial Protection Bureau (CFPB) and the Maryland Attorney General took action against Wells Fargo and JPMorgan Chase for an illegal marketing-services-kickback scheme they participated in with Genuine Title, a now-defunct title company. Related Post Reverse Mortgages & Their Pitfalls CFPB Issues Guidance on Housing Counselor Require… CFPB vs Morgan Drexen […]

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Increase in Vehicle Title Loans Disasterous for the Poor

Related Post When a Vehicle Loan Is the Tipping Point to Bankru…

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Stories From a Bankruptcy Attorney – the good, the bad and the moronic.

Related Post AZ Supreme Court Clarifies Anti-Deficiency Protect… Judges Holding Banks Responsible – Tired of … The Affluent Borrowing More Student Loans Bill to Prohibit Running Credit Checks on Job Cand… Arizona Real Estate Investors Lose Anti-Deficiency… Tips on How to Hire a Great Attorney

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The Seamy World of Debt Collecting

Related Post Mortgage Modification Fraud Richard S. Berry, Why Pay a Lawyer, Pleads Guilty … CFPB Takes Action Against Wells Fargo and Chase fo… Court Finds Wells Fargo Obligated to Follow HAMP OCWEN Slammed With $2 Billion Settlement Mortgage Modification Frauds

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What is a Zombie Debt? Banks Are Subverting Bankruptcy Protection.

Related Post Big Banks Plead Guilty to Criminal Charges Big Banks Profit by Falsely Reporting Bankrupt Deb… Judges Holding Banks Responsible – Tired of … Millions $$ Being Released to Arizona Homeowners Justice Dept & SEC Investigating JP Morgan Ch… BofA Gave Staff Bonuses to Foreclose on Homeowners

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