Account Recovery

FEBRUARY 10, 2023

million settlement with a home security company that was accused of “trapping” consumers in long-term auto renewal contracts while also violating the state’s debt collection regulations. Settlement with Mass. Settlement with Mass. Settlement with Mass. The post Security Company Reaches $6.5M

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Collections Judgment 246

Account Recovery

JULY 20, 2021

A bill has been re-introduced in the Ohio legislature that would allow debt settlement companies to operate in the state, but the prospects for passage this time around might be different following a state Supreme Court ruling that was issued earlier in the year.

Debt settlement 246

Debt settlement 246

Account Recovery

JULY 18, 2023

A District Court judge in Indiana has preliminarily approved a settlement in a Fair Debt Collection Practices Act case over letters that allegedly threatened or implied that litigation may be instituted against the plaintiff when the defendant had no plans to take such action. A copy of the order in the case of Hollins v. […]

Fair Debt Collection 130

Fair Debt Collection Collections 130

Account Recovery

FEBRUARY 22, 2024

On the eve of a start of a trial against two debt collection companies, the Attorney General of Washington yesterday announced that one of those companies had reached a settlement that will see it pay $1 million after it was accused of violating state law by failing to provide disclosures related to charity care and […]

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Collection Companies Collections Collection Agencies Collections Agency 130

Account Recovery

JANUARY 11, 2024

The Attorney General of Pennsylvania has announced a settlement with a national auto title lending company that will see it pay $2 million back to consumers in the form of restitution and cancel nearly $4 million of existing loans, after it was accused of making loans to residents of the state that had interest rates […]

Lender 130

Lender Loans 130

Account Recovery

JANUARY 25, 2024

The Attorney General of Pennsylvania has announced the settlement of an enforcement action against a consumer attorney who also provided debt settlement services that took advance fees from consumers and misled them into believing that attorneys were working on their accounts, when in reality they had been transferred to call center representatives. (..)

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Debt settlement 130

Account Recovery

DECEMBER 6, 2023

A proposed settlement has been reached in a Fair Debt Collection Practices Act class-action that will see the defendants pay $60,000 in compensation to the members of the class as well as plaintiffs’ attorney’s fees and costs of up to $150,000.

Fair Debt Collection 130

Fair Debt Collection Collections 130

Account Recovery

SEPTEMBER 9, 2021

The Attorney General of Washington has reached a settlement with a collector that it sued last year, which will see the collector pay $1.6 million in fines and restitution to consumers for allegedly deceiving them by making settlement offers in collection letters even though the collector could not enforce the debt in court.

Collections 241

Collections 241

Account Recovery

FEBRUARY 8, 2024

The Federal Trade Commission has reached a settlement with the a group of companies and the individuals behind them that were accused of violating the Telemarketing Sales Rule, the Gramm-Leach-Bliley Act, and the Federal Trade Commission Act by marketing student loan forgiveness programs that made false promises and collected millions in illegal upfront (..)

Student loans 130

Student loans Student Loans Loans Trade 130

Account Recovery

DECEMBER 14, 2021

The remaining defendants in a lawsuit filed by the Federal Trade Commission have reached a settlement, under which they will be permanently banned from participating in the collection industry as well as surrender funds in a number of bank accounts and the title to a Mercedes as part of a $12 million judgment that has … The post Collectors Banned (..)

Trade 245

Trade Judgment Banks Collections 245

Account Recovery

MAY 28, 2021

A District Court judge in Connecticut has approved a settlement in a Fair Debt Collection Practices Act class-action lawsuit after the defendant was accused of sending collection letters that improperly assessed post-judgment interest.

Fair Debt Collection 214

Fair Debt Collection Judgment Collections 214

Account Recovery

NOVEMBER 6, 2023

million settlement has been reached in a debt collection case involving two healthcare providers. In a case that has been winding through the legal system for more than eight years, including two trips to the Court of Appeals for the Sixth Circuit and back, a $3.5 The Background: Back in 2015, the plaintiffs filed suit, […]

Healthcare 147

Healthcare Collections 147

Account Recovery

JULY 29, 2022

Godaddy.com … The post Appeals Court Vacates Certification, Settlement in TCPA Case appeared first on AccountsRecovery.net. A copy of the ruling in the case of Drazen v.

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Account Recovery

DECEMBER 6, 2022

Call … The post Settlement Offer, Tradeline Deletion Mention in Letter Leads to Class Action Against Collector first appeared on AccountsRecovery.net. The post Settlement Offer, Tradeline Deletion Mention in Letter Leads to Class Action Against Collector appeared first on AccountsRecovery.net. Want to learn more?

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Account Recovery

DECEMBER 27, 2022

The post Mortgage Servicer Reaches $975k Settlement with Mass. AG Over Debt Collection, Servicing Issues first appeared on AccountsRecovery.net. AG Over Debt Collection, Servicing Issues appeared first on AccountsRecovery.net.

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Collections 237

Account Recovery

SEPTEMBER 10, 2021

A motion has been filed in a West Virginia federal court to approve a settlement in a class action Fair Debt Collection Practices Act and West Virginia Consumer Credit Protection Act case that will see the defendant pay $995,000 after it was accused of sending letters that did not include updated language required under state … The post Collector (..)

Fair Debt Collection 245

Fair Debt Collection Collections Consumer Credit Credit Management 245

Account Recovery

FEBRUARY 21, 2022

million as part of a settlement with the Attorney General of Massachusetts over its debt collection practices, the AG’s office announced on Friday, affecting more than 1,000 borrowers throughout the state. Settlement Over Collection Practices appeared first on AccountsRecovery.net. An auto lender has agreed to pay $5.6

Lender 246

Lender Collections 246

Account Recovery

SEPTEMBER 21, 2022

AG Reaches $12M Settlement With Collector appeared first on AccountsRecovery.net.

Collection Companies 245

Collection Companies Collections 245

Account Recovery

MAY 20, 2022

A District Court judge in Pennsylvania has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act because settlement offers mentioned in an initial collection notice allegedly violated the 30-day dispute window. A copy of the ruling in the case of Bernard v.

Fair Debt Collection 243

Fair Debt Collection Collections 243

Account Recovery

JANUARY 6, 2022

A company that made cash advances to small businesses has reached a settlement with the Federal Trade Commission that will see the defendants pay $675,000 while also being permanently banned from participating in any debt collection activities. A copy of the stipulated order for permanent injunction and monetary judgment in the case of FTC v.

Collections 246

Collections Trade Judgment 246

Account Recovery

NOVEMBER 8, 2021

The Attorney General of Illinois and the Illinois Department of Financial and Professional Regulation have reached a settlement with three online payday lending lead generators that will see them stop operating in the state without having a proper license.

Loans 240

Loans 240

Account Recovery

FEBRUARY 22, 2022

Most individuals who had loans owed to Navient are learning the hard way that they are likely not part of a settlement that was announced last month where the student loan servicing giant announced it was canceling $1.7 billion of delinquent student loans.

Student loans 235

Student loans Student Loans Loans 235

Account Recovery

DECEMBER 22, 2021

A class-action lawsuit has been filed in Florida against a company for allegedly violating the Fair Debt Collection Practices Act by offering a settlement to an individual in a collection letter without being specific enough even though the letter disclosed “if your account is settled for less than the full original balance it will cause … (..)

Fair Debt Collection 245

Fair Debt Collection Collections 245

Account Recovery

MAY 31, 2023

A District Court judge in Ohio has approved a settlement in a Fair Debt Collection Practices Act class-action lawsuit that will see the defendant pay $500,000 in fees and costs after it was accused of pursuing collection activity against individuals who had participated in a separate settlement of an FDCPA case in which the defendant …

Fair Debt Collection 130

Fair Debt Collection Collections Credit Management 130

Account Recovery

DECEMBER 2, 2020

The Consumer Financial Protection Bureau yesterday filed a lawsuit against a debt settlement company, alleging it engaged in abusive and deceptive acts and practices by charging fees before it performed any services and collecting higher fees than it was supposed to.

Debt settlement 217

Debt settlement Collections 217

Account Recovery

FEBRUARY 8, 2024

The Consumer Financial Protection Bureau yesterday announced a settlement in an enforcement action that started nearly a decade ago which will see those involved in a foreclosure relief scam pay $12 million in penalties and restitution to consumers.

Foreclosure 130

Foreclosure 130

Account Recovery

AUGUST 18, 2021

A proposed settlement has been reached between the Consumer Financial Protection Bureau and a debt collector it sued back in 2019 that will see the collector and its owner pay a fine of $850,000, update its policies and procedures with respect to reporting debts to credit bureaus, and ensure the accuracy of accounts on which … The post Collector (..)

Debt collector 246

Debt collector Collections 246

Account Recovery

SEPTEMBER 29, 2021

A debt collection company based in Atlanta and its owners have been permanently banned from the industry and will pay $266,000 out of a $3 million penalty under the terms of a settlement announced by the Federal Trade Commission, which had sued the company and its owners for threatening to have consumers arrested and imprisoned … The post Debt (..)

Debt collector 238

Debt collector Trade Collection Companies Collections 238

Account Recovery

MARCH 10, 2022

The plaintiff … The post Class-Action FDCPA Suit Filed Over Settlement Offer Language in Collection Letter appeared first on AccountsRecovery.net. A copy of the complaint in the case of Edouard v. Unifin can be accessed by clicking here.

Fair Debt Collection 246

Fair Debt Collection Collections 246

Account Recovery

AUGUST 19, 2021

Thanks to Eric Troutman at TCPAWorld.com for noticing this first … A collector that appealed a $267 million ruling against it in a Telephone Consumer Protection Act case has notified the Ninth Circuit Court of Appeals that it has reached a settlement with the plaintiff.

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Account Recovery

NOVEMBER 22, 2021

The California Department of Financial Protection & Innovation is seeking comments on a proposed rulemaking that would require four different industries to be registered with the state in order to operate — debt settlement services, student debt relief services, education financing, and wage-based advances.

Debt settlement 246

Debt settlement Education 246

Account Recovery

SEPTEMBER 21, 2020

A District Court judge in California has granted final approval of a $175,000 settlement in a class-action Fair Debt Collection Practices Act case. The plaintiff filed suit after receiving a collection letter from the defendant … The post Judge Grants $175k Settlement in FDCPA Case appeared first on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Collections 246

Account Recovery

APRIL 13, 2023

A pair of individuals have been indicted by a grand jury in Colorado for their role in running an alleged student loan debt settlement scam. Torres, 45, was the registered agent for Student … The post Pair Indicted for Running Student Loan Debt Settlement Scheme first appeared on AccountsRecovery.net.

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Student loans Student Loans Debt settlement Loans 130

Account Recovery

NOVEMBER 19, 2021

Or would you turn around and sue the company … The post Judge Grants MTD in FDCPA Case Over Settlement Offer in Letter appeared first on AccountsRecovery.net. ” If you had owed someone more than $3,500 and were sent two letters offering you the opportunity to settle that debt for 25% of what you owed, would you take the deal?

Collections 241

Collections 241

Account Recovery

MAY 7, 2021

A debt buyer and collection law firm in California have reached a settlement with a local District Attorney after being accused of suing an individual in an attempt to collect a debt that the individual did not owe, according to a published report. The settlement includes a civil penalty, a fine to reimburse the county … The post Calif.

Law Firms 246

Law Firms Collections 246

Account Recovery

NOVEMBER 20, 2023

A District Court judge in California has granted approval of a settlement in a Fair Debt Collection Practices Act class action that will see the defendant pay $51,975 to the injured plaintiffs and up to $123,000 in attorney’s fees and costs. The Background: The plaintiff received several voicemails and text messages from the defendant.

Fair Debt Collection 130

Fair Debt Collection Collections 130

Account Recovery

JUNE 25, 2021

A District Court judge in Washington has signed off on a final settlement in a Fair Credit Reporting Act class action that will see the plaintiff’s attorneys be awarded as much as 73% of the final amount that the defendant is willing to pay to settle the case after the plaintiff claimed it obtained a … The post Judge Approves $100k Settlement (..)

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