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CFPB Sues Encore, Subsidiaries, for Violating Terms of 2015 Consent Order

Account Recovery

and its subsidiaries, Midland Funding, LLC, Midland Credit Management, Inc., The Consumer Financial Protection Bureau today filed a lawsuit against Encore Capital Group, Inc. and Asset Acceptance Capital Corp.,

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Lexington Law Firm: Pros and cons | Credit repair in 2025

Credit Corp

Lexington Law Firm has over two decades of experience assisting people with their credit needs. If you’ve noticed an inaccurate blemish on your credit report , you may be wondering about the pros and cons of using Lexington Law to correct errors. Credit.com is owned by Credit.com Holdings, LLC.

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California Federal Court Halts Allegedly Deceptive Debt Collection Practices by Blackrock Services, Inc. and Affiliates

Troutman Sanders

along with Liberty Credit Management, Inc., These letters threatened legal action, damage to credit scores, and other severe consequences if the purported debts were not paid. The defendants allegedly misrepresented themselves as law firms and used various fictitious business names to bolster their credibility.

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7th Circuit Says Credit Agencies Need Not Dig Into Debt Ownership

Collection Industry News

Credit reporting company Equifax Inc. Court found in favor of credit agencies in cases brought by borrowers. Fair Credit Reporting Act did not require them to scrutinize sale agreements to determine debt ownership. The company and law firm names shown above are generated automatically based on the text of the article.

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CFPB settles lawsuit filed against debt collectors and debt buyers for alleged violations of CFPA, FDCPA, and 2015 consent order

Collection Industry News

Midland Funding, LLC, Midland Credit Management, Inc., The CFPB announced last week that it has entered into a settlement of the lawsuit it filed in September 2020 against Encore Capital Group, Inc., and Asset Acceptance Capital Corp.

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Personal Guarantees in Commercial Collection: How Helpful Are They?

The McHughes Law Firm

It is a prudent credit manager that attempts to obtain personal guarantees from the principals of an incorporated entity to which credit is being extended. In conjunction with the execution of a personal guarantee, the well-informed credit manager will also attempt to obtain a personal financial statement from the guarantor.

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Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges – Part 3: Commercial Mortgage Default Options Including Acceleration and Enforcement of Personal Guaranties

Jimerson Firm

3d DCA 1992) , a purported guarantor successfully defended a claim under a guaranty where the guarantor signed as president of the corporation, signed on the line for “guarantor” but not “guarantor individually,” and the lender’s credit manager testified that the lender was aware that the guarantor “would not incur individual liability.”

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