Debt settlement Related Topics 
Account Recovery
SEPTEMBER 1, 2021
AG Levies $1M Fine Against Debt Settlement Company appeared first on AccountsRecovery.net. Compliance Debt Settlement DMB Financial Enforcement Action Massachusetts Maura Healey
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.
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Account Recovery
NOVEMBER 22, 2021
Comments on the proposed rulemaking are due by December 20 and … The post DFPI Issues Draft Rules to License Four New Types of Industries, Including Debt Settlement Providers appeared first on AccountsRecovery.net.
Account Recovery
NOVEMBER 8, 2022
The Attorney General of Massachusetts has reached a $600,00 settlement with a payment processing company that was accused of assisting a debt settlement company in engaging in unlawful business practices such as charging consumers premature and inflated fees.
Account Recovery
MAY 18, 2021
Compliance Consumer Financial Protection Act Debt Settlement DMB Financial Enforcement Action Telemarketing Sales Rule
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.
Account Recovery
JANUARY 15, 2021
The Attorney General of Minnesota has obtained a settlement with a student loan debt relief company that illegally collected fees from individuals and misrepresented its services that will see the company pay the state more than $11,000 and cease operations in the state.
Account Recovery
APRIL 14, 2021
The Consumer Financial Protection Bureau yesterday announced an enforcement action against a debt settlement company that has ties to the very creditors it was trying to help consumers get out of debt from, fining the company $750,000 and ordering it to repay $646,000 back to its customers.
Account Recovery
SEPTEMBER 1, 2021
AG Fines Debt Settlement Co. $1M
Account Recovery
JULY 20, 2021
FDCPA Class Action Filed Against Law Firm, Debt Buyer; Bill Introduced in Ohio to Legalize Debt Settlement appeared first on AccountsRecovery.net.
Account Recovery
MAY 18, 2021
SDNY Judge Dismisses FDCPA Case; Debt Settlement Firm to Repay Consumers $5.4M
Luftman, Heck & Associates.
JULY 24, 2021
An experienced debt settlement lawyer at Luftman, Heck & Associates helps you explore your options. Our Cleveland bankruptcy attorneys analyze your situation to determine the best solution to get you out of debt and into financial freedom.
Debt Recoveries
SEPTEMBER 30, 2020
I know debt collection can be an uncomfortable process, even for large businesses. These tips are designed to help you understand the options you have for debt collection, before you go down the legal path. Don’t wait to take action on a debt. Hey, Adam Stewart here.
Troutman Sanders
DECEMBER 27, 2022
The attorney general of Massachusetts reached a settlement with a payment processing company that allegedly assisted a debt settlement company engaged in charging consumers premature and inflated fees. The change must be implemented within six (6) months of the settlement.
Credit Corp
JULY 9, 2021
Does settling a debt hurt credit? There are situations in which settlement will affect your score less than the available alternatives. How does debt settlement affect your credit? For what amount of time will the history of a settlement decision follow you?
Account Recovery
DECEMBER 2, 2020
Judge Denies MTD in FDCPA Case Over Reference to Creditor; CFPB Sues Debt Settlement Company appeared first on AccountsRecovery.net.
Account Recovery
APRIL 19, 2021
… The post Minnesota AG Settles with Student Loan Debt Relief Company appeared first on AccountsRecovery.net. Compliance Student Loans Debt Relief Debt Settlement Keith Ellison Minnesota
Direct Recovery
JANUARY 8, 2021
Working out a deal to settle a delinquent debt for a percentage of the balanced owed is one of the most commonly recommended tactics for anyone starting out on the road to getting out of debt and improving their personal financial situation.
Troutman Sanders
NOVEMBER 16, 2022
On November 7, Massachusetts Attorney General Maura Healey announced a $600,000 settlement with Oklahoma-based payment processor Global Holdings. Last year, however, DMB executed separate settlements with both the state of Massachusetts and the CFPB.
Collection Industry News
JUNE 5, 2022
On May 26, 2022, the North Carolina Attorney General (NC AG) announced that it obtained a default judgment against a California-based debt settlement business, and its proprietor. The lawsuit, filed on June 25, 2021 in the North Carolina Superior Court for Wake County, alleged that the entity violated North Carolina’s Debt Adjusting Act, N.C. The post North Carolina AG Permanently Enjoins Debt Settlement Business appeared first on Collection Industry News.
Collection Industry News
JUNE 7, 2021
Settlement offer didn’t note interest would accrue. A debt collector’s offer to settle an outstanding debt didn’t need to inform the consumer that their balance could increase due to interest and fees, because it didn’t make the letter misleading under federal law, the Second Circuit said Friday. Cristian Cortez incurred credit card debt which was placed with Forster & Garbus LLP for collection. Source: site. Debtor wouldn’t reasonably be misled.
Consumer Finance
MAY 16, 2021
The Consumer Financial Protection Bureau (CFPB) requested today that a federal district court enter a final judgment and order that, if entered by the court, would require DMB Financial, LLC to pay consumers at least $5.4
Titan Consulting
SEPTEMBER 15, 2020
Financial hardship could make it possible to negotiate debt balances and pay less than the full amount owed. Bankruptcy can wipe out unsecured bills, leaving creditors with no way to recover the debt. When Should You Consider a Debt Settlement Program ? Key Takeaways.
Collection Industry News
MAY 16, 2022
According to the complaint, the defendants, a student loan debt relief business and a general debt-settlement company, along with their owner and CEO charged illegal upfront fees and deceived customers into paying for debt relief services in violation of the Consumer Financial Protection Act (CFPA) and Telemarking Sales Rule (TSR). The CFPB alleges that defendants wrongfully charged more than 9,000 consumers with federal student-loan debt a total of approximately $10.5
Collection Industry News
APRIL 27, 2021
On April 13, the CFPB entered into a preliminary settlement with an online debt-settlement company for allegedly violating the CFPA’s prohibition on abusive acts or practices and failing to clearly and conspicuously disclose total cost under the Telemarketing Sales Rule. The CFPB alleges that the company regularly prioritized creditors with which it had undisclosed relationships in settlements of consumers’ debts. Source: site.
Consumer Finance
NOVEMBER 19, 2020
On November 20, 2020, the Consumer Financial Protection Bureau filed a lawsuit against FDATR, Inc., and its owners, Dean Tucci and Kenneth Wayne Halverson. Press release Enforcement
Account Recovery
FEBRUARY 8, 2023
Having spent 14 years in the debt settlement industry, Jackson knows her way around collections. Janneen Jackson may be new to the accounts receivable management industry, but she is one of the most experienced rookies the industry has seen in a while.
Account Recovery
FEBRUARY 9, 2023
Having spent 14 years in the debt settlement industry, Jackson knows her way around collections. GETTING TO KNOW JANNEEN JACKSON OF PHILLIPS & COHEN ASSOCIATES Janneen Jackson may be new to the accounts receivable management industry, but she is one of the most experienced rookies the industry has seen in a while. Her plan now … The post Daily Digest – February 9.
Account Recovery
NOVEMBER 23, 2020
A copy of the complaint, filed in the District Court for … The post CFPB Files Suit Against Debt Relief Company and its Owners appeared first on AccountsRecovery.net.
Consumer Finance
APRIL 28, 2022
Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order to resolve its allegations that Performance SLC, a student loan debt relief business, and Performance Settlement, a general debt-settlement company, along with their owner and CEO, Daniel Crenshaw, engaged in wrongful fee-charging practices and deceptive telemarketing.
Consumer Finance
APRIL 12, 2021
The Consumer Financial Protection Bureau (CFPB) took action today against an online debt-settlement company for taking advantage of consumers, failing to disclose its relationship to certain creditors, and steering consumers into high-cost loans offered by affiliated lenders.
Consumer Finance
NOVEMBER 30, 2020
On December 1, 2020, the Consumer Financial Protection Bureau filed a lawsuit against DMB Financial, LLC alleging violations of the Telemarketing Sales Rule and the Consumer Financial Protection Act of 2010 in connection with its debt-settlement and debt-relief services.
Better Credit Blog
FEBRUARY 11, 2022
Can reduce your debt by 30% on average. Rated the best debt relief company on Trustpilot. A Guide to Debt Settlement Services. If you’re on the brink of bankruptcy, a final option before filing is to try the services of a debt settlement firm. Business debt.
Troutman Sanders
MAY 18, 2021
On May 17, the Consumer Financial Protection Bureau (CFPB) announced a settlement with DMB Financial LLC, a Massachusetts-based debt-settlement company.
Debt RR
APRIL 5, 2022
To get you acclimated to this topic, commercial debt is any debt owed by a business or commercial venture. This debt is used exclusively for business expenses, asset acquisition, and improvements and is ever-present toward the start of most businesses. Commercial debt can accrue to a considerable sum, and if you are in such a situation, you are liable to pay off all the debts. The post What is Commercial Debt? appeared first on Debt Recovery Resources
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