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Mass. AG Reaches $600k Settlement with Debt Settlement Payment Processor

Account Recovery

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. … The post Mass.

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Bill Introduced in Ohio to Legalize Debt Settlement

Account Recovery

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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Mass. AG Levies $1M Fine Against Debt Settlement Company

Account Recovery

AG Levies $1M Fine Against Debt Settlement Company appeared first on AccountsRecovery.net. ” A copy … The post Mass. ” A copy … The post Mass.

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Penn. AG Settles Enforcement Action with Consumer Attorney Running Debt Settlement Operation

Account Recovery

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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CFPB Sues Debt Settlement Company

Account Recovery

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.

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DFPI Issues Draft Rules to License Four New Types of Industries, Including Debt Settlement Providers

Account Recovery

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.

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Pair Indicted for Running Student Loan Debt Settlement Scheme

Account Recovery

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.