DEBT DEFENSE

5 Tips for Stopping Debt Collectors in Their Tracks

There are many ways to fight back against debt collectors. But to stop them cold, a few tips are worth repeating. These tips may not apply to every debt, but at least one of them might apply to yours. 1. Check the statute of limitations. Under Massachusetts...

Debt-Collection Firms’ Factory-Type Operations May Be Violation of FDCPA

Deciding against the debt collector Frederick Hanna & Associates, a federal trial court denied Hanna’s motion to dismiss a case brought by the Consumer Financial Protection Bureau. The case claimed that Hanna’s attorneys were not “meaningfully involved” in the collection cases that they filed, operating “less...

FTC Wins $4 Million in Refunds to Debt Collection Victims

Almost 95,000 checks, worth over $4 million, will be sent to victims of illegal debt collection practices, thanks to a settlement obtained by the Federal Trade Commission with Asset Capital and Management Group, The business owners will also be banned from the debt-collection industry and must...

CFPB Acts to Stop Robo-signed Chase Credit Card Documents

The federal Consumer Financial Protection Bureau entered into a settlement with JPMorgan Chase for robo-signing of affidavits filed by Chase in debt-collection lawsuits. The investigation into Chase’s collection practices stems from public revelations about robo-signing by a Chase whistleblower a few years ago. Chase signed affidavits...

Consumer Financial Complaints Now Online Through CFPB

The Consumer Financial Protection Bureau has made consumer complaints publicly available to search. The database cover the major issues in the consumer financial marketplace, including debt collection, inaccurate credit reports, and foreclosure. The complaints show the seriousness of the violations that average people deal with every day....

Former Debt Collector’s Essay Show Dark Side of Collection Business

The Vice network has published an essay written by a former debt collector who describes debt collection as “gathering the flotsam and jetsam of the capitalist system's wreckage.” Titled “My Time as a Professional Debt Collector Made Me Lose Faith in Humanity,” the essay describes his windowless,...