October

Blog Posts in October, 2016

  • Earlier this year, in July, Judge John Z. Lee approved a $9.25 million settlement between American Express Co., American Express Centurion Bank, and customers who claimed the company and a hired third party, Alorica, made illegal debt collection and ...
  • In Colorado, the state’s attorney general has secured a victory against a firm over alleged deceptive foreclosure practices. Two justices in the court states, though, that the practices of the firm may not have been considered deceptive after ...
  • CFPB Hearing on Debt Collection

    Debt collection is a $13.7 billion industry in the United States that employs over 130,000 people. At the Consumer Financial Protection Bureau (CFPB) Field Hearing on Debt Collection on July 28, 2016, Director Richard Cordray noted that much work ...
  • According to an insideARM article, any and all companies and debt collectors who use automatic dialing and recorded messages to contact Minnesota residents should take the time to understand Minnesota’s Automatic Dialing-Announcing Devices ...
  • Case Law Update: RESPA Claim Dismissal Denied

    In a new case, a plaintiff alleged that two defendants violated regulations set forth by the Real Estate Settlement Procedures Act. The lawsuit involves a plaintiff who from 2005 onward lived in a New Jersey residence. In 2012, the plaintiff was ...
  • Illinois has announced that it is taking after California and suspending Wells Fargo & Co. from investment and bond work, taking away their capability of handling billions of dollars. This comes after the company admitted to creating and opening ...
  • In July, an Illinois federal court approved a preliminary TCPA class action settlement between American Express and consumers who accused the company of using illegal debt collection methods including telemarketing contact through consumer cell ...
  • Foreclosures from Financial Crisis Remain

    On the National Public Radio special series Planet Money, a discussion occurred regarding the housing market crash and the foreclosure cases started during this time. These cases were abandoned, leaving the individuals dealing with the foreclosures ...
  • Case Law Update: Smith v. Stellar Recovery, Inc.

    In the case of Smith V. Stellar Recovery, Inc., the plaintiff, Lakisha T. Smith, alleged that the defendants, Stellar Recovery, Inc. and Comcast Corporation, harassed her with robocalls despite the plaintiff discharging debt with the company through ...