View full post on Regulation Pennsylvania’s regulators renewed a lawsuit against defunct collection agency Unicredit America Inc. and now want to hold former company officials personally liable for violations of consumer protection laws.
View full post on Regulation Although doing so carries legal risks for the Consumer Financial Protection Bureau, President Barack Obama’s decision to recess appoint Richard Cordray to head the new agency was all about politics.
View full post on Regulation President Barack Obama is expected to announce Wednesday that he will recess appoint Richard Cordray to serve as director of the Consumer Financial Protection Bureau, bypassing Senate Republicans who had blocked the nomination.
View full post on Regulation Michael J. Covatto, president at Unicredit America Inc. when the Erie, Pa. collection agency was accused of using a fake courtroom to intimidate debtors, has invoked the Fifth Amendment.
View full post on Regulation Lawsuits citing Fair Debt Collection Practices Act violations reached 11,359 this year through Dec. 15, exceeding last year’s record of 10,914, according to WebRecon LLC, a Grand Rapids, Mich.-based company that tracks the data from the courts.
View full post on Regulation A federal court has ordered an individual behind a payday lending scheme and two companies he controlled to pay $294,536 for illegally trying to garnish borrowers’ wages, and for using other illegal collection practices.
View full post on Regulation Lawsuits citing Fair Debt Collection Practices Act (FDCPA) violations reached 10,788 this year through Nov. 30. Last year, the 10,000 mark was reached on Dec. 1.
View full post on Regulation The Texas Attorney General’s office sued a Houston-based payday loan collection agency, alleging employees claimed the company was tied with law enforcement agencies and the Internal Revenue Service.
View full post on Regulation Key congressional backers of a 2009 law that strengthened consumer protections for credit card users are concerned that the Fed has gone too far with regulations that could restrict credit to stay-at-home mothers.
View full post on Regulation A Chicago man is suing a lender for “intentional infliction of emotional distress.”
