DEBT COLLECTION VIOLATIONS

This action is part of the Bureau’s work to address illegal debt collection practices across the consumer financial marketplace, including companies who sell, buy, and collect debt. For instance, in separate enforcement actions, the CFPB has ordered three of the law firm’s clients, JPMorgan Chase, Portfolio Recovery Associates, and Encore Capital Group, to overhaul their debt collection practices and to refund millions to harmed consumers. The Bureau will continue working to ensure all players in the collections market treat consumers fairly. The final consent order can be found at: http://files.consumerfinance.gov/f/201601_cfpb_stipulated-final-judgment-and-order-frederick-j-hanna.pdf The CFPB’s complaint in the lawsuit can be found at: http://files.consumerfinance.gov/f/201407_cfpb_complaint_hanna.pdf The proposed consent order filed today follows an earlier court order issued in July 2015 that rejected the defendants’ motion to dismiss the case. Among other things, that court ruling held that attorneys have an obligation to meaningfully review the facts of a lawsuit before filing it and that the CFPB has the authority to take action against attorneys engaged in illegal consumer debt-collection practices.

UNWANTED CALLS AND LEGAL CLAIMS

  A consumer may receive a number of unwanted calls.  However, if those calls were made to collect a debt, the remedy is under the Fair Debt Collection Practices Act, not the Do Not Call List law.   The Do Not Call List law excludes calls to collect a debt from its coverage. The Fair Debt... Continue Reading →

Powered by WordPress.com.

Up ↑

Exit mobile version
%%footer%%