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Last week, the CFPB issued a Consent Order against a New Jersey based debt-collection agency (Agency) over allegations that the Agency regularly violated the FDCPA and the CFPA in the course of their collection activity.
Quasi in rem: Quasi in rem judgments consider the legalrights of individuals and not necessarily all parties involved. Ultimately, if you don’t pay a debt , the lender or bill collector can file a lawsuit against you to recoup the money. What if the loan company or debtcollector has already started the lawsuit?
The Federal Trade Commission is sending more than $540,000 in refunds to consumers who paid a group of abusive debtcollectors who threatened consumers with lawsuits or arrest if they failed to pay debt that they might not have even owed.
Plaintiff’s counsel is on a state-wide rampage trying to hold debt buyers and debtcollectors liable under an obscure licensing statute. WHAT THIS MEANS, FROM CHUCK DODGE OF HUDSON COOK: This decision is a mixed one for the defendant, a lawfirm. The ruling, delivered by Judge Daphne A.
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