Search Results: Debt Collection

Online Fast Cash Lenders to Pay $9 Million to Settle Claims of Illegal Lending to North Carolina Consumers

On June 21, 2016, the North Carolina Attorney General announced that two online fast cash lenders have agreed to pay more than $9 million in refunds for allegedly illegal loans issued to North Carolina consumers.  The settlement stems from a December 2013 complaint alleging that the lenders violated North Carolina usury…

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CFPB Announces Settlement with Debt Collection Law Firm and Debt Buyer Over Alleged Abusive Debt Collection Practices

On April 25, 2016, the Consumer Financial Protection Bureau (CFPB) announced​ it entered into two settlements, available here​ and here, with a law firm and a financial services company over allegations the entities filed debt collection lawsuits without properly verifying the underlying debt obligations, in violation of the Consumer Financial Protection Act…

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FTC and Illinois AG Secure Temporary Restraining Order Against Companies' Deceptive Payday Loan Collection Practices

FTC

​On March 30, the Federal Trade Commission (FTC) announced that the Northern District of Illinois granted the FTC and Illinois Attorney General’s request for a temporary restraining order against an Illinois payday loan collection operation.  The FTC and AG alleged the payday loan collector was in violation of the FTC Act, Fair Debt Collection…

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Ohio Attorney General Files Lawsuit Against Attorney for Failing to Provide Loan Modification Services

​On March 29, the Ohio Attorney General (“AG”) announced a lawsuit filed in Ohio state court against a Pennsylvania-based attorney, for alleged violations of Ohio’s Consumer Sales Practices Act and Debt Adjuster’s Act. According to the complaint, the attorney contacted Ohio consumers, offering loan modification services.  He allegedly represented to consumers that…

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West Virginia Attorney General Secures $20 Million Settlement Against Debt Collector

​On March 21, the West Virginia Attorney General’s office announced​ that it had settled allegations against a debt collector over alleged violations of the West Virginia Collection Agency Act, W. Va. Code §§ 47-16-1 (“Collection Agency Act”) and the West Virginia Consumer Credit and Protection Act, W. Va. Code §§ 46A-1-101 (“WVCCPA”).  The…

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West Virginia Attorney General Settles with Payday Lender for Debt Collection Calls

​On February 25, the West Virginia Attorney General’s office announced that it had reached a settlement with an Ohio payday lender, resolving allegations that the payday lender had engaged in debt collection activities that “may violate” provisions of the West Virginia Consumer Credit and ​Protection Act (WVCCPA), W. Va. Code § 46A-…

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CFPB Enters Consent Order with National Bank & Debt Collectors Over Allegedly False Affidavits

​On February 23, the Consumer Financial Protection Bureau (CFPB) announced that it had entered into consent orders with a national bank, two of its affiliates, and two debt collection law firms over allegations that the debt collection law firms altered affidavits filed in New Jersey courts.  The consent orders allege that…

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