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Fraudulent Mortgage Rescue Operation Sued
A lawsuit filed Wednesday by New York Attorney General Eric T. Schneiderman's office accuses two law firms and their lead attorney of participating in a fraudulent mortgage rescue scheme.
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Debt collectors scored a major victory when a court reversed a ruling in the case of Gulf Coast Collection Bureau Inc. v. Mais. more »
Michigan-based Flagstar Bank will be required to pay $37.5 million in restitution and fines over regulatory allegations it blocked struggling homeowners from receiving foreclosure relief, the Consumer Financial Protection Bureau said Monday. more »
WASHINGTON –Regulators fined U.S. Bank $57 million in penalties and restitution on Thursday to settle allegations that the $367 billion-asset bank unfairly marketed and charged add-on products to consumers. more »
A U.S. appellate court on Wednesday upheld a district court ruling that several defendants operated a scheme selling phony debt relief programs and mortgage assistance. more »
A debt collection operation that used fake names and threatened consumers into paying debts they often did not owe can no longer perform any collection work under a settlement with the Federal Trade Commission. more »
An appeals court chose not to revisit a ruling that a collection agency violated the Fair Debt Collection Practices Act when it sent a collection letter revealing a debtor's account number through the envelope's address window. The agency now can either let the decision stand or try taking the case to the Supreme Court. more »
Collection company USCB Inc. agreed to pay $2.75 million to settle a Telephone Consumer Protection Act class action lawsuit. more »
Two federal regulators announced lawsuits on Wednesday against two separate payday lending operations.?? more »
Several key statistics tracked carefully by collection agencies and creditors surprisingly dropped in August, including lawsuits and complaints filed with the Consumer Financial Protection Bureau. more »
New York Attorney General Eric Schneiderman on Tuesday announced the arrest of five people, including three bank tellers, for taking part in an identity theft ring. more »
Collection agencies and debt buyers collecting from people in Arkansas must have a license to operate in the state if they want to legally do so, the Arkansas Supreme Court has ruled. more »
Fredrick J. Hanna & Associates filed a motion Friday in U.S. District Court to dismiss the Consumer Financial Protection Bureau's lawsuit charging the firm and its three principal partners with operating a collection lawsuit mill. more »

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