Compliance

What does it mean when you say “hear from you?” Does it mean that the other person can call you? Does it mean they can write you? Does it mean either of those? Or both? And how something be correct in one part of the country by incorrect in another? …

The Federal Trade Commission has filed a complaint against three individuals operating a labyrinth of collection agencies with scamming individuals to make more than $3.4 million of payments on fake debts. A copy of the complaint can be accessed here. The defendants are Lamar Snow, Jahaan McDuffie, and Glentis “Glen” Wallace. …

A federal judge in New Jersey has tossed a potential class-action lawsuit against a collection agency, ruling that the arguments made by the plaintiffs in the case are “silly.” A copy of the ruling in the case — Macelus v. Capital Collection Service — can be viewed here. Attorneys for …

A federal judge in Illinois has awarded more than $60,000 in legal fees to the attorneys who represented a plaintiff in a lawsuit alleging a collection law firm violated the Fair Debt Collection Practices Act. The suit had been stayed for more than a year while a separate suit against …

Stark Law and affiliates Stark Recovery and Capital Harris Miller have reached a settlement with the attorney general of Illinois where the three owners will forfeit $9 million in assets to help pay a $47 million judgment. The three defendants — Hirsh Mohindra, his brother Gaurav Mohindra and Preetesh Patel — …

Anthony Alexis, the enforcement director at the Consumer Financial Protection Bureau, is leaving the agency. The announcement was made to CFPB staff on Thursday afternoon. Alexis has been with the CFPB since 2012. He was previously a partner at the law firm of Mayer Brown. The date of his departure …

Scott Tucker, a racecar driver who earned nearly $400 million from running a massive payday lending operation, was convicted on Friday of exploiting individuals with illegally high interest rates and deceptive loan terms. Tucker, along with business partner Timothy Muir, face “significant” prison terms when they are sentenced on January …

Never one to shy away from a pun, the Federal Trade Commission, in coordination with 11 state attorneys general, announced “Operation Game of Loans” today, an initiative aimed at deceptive student loan debt relief scams. The announcement of the initiative included details of 36 enforcement actions being undertaken by the …

A group of more than 300 individuals paid a trio of scammers more than $200,000 in fake debts, according to an charges that were read during an initial appearance today in a federal courthouse in Georgia. The three individuals — Alex Plumb, a U.K. native of the United Kingdom and …

More and more collection agencies are receiving large envelopes that have dozens of credit reporting dispute letters in them, all dealing with different creditors and all purportedly signed by the consumer. When looking at the signatures at the bottom of the dispute letters, while the names are different, the writing …