Debt Buyer Ordered to Repay $25 Million Denied New Trial

A federal judge has denied a request from Joseph Onwuteaka for a new trial, after Onwuteaka appealed saying the $25 million penalty he was assessed during his original trial was “grossly disproportional” to the offenses he committed. Onwuteaka was found guilty of filing lawsuits against individuals whose debts he had purchased in …

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District Judge Pokes Another Hole in Spokeo Defense

The Spokeo defense that the ARM industry thought would be a shield against frivolous and arbitrary lawsuits had another hole poked in it this week, when a federal judge in Illinois ruled against a collection agency and a law firm’s motion to dismiss a lawsuit brought by a plaintiff who …

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Consumer Lawsuit Totals Rebound in Big Way: WebRecon

There was a significant uptick in the number of lawsuits filed in August alleging violations of the Fair Credit Reporting Act, Fair Debt Collection Practices Act, and the Telephone Consumer Protection Act, according to data released today by WebRecon. The jumps in each category, compared with July, reverse a significant …

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Five States Reach $500k Settlement With IQor Units

Regulators from five states — Idaho, Connecticut, Massachusetts, Minnesota, and North Dakota — have reached a $500,000 settlement with two subsidiaries of IQor Holdings related to failure to comply with state and federal consumer protection laws. The two units are Allied Interstate LLC and The Receivable Management Services Corp. The …

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