Tag Archives: Settlement

A debt collector in Oregon has agreed to pay $2 million to settle claims it violated the Fair Debt Collection Practices Act against a class of plaintiffs for charging an “issuance fee” of $45 when garnishing the assets of individuals with unpaid debts. A copy of the approved settlement in …

A District Court judge in Washington has signed off on a final settlement in a Fair Credit Reporting Act class action that will see the plaintiff’s attorneys be awarded as much as 73% of the final amount that the defendant is willing to pay to settle the case after the …

A District Court judge in Connecticut has approved a settlement in a Fair Debt Collection Practices Act class-action lawsuit after the defendant was accused of sending collection letters that improperly assessed post-judgment interest. The defendant has agreed to pay $10,000 to the members of the class, $3,000 to the named …

The Attorney General of Massachusetts has announced a “first-of-its-kind” settlement with a student loan servicer that had been sued for allegedly engaging in unfair and deceptive practices that will require it to audit all 200,000 of its accounts in the state to determine if an error or misrepresentation was made …

The Consumer Financial Protection Bureau has reached a $60 million settlement with the defunct lending arm of a bankrupt for-profit lender, ending a five-year legal battle. The settlement, with ITT Educational Services, Inc., resolves a lawsuit the CFPB filed back in 2014 that accused the lender of engaging in unfair …

The Bureau of Consumer Financial Protection has announced a $5 million settlement with Security Group Inc., and its subsidiaries, Security Finance Corp. and Professional Financial Services Corp., after the payday lender was accused of engaging in unfair, deceptive, abusive acts or practices related to how it collected on those loans. The …

A pair of individuals who were charged last year with operating an abusive debt collection scam have reached a proposed settlement with the Federal Trade Commission which will see them barred from the ARM industry for the rest of their lives, as well as imposing a judgment of more than …