Maryland legislators have introduced Senate Bill 541, also known as The Maryland Online Data Privacy Act, aimed at bolstering consumer protection in response to concerns… Read More »Peter Holland Testifies in Support of the Maryland Online Data Privacy Act
In the aftermath of the MOVEit breach, where sensitive data was compromised due to security vulnerabilities, victims in Maryland and beyond are left grappling with… Read More »MOVEit Breach Victims: What’s the Next Step in Maryland?
Data breaches have become an all-too-familiar occurrence today, casting a shadow of uncertainty over everyone’s online lives. One recent breach that sent shockwaves through the… Read More »The MOVEit Breach: How Does It Impact You?
Business owners have access to and curate important/sensitive information, particularly concerning team members and consumers. When business owners must obtain a person’s social security number… Read More »Personal Information Protection Act – Business Owner Responsibilities
Debt buyer and collector EOS CCA (associated with EOS Holdings, Inc., Collecto Inc. and their wholly-owned subsidiary debt buyer, US Asset Management, all of which will be called “EOS” here) bought debts from AT&T in 2012. According to the CFPB, EOS paid $35.4 million for debts with a face value of $2.3 billion, about two… Read More »Debt Buyer Collected On Already Paid and Disputed AT&T Accounts After Purchasing Them For 2 Cents on the Dollar
A few years ago, Encore Capital, the parent of debt buyer Midland Funding, LLC started spreading money around overseas, mostly notably with the acquisition of Cabot, a debt-buyer in the United Kingdom. It’s most recent quarterly call with investors (transcript available here, signup required) paints an interesting picture of its ever-expanding global reach. The call… Read More »Encore Capital: Growing Foreign Profits
Like Encore, debt-buyer Portfolio Recovery Associates recently held its quarterly call with investors (transcript available here, signup required). Like Encore, Portfolio emphasized its growth outside the United States, in Europe and South America. Portfolio appears to be some way behind Encore in this expansion, although it does have some very far flung outposts – as… Read More »Portfolio Recovery Associates (“PRA”) Is Now a Global Debt Collector
Barry Stimpson, like so many other Americans, was sued by Midland Funding, LLC. Midland claimed that it had bought a debt Stimpson owed to Capital One. Midland tried to prove that Stimpson owned it money with three affidavits. The District Court of Canyon County, Idaho, found that these affidavits were insufficient. The court’s decision merits reading for its clear and full analysis of the law of evidence as applied to debt buyer affidavits.
In June 2015, the Office of the Comptroller of the Currency issued several consent orders dealing with misconduct by large banks. Two were new, against Bank of American and Wells Fargo for newly discovered misconduct. The remainder dealt with the failure by large banks, including Wells Fargo to abide by the terms of existing Consent… Read More »OCC Consent Orders With Bank of America, Wells Fargo, HSBC and Other Banks on Debt Collection, Foreclosure & Robosigning
Scammers call and demand immediate payment via wire transfer or prepaid debt card. According to a recent statement from the Maine Attorney General
Read More »Prepaid Debit Cards and Wire Transfers in Debt Collection ScamsThe red flag, however, is that they want you to make an instant payment with a pre-paid debit card or wire transfer. This is how you know you are getting scammed. Hang up the phone immediately.
