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Death Debt

OCC Consent Orders With Bank of America, Wells Fargo, HSBC and Other Banks on Debt Collection, Foreclosure & Robosigning

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

CFPB Report: Older Consumers Face Debt Collection Problems

The CFPB has released this report about debt collection complaints made by older consumers (those identifying themselves as 62 or older). The report reveals that older consumers suffer similar collection problems to consumers generally. Nearly 50% of complaints are about the collection of debts that older consumers do not owe, and in nearly 30% of… Read More »CFPB Report: Older Consumers Face Debt Collection Problems

Collecting the Debts of the Dead, An Insider’s Story

September 25, 2014

Vox carry the story of Danielle Kurtzleben’s experience collecting debts from the families of the recently deceased here. The story illustrates one of the most outrageous practices in debt collection: contacting bereaved families and asking them to pay their loved one’s debts, even though those debts are not legally enforceable.

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