In a recent development, the Consumer Financial Protection Bureau (CFPB) issued an order against Citibank, N.A., demanding the payment of $25.9 million in fines and consumer redress for intentional and illegal discrimination against American citizens, specifically credit card applicants identified as being of Armenian descent. This alleged discriminatory practice spanned from 2015 through 2021, involving…
Credit information is used in almost every financial transaction. Whether it’s renting an apartment, purchasing insurance, or buying a home, your credit score/integrity always comes into question. Because of this, your credit information must be reported accurately. False information and reporting regarding your credit can have life-altering consequences. This article will cover some helpful information…
Today, it’s of the utmost importance to have a respectable report/record of your life’s transactions to further yourself for tomorrow. What do we mean by this? Almost all business dealings, financial transactions, and applications anyone participates in rely heavily on a record of past dealings. You cannot apply to colleges without an academic transcript. You…
In 2015, the Consumer Financial Protection Bureau (CFPB) settled an enforcement action against the Encore Capital Group (the parent of Midland Funding, Midland Credit Management and Asset Acceptance). The Encore group has an annual revenue of more than $1 billion dollars. The 2015 consent order required Encore, Midland and Asset Acceptance to follow consumer protection…
Many people make the mistake of not providing enough information or enough documentation. Here is a list of the top five mistakes we see. Read more
In 2017, the three largest Credit Reporting Agencies – Experian, Equifax and Transunion implemented some changes to what “public records” they report, according to a Consumer Data Industry Association (CDIA) press release. “Public Records” means information obtained from courts and other public entities. This includes bankruptcies, tax liens and judgments. Read more
The two largest debt buyers in the US, Encore Capital Group (owner of Midland Funding, LLC) and Portfolio Recovery Associates spoke with officials at the CFPB for over a year, a fact repeatedly mentioned by Encore and PRA in calls with their investors. In September, the results of those talks were announced by the CFPB. Read more
Bad Paper: Chasing Debt From Wall Street to the Underworld by Jake Halpern The New York Times Magazine has just published a cover story adapted from Jake Halpern’s phenomenal upcoming book, Bad Paper. You can read the entire article here. Because I can’t possibly capture Halpern’s outstanding writing style or story telling abilities, I offer… Read more
Instant Checkmate, Inc. and InfoTrack Information Services have agreed to pay civil penalties and stop their alleged illegal practices. The FTC press release is here. Read more
Schedule a consultation with our legal team to review your case.
