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The Holland Law Firm, P.C.

Criminal Records Identity Theft – What Does it Entail?

Financial Regulation

FTC Shuts Down “Payday Loan” Scam

September 22, 2014

The FTC has shutdown a Missouri-based scam operation, which claimed to be a payday lending business. The scam operated by depositing $200-300 into consumers’ bank accounts without their permission, then repeatedly withdrawing money from the same account as “finance charges”, using fake documents presented to consumers’ banks. The FTC press release is here and the court’s order shutting down the scam is here.

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John Oliver on Payday Lending

This entire 16-minute segment is definitely worth watching, here. With 1.8 million views on YouTube already, this insightful and often serious clip has the potential to impact policy and regulation. Pass it on.

Consumer Financial Protection Bureau Sues Large Debt Collection Law Firm, Calling it a “Mill” and a “Factory.”

In what is probably an unprecedented move, a federal regulator has filed a lawsuit accusing a debt collection law firm of violating the Fair Debt Collection Practices Act because the law firm is a mill, and taking a factory approach to litigation. Specifically, the lawsuit alleges that in filing over 300,000 lawsuits, there was a… Read More »Consumer Financial Protection Bureau Sues Large Debt Collection Law Firm, Calling it a “Mill” and a “Factory.”