Huffington Post reports that the US Department of Education is terminating its relationships with five debt collection agencies which have been contracted to collect student loans. This action is in response to an inspector’s report that found fault with the agencies, specifically mentioning that some misrepresented the rights of the students, the collection fees, and […]

It appears that they did.  The video below, from Democracy Now describes Wells Fargo’s procedures for systematically creating documents to order to support the taking of peoples’ homes.  (It’s at the 43 minute mark in the video.)  video from Democracy Now

We are investigating Circle City Auto Exchange, located on Madison Avenue in Indianapolis.  From our initial investigation, it appears that some folks have had a hard time getting title to the cars they purchased there. Last year, the Indiana Secretary of State looked into the company and they found 40 instances where customers were given […]

I have no respect for schools that pressure their students to get their grandparents to cosign student loans.  If a school has no confidence that the student or even the student’s parents can pay for the school, then the educational program likely isn’t worth what it costs in the first place.  That goes double when […]

I was a latecomer to the story of the problems of Ocwen Financial. As it so happens, I don’t have any current cases relating to Ocwen, so keeping track of the company isn’t a high priority. The saga of Ocwen though, is an allegory to problems that are rampant in the mortgage servicing industry.  Just […]

New York Attorney General  Eric Schneiderman, announced a settlement with one of the largest bad debt buyers in the country, Encore Capital Group.  Encore agreed to set aside 4,500 judgments that were procured with faulty dcoumentation.  Apparently there were even falsified credit card statements presented to get some of these judgments.  In Indiana Encore’s main […]

What’s worse than a payday loan? a fake payday loan.  There is a breed of bottom-feeder collection agencies now that are no longer satisfied collecting on stale credit cards and predatory payday loans, some are now making up debts out of thin air.  I recently received a call from a lady who (three days before […]

While we are on the subject of employee discounts, I am looking into the case of a consumer who believes a car dealer cheated him by telling him he was getting the employee discount but in fact didn’t give him a discount at all.  If this has happened to you, please contact me.  If you […]

I’m looking into complaints that a car dealer used the employee discount number that belonged to an employee of a major manufacturer without that employee’s permission.  If this has happened to you, even if you don’t live in Indiana, please call me.  If necessary, I can refer you to a fellow NACA consumer lawyer in […]

The New York Department of Financial Institutions has settled a range of issues with the leading problem loan mortgage servicer, Ocwen Financial Corp.  The feds and other states would be well advised to look at this settlement as an example of what can be done through civil enforcement. The Ocwen Executive Chairman agreed to resign, […]