CFPB SUES ENCORE, SUBSIDIARIES, FOR VIOLATING TERMS OF 2015 CONSENT ORDER
- The Consumer Financial Protection Bureau yesterday filed a lawsuit against Encore Capital Group, Inc. and its subsidiaries, Midland Funding, LLC, Midland Credit Management, Inc., and Asset Acceptance Capital Corp., accusing the companies of violating the terms of a 2015 consent order by suing consumers without possessing required documentation, using law firms and an internal legal department to engage in collection efforts without providing required disclosures, and failing to provide consumers with required loan documentation after consumers requested it.
ENCORE CAPITAL RELEASE STATEMENT IN RESPONSE TO CFPB SUIT
- Hours after it was announced that it was being sued by the Consumer Financial Protection Bureau for violating the terms of a consent order that was entered into in 2015, Encore Capital Group released the following statement.
CFPB, NY AG SUE ALLEGED COLLECTION SCAMMERS
- A number of debt collection companies, alleged to have been operating as one common enterprise, along with the principals and managers of the companies have been sued by the Attorney General of New York and the Consumer Financial Protection Bureau, for allegedly violating the Fair Debt Collection Practices Act, the Consumer Financial Protection Act, and state law in New York.
JUDGE GRANTS MTD IN FCRA CASE OVER BACKGROUND CHECK DISCLOSURE
- A District Court judge in Massachusetts has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Credit Reporting Act because it included “extraneous” information on a background check disclosure form, ruling that the plaintiff never alleged that the information “caused any actual confusion.”
WORTH NOTING: A lot of people are in very bad financial shape because of the coronavirus pandemic … A staring contest can keep seagulls from stealing your food, according to researchers … President Trump has been nominated for the Nobel Peace Prize … Jelly Belly is offering people a golden ticket to win a candy factory … People without kids are jealous of the perks being afforded to working parents … A study has linked a biker rally in South Dakota to 260,000 cases of COVID-19 … Did you make the list of the 400 richest Americans? … It has been so hot in Arizona that even the cacti have had enough.
Getting a paper airplane to fly forever
Should the electoral college be abolished?
The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com.
CFPB SUES ENCORE, SUBSIDIARIES, FOR VIOLATING TERMS OF 2015 CONSENT ORDER
- The Consumer Financial Protection Bureau yesterday filed a lawsuit against Encore Capital Group, Inc. and its subsidiaries, Midland Funding, LLC, Midland Credit Management, Inc., and Asset Acceptance Capital Corp., accusing the companies of violating the terms of a 2015 consent order by suing consumers without possessing required documentation, using law firms and an internal legal department to engage in collection efforts without providing required disclosures, and failing to provide consumers with required loan documentation after consumers requested it.
ENCORE CAPITAL RELEASE STATEMENT IN RESPONSE TO CFPB SUIT
- Hours after it was announced that it was being sued by the Consumer Financial Protection Bureau for violating the terms of a consent order that was entered into in 2015, Encore Capital Group released the following statement.
CFPB, NY AG SUE ALLEGED COLLECTION SCAMMERS
- A number of debt collection companies, alleged to have been operating as one common enterprise, along with the principals and managers of the companies have been sued by the Attorney General of New York and the Consumer Financial Protection Bureau, for allegedly violating the Fair Debt Collection Practices Act, the Consumer Financial Protection Act, and state law in New York.
JUDGE GRANTS MTD IN FCRA CASE OVER BACKGROUND CHECK DISCLOSURE
- A District Court judge in Massachusetts has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Credit Reporting Act because it included “extraneous” information on a background check disclosure form, ruling that the plaintiff never alleged that the information “caused any actual confusion.”
WORTH NOTING: A lot of people are in very bad financial shape because of the coronavirus pandemic … A staring contest can keep seagulls from stealing your food, according to researchers … President Trump has been nominated for the Nobel Peace Prize … Jelly Belly is offering people a golden ticket to win a candy factory … People without kids are jealous of the perks being afforded to working parents … A study has linked a biker rally in South Dakota to 260,000 cases of COVID-19 … Did you make the list of the 400 richest Americans? … It has been so hot in Arizona that even the cacti have had enough.
Getting a paper airplane to fly forever
Should the electoral college be abolished?
The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com.
