FTC Charges Debt Collection Business Defrauded Consumers into Paying Debts They Did Not Owe The Federal Trade Commission charged a Georgia-based debt collection business with tricking people into paying money for debts they did not owe. A federal court temporarily halted the scheme and froze its assets at the FTC’s request. According to the FTC’s complaint, the business… Read More

  The Federal Trade Commission has obtained a court order against two men for their roles in an alleged scheme that lured consumers with fake rental property ads and deceptive promises of “free” credit reports into signing up for a costly credit monitoring service. The two settling defendants will pay a total of $762,000 to resolve the… Read More

Illinois prohibits “as is” sales of used cars by car dealers As of July 1, 2017, Illinois requires a limited warranty on used cars. The purchaser must be covered for defects “in a power train component” of which 14 are listed. The defect must appear within 15 days or 500 miles, whichever is less. If… Read More

Please contact us if Caliber Home Loans is trying to collect money from you.   There may be violations of law in documents sent to certain borrowers.… Read More

Illinois Biometric Information Privacy Act   In 2008, Illinois enacted the Biometric Information Privacy Act, 740 ILCS 14/1 et seq. (“BIPA”). BIPA is the most stringent law of any state regarding the consent, notice and disclosure procedures private companies must follow when collecting, storing or using people’s biometric information. Biometric information is defined (740 ILCS… Read More

Please contact us if EOS CCA / Collecto is attempting to collect a debt from you.… Read More

Dear Colleague, The Consumer Financial Protection Bureau (CFPB) today finalized a rule that is aimed at stopping payday debt traps by requiring lenders to determine upfront whether people can afford to repay their loans. These strong, common-sense protections cover loans that require consumers to repay all or most of the debt at once, including payday… Read More

[Massachusetts] Attorney General Maura Healey announced today that she has sued Massachusetts used car dealership JD Byrider for allegedly using predatory practices in its sale of defective vehicles with high cost loans at four locations in Massachusetts. The AG’s lawsuit alleges that JD Byrider took advantage of consumers by routinely trapping them in an unsustainable… Read More