CFPB Takes Action Against the Two Largest Debt Buyers for Using Deceptive Tactics to Collect Bad Debts SEP 09, 2015 Encore and Portfolio Recovery Associates Must Refund Millions of Dollars and Overhaul Debt Collection and Litigation Practices WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) took action against the nation’s two largest debt… Read More

Are you being sued or dunned on a private student loan allegedly held by National Collegiate Student Loan Trust? (updated) Until 2015, about 125 lawsuits per month were  filed to collect National Collegiate Student Loan Trust (” NCT”)  loans in Cook County alone, with more in other Illinois counties.  We defended a number of these… Read More

FEDERAL STUDENT LOANS: Education Could Do More to Help Ensure Borrowers Are Aware of Repayment and Forgiveness Options GAO-15-663: Published: Aug 25, 2015. Publicly Released: Sep 17, 2015. HIGHLIGHTS RECOMMENDATIONS VIEW REPORT (PDF, 56 PAGES Additional Materials: Highlights Page:  (PDF, 1 page) Full Report:  (PDF, 56 pages) Accessible Version:  (PDF, 67 pages) Contact: Melissa Emrey-Arras (617)… Read More

FOR IMMEDIATE RELEASE: September 28, 2015 CONTACT: Office of Communications Tel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU TAKES ACTION AGAINST FIFTH THIRD BANK FOR AUTO-LENDING DISCRIMINATION AND ILLEGAL CREDIT CARD PRACTICES Company to Pay $18 Million to Minority Auto Borrowers, $3 Million to Credit Card Customers WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB)… Read More

CFPB Eyes Loan Servicer Rules September 30, 2015 By Michael Stratford (Inside Higher Ed) The Consumer Financial Protection Bureau formally announced Tuesday that it will explore new regulations on student loan servicing companies, calling for changes in an industry it says is bedeviled by widespread failures that are harming borrowers. Officials at the consumer agency… Read More