Debt Relief Compliance Attorney
Felix Shipkevich October 14, 2019
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New York’s financial regulator said last month that it has launched an investigation into companies offering student loan borrowers debt-relief services, examining whether the companies are engaging in misleading advertising practices and charging improper fees.  Subpoenas were issued to eight companies by the New York State Department of Financial Services, companies that reportedly vow to […]

Felix Shipkevich December 7, 2018
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State Farm Bank Failed to Implement Compliance Policies Yesterday the Bureau of Consumer Financial Protection (“Bureau”, formally CFPB) announced in a press release that State Farm Bank settled for Violation of Fair Credit Reporting Act and Consumer Financial Protection Act. State Farm will be subject to a comprehensive compliance plan with record keeping and compliance monitoring. The press release described […]

Felix Shipkevich November 20, 2018
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Attorney General Mark Herring Wins Lawsuit Against Scott Kohn and Debt Relief Companies Targeting Veterans The Attorney General of Virginia filed a lawsuit in March 2018 against companies and their owner Scott Kohn for targeting more than 1,000 veterans and retirees with illegal and high interest loans. Attorney General Mark Herring has won this lawsuit by  […]

Felix Shipkevich October 23, 2018
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Today the Bureau of Consumer Financial Protection, formally the “CFPB,” published a complaint report throughout all 50 states and the District of Columbia. One of main responsibilities, The Bureau collects consumer complaints from a varied financial spectrum such as mortgage, auto loans, payday loans, debt collection, and banking. They analyze state and national patterns for regulatory […]

Felix Shipkevich October 12, 2018
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The Bureau of Consumer Financial Protection, formally the “CFPB,” released a guidance on how debt collection works for consumers. It was formatted in a frequently asked questions style albeit acknowledging that not all situations will have the same answer. They provide steps on what to do immediately after contacted by a debt collector, how to […]

Felix Shipkevich October 4, 2018
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CFPB Settlement to Correct Delays and Monetary Penalty Bluestem has settle with the CFPB (Bureau of Consumer Financial Protection) on allegations of Consumer Financial Protection Act violations for monetary penalty of $200,000. According to the CFPB the Bluestem group of companies “susbtantially delayed” transferring customer’s payments made to companies they had already sold. They found that […]