Debt Relief Compliance Attorney

Year: 2017

Felix Shipkevich December 19, 2017
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Fake Prize Scheme Operation FOR RELEASE December 18, 2017   The Federal Trade Commission has closed the book on a fake prize scheme that tricked people into paying $25 to collect a $1 million prize they supposedly had won. Those who paid got nothing. After weighing written arguments from the FTC and the defendants, a […]

Felix Shipkevich December 6, 2017
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The FTC today, December 6th, obtained a court order banning fraudulent debt collectors posing as attorneys form practicing debt collection activities. On July 2017 the FTC filed a complaint against Alliance Law Group claiming they were posing as lawyers and threatening to sue people for debts they did not own. The defendants are Hardco Holding Group […]

Felix Shipkevich November 16, 2017
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[ Freedom Debt Relief ] Deceives Consumers About Its Negotiating Power, the Reach of Its Services, Its Fees, and Consumers’ Rights to Their Own Funds —Consumer Financial Protection Bureau (CFPB) Last week on November 08, 2017, the CFPB filied a lawsuit against the nations largest debt settlement company, Freedom Debt Relief, claiming that their deceiving practices […]

Felix Shipkevich October 20, 2017
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The Federal Trade Commission teamed up with State Attorneys General from 11 different states and D.C to coordinate a crackdown against student loan debt relief scams. The national collaboration dubbed “Operation Game of Loans” included 36 legal actions by the FTC and AGs which allege the companies had scammed up to $95 million in illegal […]

Debt Relief Watch September 15, 2017
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Back in 2010, federal law makers ended the ability for banks to create government backed student loans. Some reasoned that this enables the government to save money and give more support to indebted students. During his time as a federal employee at the U.S. Department of Education, David Bergeron conjectured that the government seeks full […]

Debt Relief Watch August 17, 2017
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Student Loan Debt and Employer Assistance WASHINGTON, D.C. – On August 16, 2017, the Consumer Financial Protection Bureau (CFPB) released a report analyzing that almost half of student loan borrowers leave school with over $20,000 in student debt. This current trend is making more employers offer student loan repayment benefits to their employees. CFPB compiled […]

Debt Relief Watch July 5, 2017
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Washington, D.C. – On June 27, two complaints were filed against four California-based credit repair companies and three individuals for beguiling consumers about their services and charging unlawful fees. The four companies ­­– Prime Credit LLC, IMC Capital LLC, Commercial Credit Consultants and Park View Law – reached a legal settlement of $2 million penalty […]

Debt Relief Watch June 16, 2017
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Treasury Report: Overhaul of Financial Regulations Washington, D.C. – A report discussing the department’s evaluation of the market has been divulged by the U.S. Treasury Secretary Steven Mnuchin. The report contains ostensible executive actions and changes to regulation that can produce vital relief. Moreover, the report suggests bringing private mortgage investor capital into secondary markets. Since […]

Debt Relief Watch June 8, 2017
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The Consumer Financial Protection Bureau (CFPB) is under investigation from the House Financial Service Committee. The Committee is accusing CFPB’s director, Richard Cordray, for allegedly misleading the committee’s investigation on Wells Fargo’s machinations of opening unnecessary, and sometimes, unauthorized accounts. A report released by Republican staff alleges that Director Cordray was defiant to provide specific inquiries requested […]

Debt Relief Watch June 5, 2017
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On April 27, 2017 the Consumer Financial Protection Bureau (CFPB) sued four online installment loan companies – Golden Valley Landing, Inc., Silver Cloud Financial, Inc., Mountain Summit Financial, Inc., and Majestic Lake Financial, Inc. – for unfair, abusive, and deceptive practices toward consumers by collecting on debts that consumers did not legally owe. CFPB asserted […]