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Archive for February, 2012

85-Year-Old Oregon Woman Suing Big Bank Over Fake Suicide Call

Anne Sessions of Lane County, Oregon is suing Wells Fargo after one of its debt collectors reported to police that that the 85-year-old was threatening suicide, a claim she maintains was false, The Oregonian reports. After hitting financial trouble, Sessions says she arranged a payment plan for her credit card debt with Wells Fargo last…

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Asset Acceptance Pays Big for Debt Collection Methods

In what is sure to be considered a major victory for consumers everywhere, the FTC this week ordered¬†Asset Acceptance¬†to pay $2.5 Million in fines. Asset is one of the largest debt collectors / debt buyers in the country. The fines handed out this week certainly send a message that debt collectors should not see themselves…

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