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Archive for December, 2012

CFPB Looks to Regulate Debt Collection

By K&S on December 28th, 2012 | No Comments

Posted in: Debt Collection Lawyers, Debt Collection Methods

According to a recent article by the Washington Post, American households struggling with debt collection have a new ally in their fight to stay out of legal trouble with debt-collection firms: the United States government.  Next year, the Consumer Financial Protection Bureau will begin monitoring the practices of these collection bureaus and will start cracking…

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Midland Funding LLC Agrees to Settle Lawsuit by Minnesota Attorney General

Debt buyer Midland Funding LLC agreed to pay Minnesota $500,000 to settle a lawsuit filed last year by Minnesota Attorney General Lori Swanson. The lawsuit accused the company of robo-signing affidavits in collection lawsuits and sometimes targeting the wrong people for payment of debts it bought from banks and credit card companies. Midland Funding, a…

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