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Archive for March, 2013

Consumers Warned to Brace for New Efforts by Debt Collector As Encore Capital Group Acquires Asset Acceptance

Before announcing its acquisition today of Asset Acceptance, Encore Capital Group (aka “Midland Funding”, “Midland Credit Management” and “MCM”) boasted that it has one out of every nine collection “accounts”. In the $200 million purchase of Asset Acceptance, Encore is adding millions more in receivables to its portfolio, claimed from financially distressed consumers. Encore Capital,…

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Payday Lenders Using Rent-A-Tribe Scam Enjoy Sovereign Protection from Law Suits and State Oversight

By K&S on March 1st, 2013 | No Comments

Posted in: Debt Scams
Tags: , , ,

A report by the Center for Public Integrity, says that Internet-based payday lenders operating in California, New Mexico, West Virginia and Colorado are claiming to be “tribal enterprises” of Native Americans, providing them certain benefits of sovereignty, including immunity from lawsuits and state oversight. But one sensational case in Kansas is gaining media attention and…

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