An investigation by Canada’s federal regulatory arm, Canadian Radio-television and Telecommunications Commission (CTRC), found one of the country’s largest debt collectors iQor Canada Ltd guilty of violating consumer rights. Chiefly iQor was accused of using robocalls in an attempt to reach consumers at all hours of the day and night, and not identifying on whose…
New report blames “Sewer Service,” “Robosigning,” and lack of legal representation Last month the New Economy Project (NEP), a New York-based non-profit advocacy group, released its report detailing abuses in New York courts that are to blame for overburdening the system and siphoning billions of dollars from the state’s low-income neighborhoods and communities. Chief among…
Study Shows Many Choosing to Pay Off Debts While Sacrificing Needed Health Care to Save Money A recent study conducted by sociologists at the University of Michigan found that people who are ill and do not seek treatment because of the cost are more likely to have credit card debt than any other form of…
Federal regulators are widening an investigation into whether the nation’s biggest banks used flawed documents and incomplete records to collect on delinquent credit card debts, according to four people familiar with the probe. The scope of the inquiry is unclear, but those familiar with it say the Office of the Comptroller of the Currency is…
After allegedly misleading consumers into paying unnecessary fees and falsely threatening consumers with lawsuits, defendants in a debt collection operation have agreed to settle Federal Trade Commission charges. The FTC alleged in its complaint that the defendants – a debt buyer and a debt collection law firm, both based in Mississippi – violated the FTC…
Debt collector horror stories abound: There are threats to dig up the dead relatives of those who couldn’t pay their funeral bills, promises to imprison debtors or take their children into custody — even warnings that pets will be killed. Under the Fair Debt Collection Practices Act, collectors are prohibited from threatening violence, using profane…
CreditLaw.com’s Craig Thor Kimmel tells veterans, military personnel and their families how to stop harassment by debt collectors on WVMW-FM’s “What Vets Need to Know.” Listen to learn how to protect yourself: What Vets Need to Know, Season 8, Show 19, February 05, 2013 – Debt Collection Harassment with Craig Thor Kimmel (Clicking the above…
Online scams are nothing new to internet users, but the next person you friend on Facebook may be no friend at all. It may be a debt collector using the access you grant them for a variety of undesirable or unlawful purposes such as posting defaming information on your wall to shame you into paying…
Consumer Attorney Craig Thor Kimmel, Founding Partner of CreditLaw.com, visited Good Day Philadelphia to discuss how consumers can battle harassing collection calls. Under the Fair Debt Collection Practices Act, consumers can get the collection calls to stop and possibly receive damages of up to $1,000.
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…
