Firms Settle FTC’s First Case Against Car Title Lenders

Two car title lenders settled Federal Trade Commission charges requiring them to stop using deceptive advertising to market title loans. The complaints mark the first time the FTC has taken action against car title lenders. Collection & Credit Risk

By |2017-05-20T11:45:12-05:00January 31st, 2015|FDCPA|Comments Off on Firms Settle FTC’s First Case Against Car Title Lenders

Nine-Year Prison Sentence in First CFPB Criminal Case Referral

Michael Levitis, the owner of a New York debt settlement company, was sentenced to nine years in prison Wednesday after pleading guilty in a fraud scheme that law enforcement officials said victimized 1,200 people with false promises of relief from credit card companies and banks. Collection & Credit Risk

By |2014-11-23T06:16:53-06:00November 23rd, 2014|FDCPA|Comments Off on Nine-Year Prison Sentence in First CFPB Criminal Case Referral

Household Debt Down for First Time in a Year

U.S. consumer debt dropped in the last quarter for the first time in a year as mortgage originations fell to the lowest mark since 2000, according to the Federal Reserve Bank of New York's latest quarterly report. Collections - Other Consumer

By |2014-08-15T19:18:26-05:00August 15th, 2014|FDCPA|Comments Off on Household Debt Down for First Time in a Year

Arrow Global Reports Healthy First Quarter

Arrow Global, a United Kingdom-based buyer of delinquent debt from credit card companies and banks, reported strong Q1 collections on purchased loan portfolios. Collections - Credit Card

By |2014-05-22T12:16:22-05:00May 22nd, 2014|FDCPA|Comments Off on Arrow Global Reports Healthy First Quarter

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