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Jan 13, 2022 · The CFPB alleges that both debt collectors who collected debts on the Corporate Defendants’ behalf and debt collectors to whom the Corporate Defendants sold debts used deceptive collection tactics, including false threats of lawsuits, arrest, and jail, and false statements about credit reporting.
- Collecting Bad Debts
- Illegal Litigation Practices
- Other Illegal Collection Practices
- Enforcement Action
Encore and Portfolio Recovery Associates illegally attempted to collect debt that they knew, or should have known, may have been inaccurate or unenforceable. Specifically, the CFPB found that the companies: 1. Attempted to collect on unsubstantiated or inaccurate debt:Encore and Portfolio Recovery Associates stated incorrect balances, interest rate...
Encore and Portfolio Recovery Associates collected debts through lawsuits and threats of legal action in unlawful ways. Specifically, the companies: 1. Misrepresented their intention to prove debts they sued consumers over:Encore and Portfolio Recovery Associates regularly attempted to collect on debts by suing consumers in state courts across the ...
Encore disregarded or failed to adequately investigate consumers’ disputes:If a consumer disputed their debt more than 45 days after Encore started collecting, Encore would require the consumer to...
Pursuant to the Dodd-Frank Act, the CFPB has the authority to take action against institutions or individuals engaging in unfair, deceptive, or abusive acts or practices or that otherwise violate federal consumer financial laws. Under the terms of the CFPB orders released today, Encore and Portfolio Recovery Associates are required to: 1. Stop rese...
alleging Consumer Financial Protection Act and Fair Debt Collection Practices Act violations based on a handful of unverified consumer complaints dating back to 2015. The lawsuit names three debt buyers,
Aug 17, 2021 · The Consumer Financial Protection Bureau (CFPB) yesterday filed a proposed settlement to resolve a lawsuit against a debt collection enterprise and its owner.
Aug 28, 2024 · On January 10, 2024, the Consumer Financial Protection Bureau, and the States of New York, Colorado, Delaware, Illinois, Minnesota, North Carolina, and Wisconsin (“Plaintiffs”) filed a lawsuit against the following parties: Defendants: BCF Capital, LLC. Bedrock Client Services, LLC.
Sep 12, 2023 · A Cook County judge won’t end a lawsuit from Chicago City Hall accusing a law firm and its contractor of operating a debt resolution scam, as the judge says the city's consumer fraud action doesn't amount to illegal attempts to regulate the practice of law.
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) announced today that it has filed a lawsuit against the ringleaders of a robo-call phantom debt collection operation, their companies, and their service providers.
