Foreclosures are down, but debt collection abuse is up!

This post comes to you on the Sunday before the national election for the United States president. Happy Halloween! Today we examine areas that are likely to impact many homeowners and consumers in the coming weeks and months: the CARES Act and debt collection. I’ve written earlier this year about forbearance with the CARES act…

Beware of Debt Collectors Going After Your CARES Act Payment

Americans desperately need the CARES Act payments for food, rent, utilities & healthcare. Debt collectors could grab the money. Congress forgot to add an exemption to these funds the way they do for other public disbursements such as Medicare. Protect your money from the debt collection industry. Denbeaux & Denbeaux has teamed up teaming up…

Pressler Sue You?

If you were sued by Pressler & Pressler you may have the opportunity to sue them for up to $1,000, plus any actual damages you have suffered. Federal law penalizes debt collectors such as Pressler & Pressler for violations of the Fair Debt Collection Practices Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act, which prohibits…

CFPB Proposes New Requirement on Debt Collectors

Recently, the Consumer Financial Protection Bureau(CFPB) released a report of proposed rules intended to clarify the scope of the Fair Debt Collection Practices Act, which in part governs the conduct of third party debt collectors. Buried in among the proposals is a potential game changing disclosure requirement mandating collectors to educate their consumer targets of…

Do I Have A Claim To Sue Pressler & Pressler?

If you feel that you have a claim against Pressler we will need certain information from you preferably before we actually speak: Is this A Class Action Suit? No. We are not engaged in a class action and we are certainly not defending a class against Pressler. We are pursuing individual claims arising out of bad faith collection…

Ever Have a Wells Fargo Escrow Account Servicing Complaint ?

Today we are reviewing Wells Fargo consumer complaint narrative Complaint ID 1805674 filed with the Consumer Financial Protection Bureau on February 26, 2016. This is an example of a possible loan servicing error involving payment to an escrow account for a FHA mortgage. This narrative shows the nature of a loan servicing problem and the level of…

CFPB Compliance Bulletin, In-Person Collection

Debt collection is big business.  According to the Federal Reserve Bank of New York, 15% of consumers have at least one debt in collections.  Third party debt collectors are constantly trying to come up with new ways to improve the rate of collections both in volume and in dollars recovered.  On December 16, 2015 the…