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Ringleader of Student Loan Debt Relief Scam Settles with FTC
The Federal Trade Commission has announced a settlement with the final defendant and "ringleader" of a student loan debt relief scam that bilked consumers out of nearly $9 million that will see the individual permanently banned from the debt relief industry and required to turn over assets to satisfy a $7.4 million judgment. The Background: The defendants collected nearly $9…
Appeals Court Affirms Arbitration Ruling in FDCPA Class Action Against Debt Buyer
The Court of Appeals for the Ninth Circuit has upheld a lower court's order compelling arbitration in a Fair Debt Collection Practices Act class-action case, ruling that the defendant purchased the rights of the contract governing the underlying debt as well as purchasing the debt itself. The Background: The defendant purchased the underlying debt from the original creditor in 2015…
Appeals Court Affirms Ruling for Defendants in FDCPA Case
The Court of Appeals for the Third Circuit has upheld a summary judgment ruling in favor of the defendants in a Fair Debt Collection Practices Act case, ruling that the plaintiff's claims were outside the FDCPA's one year statute of limitations and his attempt to request verification of the debt "was untimely by many years." The Background: The plaintiff was…
Editor's Pick
Ed. Dept. Releases Student Loan Repayment Data
The Department of Education has released data regarding repayment trends following the…
Getting to Know
Ringleader of Student Loan Debt Relief Scam Settles with FTC
The Federal Trade Commission has announced a settlement with the final defendant…
Appeals Court Affirms Arbitration Ruling in FDCPA Class Action Against Debt Buyer
The Court of Appeals for the Ninth Circuit has upheld a lower…
Appeals Court Affirms Ruling for Defendants in FDCPA Case
The Court of Appeals for the Third Circuit has upheld a summary…
Suit Accuses Collector of Contacting Plaintiff’s Brother
EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon.…
Daily Digest – April 18. Getting to Know Eddie Antoniewicz of Royal Credit Union; Judge Dismisses FDCPA Suit Over Collection Disclaimer
Getting to Know Eddie Antoniewicz of Royal Credit Union Judge Dismisses FDCPA…
CFPB Fines Vocational School for Deceiving Students, Hiding Finance Charges
The Consumer Financial Protection Bureau yesterday announced an enforcement action against a…
David Williams Breaks Down Acquisition of RGS Financial
Having kicked the tires at about a dozen different companies during the past few years in considering acquisition targets, David Williams of Williams & Fudge knew he needed to find the right company to help grow his operation. And, as it turns out, the right target was one he had known for more than a decade. Last month, Williams & Fudge announced it was acquiring RGS Financial. David Williams, the president of Williams & Fudge, sat down with AccountsRecovery.net to discuss the acquisition, why diversification away from student loans was important for the company, and the importance of really getting to know the people involved on the other side of the table when making an acquisition. Watch the video to see everything David had to say.
