Payday-loan mogul indicted for masterminding phantom debt scheme
Joel Tucker is the brother of Scott Tucker, who in January was sentenced to 16 years in prison for perpetrating an unrelated payday-loan scheme. ... Read full article
Joel Tucker is the brother of Scott Tucker, who in January was sentenced to 16 years in prison for perpetrating an unrelated payday-loan scheme. ... Read full article
The Great Recession, the CFPB's creation, the rise of debt buying, changes in the debt collection industry, and advances in data collection have encouraged more research recently into issues of access to justice in the context of consumer law and ... Read full article
The CFPB ordered Security Group Inc. to pay $5 million for making illegal threats, including that consumers could go to jail. ... Read full article
The Washington Post has an interesting piece about the coming of big data to the auto repossession world . But of particular note is the end of the article, wherein the repo man profiled says that he will return ransom the defaulted borrower's ... Read full article
The Eviction Lab , a project led by sociologist Matthew Desmond (author of Evicted ), have performed the invaluable and impressive task of gathering landlord-tenant eviction records from every county in the nation for the past 16 years. ... Read full article
As if the power to garnish wages without going to court, seize federal income tax refunds and charge 25% collection fees weren't enough, debt collectors have now persuaded the Education Department to free them from state consumer protection laws when ... Read full article
The current Consumer Bankruptcy Project (CBP)’s co-investigators (myself, Slipster Bob Lawless, and past Slipsters Katie Porter & Debb Thorne) just posted to SSRN our new article (forthcoming in Notre Dame Law Review ), Life in the Sweatbox . ... Read full article
Twelve senators have just written ... Read full article
I have a more refined piece on the problems with the Madden fix bills in the American Banker . See here for my previous thoughts. ... Read full article
It seems to me a sign of serious regulatory dysfunction when a government expressly uses bankruptcy law as a means of collection, rather than rescue or at least collective redress, with an aim to treating economic stagnation. ... Read full article
It was not at all surprising that, for his first (traditionally unanimous) opinion, in Henson v. ... Read full article
The Supreme Court got it right in Midland Funding LLC v. Johnson , which holds that it is not a violation of the Fair Debt Collection Practices Act to file a proof of claim in a Chapter 13 bankruptcy based on a debt whose statute of limitations has ... Read full article
On May 19, 2015, Clark County Collection Services, LLC ("CCCS"), a Nevada debt collector, obtained a default judgment in Nevada Justice Court against Patricia Arellano on an assigned medical claim of $371.89. Two months later, on July 27, ... Read full article
I'm trying something new this year. ... Read full article
The Center for Responsible Lending has produced a nice, new empirical paper reflecting on and refuting the notion that certain debt collection reforms restrict the flow of consumer credit. The analysis is careful and impressive, and the natural laboratory ... Read full article