Washington State Governor Gregoire signed a new law today that restricts check cashers’ and payday lenders’ ability to collect on consumer debts. Payday Loans have gotten a lot of attention in the Washington Legislature this month, but this bill is very interesting in its definition of “harassment.”
This bill has some relatively benign elements, such [...]
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While the IRS has stopped working with private collectors, many local District Attorney’s offices have not. A company called American Corrective Counseling Services provides for-profit services to local District Attorney’s offices, including Los Angeles County. The company sends out letters on District Attorney’s letterhead threatening prosecution and jail time for writing bad checks, [...]
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In a very disturbing case, the 7th Circuit has ruled in favor of debt buyers by upholding a lower court decision that MCM Capital Group did not violate the Fair Debt Collections Practices Act (FDCPA). In Wahl vs. Midland Credit Management, the court decided that by referencing the total amount of debt purchased as [...]
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Today, the New York Times has an article about collecting debts from deceased people.
The article features DCM Services of Minneapolis and includes an interview with their CEO. DCM Services offers free yoga classes and massages to their collectors. I suppose after selling your soul all day collecting from the relatives of recently deceased, [...]
