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Posts Tagged ‘bad debt’

California’s New Fair Debt Buying Practices Act

California’s Fair Debt Buying Practices Act is now effective, as of January 1, 2014. It applies to any consumer debt sold or resold on or after January 1, 2014. The Fair Debt Buying Practices Act restricts the written statements debt buyers can make to consumers in attempting to collect a debt, and prohibits a debt…

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Caller ID “Spoofing” To Become Illegal

Well, it’s about time… In April 2010, the House passed the “Truth in Caller ID Act of 2010” (pdf). The bill, which passed the Senate last February, makes it illegal “to cause any caller ID service to transmit misleading or inaccurate caller ID information, with the intent to defraud or deceive.” Congress has been tooling…

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Chase Allegedly Fired Exec After Complaints

The article begins: “A former assistant vice president for JPMorgan Chase Bank in San Antonio claims in a lawsuit she was fired after she told her bosses the bank had misrepresented the value of thousands of delinquent credit card accounts slated to be sold.” Read more by clicking here. I will reserve comment since my…

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