Texas Consumer Law & Debtor's Rights Blog » Archive
H&R Block loses tax refund loan banking partner | Business | Chron.com – Houston Chronicle
H&R Block loses tax refund loan banking partner | Business | Chron.com – Houston Chronicle. Scridb filter … Read entire article »
Filed under: Consumer Law, Consumer Lending, Featured, Predatory Lending, Recent Developments in Consumer Law
New Tactic for Some Debt Collection Firms
The Minnesota Star Tribune has written a very intriguing article regarding a new tactic by some debt collectors, having a warrant issued for the arrest of debtor for failure to comply with some court order. The link to the article is posted below. In my opinion, this is just another “distasteful” practice being employed by the debt collection industry. The article illustrates how debt collectors are attempting to use local law enforcement and courts to coerce debtors into payment of debts. Debtor’s prisons are unconstitutional and were abolished. However, debt collectors have found a subtle procedural avenue to skirt their way around this prohibition against debtor’s prisons. Technically, the debt collectors are not having debtors placed in jail for the debts per se. The debtors are being … Read entire article »
Filed under: Debt Collection Practices, Judgments & Liens, Recent Developments in Consumer Law
New York Judges Question Suits by Debt Collectors
Posted below is a very interesting article from the New York Times regarding debt collection lawsuits in the New York state court systems. The article is very revealing of the abusive and harassing practices of some debt collection law firms and debt buyers. More importantly, the article illustrates that at least some judges in New York are feed up with debt collectors filing lawsuits in which they know they will be unable to prove in court. They basically file these lawsuits in hopes of obtaining a default judgement or having a judge that is going to “rubber stamp” these type of debt collection lawsuits on behalf of the debt collector. The same type of activity goes on here right in the Great State of Texas. I hope that judges … Read entire article »
Filed under: Consumer Law, Debt Collection Practices, Featured, Recent Developments in Consumer Law
Default Judgments Can Allow Creditors to Collect Debt That Was Never Owed – News – ABA Journal
Default Judgments Can Allow Creditors to Collect Debt That Was Never Owed – News – ABA Journal. Scridb filter … Read entire article »
Filed under: Consumer Law, Debt Collection Practices, Judgments & Liens
Obama Administration Rethinks Policy to Prevent Foreclosures
Obama administration revises anti-foreclosure strategy – washingtonpost.com. Scridb filter … Read entire article »
Filed under: Consumer Law, Consumer Lending, Foreclosures, Recent Developments in Consumer Law
Fair Debt Collection Practices Act (FDCPA)
As we are all aware the economic downturn has affected a large number individuals across Texas, and throughout the country. People have become unemployed and unable to keep up with the bills that are piling up. Of course once you start to get behind on your payments, consumer debtors start to receive collection notices and calls from creditors. At some point, the original creditor may sale (assign) an unpaid debt to a third-party debt collector such as Unifund CCR Partners or Equable Ascent Financial, LLC. The third-party debt collector usually buys a portfolio of unpaid accounts receivables from the creditor for a pennies on the dollar. Thus, there is a huge profit that can be gained by debt collectors if they are able to collect on these consumer debts. However, sometimes debt collectors will engage in deceitful and … Read entire article »
Filed under: Debt Collection Practices, Fair Debt Collection Practices Act (FDCPA), Featured
Administration Makes Push for Consumer Agency – NYTimes.com
Administration Makes Push for Consumer Agency – NYTimes.com. Scridb filter … Read entire article »
Filed under: Consumer Law
Senate report links diabetes drug to heart attacks – CNN.com
Senate report links diabetes drug to heart attacks – CNN.com. Scridb filter … Read entire article »
Filed under: Consumer Law, Defective Products
Campaign builds to include new consumer protection agency in financial reform – washingtonpost.com
Recent Article in the Washington Post discussing the growing sentiment of consumer advocates regarding the need for consumer protection agency in the financial reform based by the U.S. House of Representatives and being debating currently in the U.S. Senate. Article also discusses how the banking industry and lobbyiest and trying to kill the bill by arguing the same old scare tactics that the banking industry always employs. The U.S. Senate can decide to side with American consumers or the banking industry that American taxpayers just bailed out! via Campaign builds to include new consumer protection agency in financial reform – washingtonpost.com. Scridb filter … Read entire article »
Filed under: Consumer Law, Recent Developments in Consumer Law
Financial Reform: Regulation of Predatory Lenders and Subprime Loans
Posted below is a powerpoint presentation outlining the need for proposed regulation of predatory lending and the subprime credit industry that I wrote back in 2006 during law school. The powerpoint presentation was part of a more comprehensive academic paper that I submitted regarding proposed legislation to allow states greater enforcement powers against predatory lenders and the subprime market. Recently, U.S. consumers and workers have seen the tremendous damage that can occur to our markets and overall economy when there is a lack of effective financial regulations to protect consumers. Of course back then, just like now, the banking and credit industries along with their lobbyists are doing everything they can to kill any legislation proposed by Congress to bring ”real” financial reform to the markets. It’s time that we stand up as Americans and put a stop to the deceptive trade practices and greed … Read entire article »
Filed under: Consumer Law, Consumer Lending, Predatory Lending
Consumer Law Policy Blog
- Does U.S. Farm Policy Help Drive the Obesity Epidemic? May 20, 2012
- Toxic Chemicals and Political Influence May 20, 2012
- President Obama on Efforts to Cripple and Roll Back Dodd-Frank May 20, 2012
Wall Street Journal Law Blog
- Feds Prevail in Spat with Former Acting Solicitor General May 20, 2012
- Dewey & LeBoeuf Readies Bankruptcy Filing May 18, 2012
- Watchdog Asks Judge to Uproot Pot Grower’s Bankruptcy May 18, 2012
- D.C. Circuit Rejects Challenge to Voting Rights Act May 18, 2012
- Lawyer Ads: Funny or Die? May 18, 2012
Houston Consumer Blog
- Best way to plant in small spaces April 11, 2012
- Get your bling on for the Houston Rodeo! February 24, 2012
- Find rodeo fashions for less February 16, 2012
Recent Comments
- Ralf Ochel on
"I bought a new house a few months ago. The house has a nice brick mailbox but t…" - Texas Attorney on
"Another shady practice and abuse of the legal system by debt collection firms.…" - d1ray on
"I have a case where I was deceived by an attorney and a contractor working toget…" - KEL Attorneys on
"Debt Collector Harassment - Know Your Rights... I found your a…" - Debt Collection Letter on
"This is an excellent summary of the effects of the Fair Credit Collections Pract…"