With huge numbers of students facing crushing debt and national student loans surpassing credit card debt, some lawyers have found a new niche: representing clients hounded by student loan creditors, debt collectors and loan servicers.
A loan modification company, aided by an attorney, has defrauded homeowners in 10 states of thousands of dollars, according to a new lawsuit filed in California state court.
WASHINGTON – In an effort to bring more transparency to the consumer data collection industry, the Federal Trade Commission has issued orders to nine data brokerage companies directing them to supply the agency with information about how they collect and use consumers’ personal records.
WASHINGTON – As a hurricane barreled toward the nation’s Mid-Atlantic region on Monday, the U.S. Supreme Court was the only government office open in Washington as the justices considered a copyright case that could have thunderous repercussions.
WASHINGTON – The U.S. Supreme Court’s ruling in Kirtsaeng v. John Wiley & Sons, Inc. could have a direct effect not only on copyright law, but also on consumers’ ability to do things as commonplace as hold garage sales, see works at a museum or buy and sell personal goods online.
WASHINGTON – At oral arguments Tuesday, the justices of the U.S. Supreme Court expressed skepticism that a “right to sue” provision in a federal consumer credit statute prevents credit card companies from enforcing mandatory pre-dispute arbitration clauses with its customers.
Franklin Circuit Judge Roger Crittenden has awarded $5.3 million in civil penalties against the pharmaceutical company AstraZeneca for violating Kentucky’s Consumer Protection Act.
Now that the National Arbitration Forum and the American Arbitration Association – the number one and number two players in consumer debt arbitration - are out of the game, where will all the cases go?
Click here to read a related article, “Arbitration awards across the country may be set aside”
In a stunning turn of events, the kingpin of consumer debt arbitration, the National Arbitration Forum, has been knocked out of the consumer debt business amidst allegations of consumer fraud, throwing into jeopardy hundreds of thousands of arbitration awards.