Madgett Law Files Class Action Housing Discrimination Case

David J.S. Madgett, on behalf of a group of low-income tenants, filed a class action complaint in Hennepin County District Court alleging that Minneapolis based rental management company, Housing Hub, illegally transferred the cost of repairs required by the Section 8 Program to low-income residents. Shortly after required Section 8 inspections took place, low-income residents Read more about Madgett Law Files Class Action Housing Discrimination Case[…]

How to Spot a Fake Debt Collector

The way I make my living is by suing “legitimate” debt collectors. When I say legitimate, I mean companies that are (generally) attempting to collect debts they believe (whether correctly or not) to be owed by the consumer. However, I frequently hear from people who have been contacted (most frequently on the phone) by people Read more about How to Spot a Fake Debt Collector[…]

The CFPB cracks down on banks retaining funds for unpaid balances

Think twice about obtaining a credit card from your bank or credit union. While it may seem more convenient, obtaining a credit card underwritten or branded by your banking institution may present risks should you have an unexpected default. This is true because of a little known contractual term in almost all deposit account agreements. Read more about The CFPB cracks down on banks retaining funds for unpaid balances[…]

Large Consumer Lenders Increasing Capital Reserves

For the first time in years, consumer credit companies are increasing capital reserves. According to the Wall Street Journal, banks such as Wells Fargo, J.P. Morgan, Capital One, and Discover anticipate¬†increasing defaults in the consumer credit market. However, this news is not necessarily all doom and gloom from the consumer perspective. In an effort to Read more about Large Consumer Lenders Increasing Capital Reserves[…]

Bradstreet Judgments Vacated, but Consumers Don’t Get Money Back

When reports of Lori Swanson’s lawsuit against Bradstreet & Associates broke in January, it got loads of media coverage and confirmed many of the abuses of the debt buying industry. Since that time, there has been a near media black-out. It most cases, this wouldn’t be surprising; as I tell my clients, litigation is a Read more about Bradstreet Judgments Vacated, but Consumers Don’t Get Money Back[…]