Federal Government fines Portfolio Recovery Associates $8 million! After the 2008 financial crisis, Congress created the Consumer Financial Protection Bureau, as authorized by the Dodd–Frank Consumer Protection Act, as the only federal agency with the sole mission of protecting consumers in the financial marketplace. The Consumer Financial Protection Bureau (CFPB) is an independent agency of…
Federal Government Fines Midland Funding Millions of Dollars for False and Deceptive Collection Practices After the 2008 financial crisis, Congress created the CFPB as the only federal agency with the sole mission of protecting consumers in the financial marketplace. The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible…
United States Federal Court refuses to dismiss case against Midland Funding, LLC A consumer, represented by a consumer attorney, sued Midland Funding, LLC in the United States District Court, Northern District of Alabama, Southern Division, for unlawful collection activity in the case of Ferrell v. Midland Funding, LLC. 2:15-cv-00126JHE. The consumer, Ms. Ferrell, sued Midland…
Midland Funding and their attorneys fined for filing lawsuit without having documents to prove claim Midland Funding, LLC filed a lawsuit in the City Court of New York, Mount Vernon division, Midland Funding LLC v. Vivia Austinnam. #2959-13. Midland Funding, LLC claimed that they purchased a delinquent credit card debt from Bluestem Brands, Inc, that…
Consumer wins judgment against Portfolio Recovery Associates For $82 million! Two years ago a Kansas City woman, Marie Guadalupe Mejia Alcantara was sued by Portfolio Recovery Associates LLC for not paying a credit card debt that Portfolio claimed they had purchased. Portfolio Recovery Associates, LLC is a wholly owned subsidiary of PRA Group, Inc., which…
State of Arizona Fines Midland Funding $750,000 for Unlawful Collection Practices While Midland Funding, LLC is the “shell” that sues Arizona consumers, the actual collection operations, including collection lawsuits, is handled by Midland Credit Management, Inc. Midland Credit Management, Inc. has a 36,000 square foot operations center in Phoenix, which includes not only collection activity,…
Midland Funding, LLC loses Appeal on Issue of Their Proof of Debt The Appeals Court of Idaho, in the case of Midland Funding, LLC v. Stimpson, CV-14-830-C, ruled for the consumer. Mr. Barry Stimpson is overturning the trial court’s award of judgment to Midland Funding, LLC for a delinquent Capital One debt that Midland Funding…