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• With Congress looming, lenders cut sweet deals

  Created: Wednesday, 15 July 2009 21:47

  The Treasury Department asked Capitol Hill Tuesday to overhaul regulation of the credit industry, saying the current system is 'designed to fail.' By Patrik Jonsson  |  Staff writer/ July 14, 2009 edition AtlantaThe Obama administration continued its ...

• Attorney General Announces Mortgage Fraud Lawsuits

  Created: Wednesday, 15 July 2009 21:40

  10 Defendants Charged in Two Separate Loan Modification Cases TRENTON - Continuing the State’s effort to combat mortgage-related fraud, Attorney General Anne Milgram announced today the filing of two new lawsuits charging a total of 10 individual and c...

• Credit card debts forgiven in fraud case

  Created: Wednesday, 15 July 2009 19:48

  By Jeff Gelles INQUIRER STAFF WRITERJPMorgan Chase, the nation's largest credit-card issuer, has agreed to forgive the debts of 13,000 cardholders who it says were defrauded by a group of Florida-based debt-settlement companies that promised to rescue the...

• Koster testifies in D.C. over credit fraud

  Created: Wednesday, 15 July 2009 19:46

    Posted By Jason Rosenbaum   Attorney General Chris Koster was in Washington, D.C. today testifying before the Senate Commerce Committee.The first-term Democratic official was talking about the explosion of “companies and individuals who specialize ...

• Missouri attorney general gives suggestions to U.S. Senate

  Created: Wednesday, 15 July 2009 08:56

  By Mallory McGowinTuesday, July 14, 2009 at 5:57 p.m.In tough economic times, scammers often take advantage of people looking to get out of debt and to save their homes from foreclosure. Missouri Attorney General Chris Koster Tuesday morning brought that ...

• ATTORNEY GENERAL SWANSON SUES NATIONAL ARBITRATION COMPANY FOR DECEPTIVE PRACTICES

  Created: Wednesday, 15 July 2009 08:15

  Company Is Listed In Millions of Fine Print Consumer Contracts Nationwide Minnesota Attorney General Lori Swanson today filed a lawsuit against the National Arbitration Forum of Minnesota--the largest arbitration company in the country for consumer cr...

• Koster to testify about mortgage scams

  Created: Tuesday, 14 July 2009 08:43

  St. Louis Business Journal Missouri Attorney General Chris Koster plans to testify Tuesday before the U.S. Senate Commerce Committee on the increase in mortgage-rescue and debt-settlement fraud in the state.Koster said Monday he plans to tell senators th...

• Metro Residents Receiving Deceptive Debt Letter

  Created: Monday, 13 July 2009 22:39

  By Amy Lester, NEWS 9OKLAHOMA CITY -- Consumer credit counselors are trying to warn metro residents about a debt letter arriving in the mail.The letter says it's from the National Debt Relief Program. Some say it looks like it's from the government, but i...

• King hoping for permanent decision against debt settlement provider

  Created: Monday, 13 July 2009 19:29

  BY ASHLEY STINNETT KingMONTGOMERY, Ala. (Legal Newsline) - Alabama Attorney General Troy King and the Alabama Securities Commission are awaiting a judge's ruling in a suit that alleges a debt settlement scheme involving over 15,000 customers. ...

• Nixon vetoes bill placing restrictions on debt settlement companies; claims bill isn't tough enough

  Created: Monday, 13 July 2009 19:27

   Gov. Jay Nixon also vetoed a bill Monday (SB 216) that would have placed new restrictions on debt settlement companies -- the people who offer to help consumers negotiate their indebtedness for a fee. ...

• Debt collectors oppose call for dunning laws

  Created: Monday, 13 July 2009 12:24

   By INDERIA SAUNDERS ~ Guardian Business Reporter ~ inderia@nasguard.com: A local collections agency asserts aggressive collection efforts are needed in an economy saddled with a 600-percent increase in delinquent accounts — his comments flying in the ...

• Lawsuit: 3 debt relief firms operated illegally

  Created: Monday, 13 July 2009 12:14

  BY JENNIFER TORLINEThe Wichita EagleA Kansas family who sought debt relief is suing three companies, claiming they have operated in Kansas illegally....

• Bill would regulate debt-settlement industry

  Created: Sunday, 12 July 2009 15:22

  Kathleen PenderSunday, July 12, 2009 A state bill to regulate the burgeoning debt-settlement industry in California is moving closer to passage.Sponsored by Assemblyman Ted Lieu, D-Torrance (Los Angeles County), AB350 is supported by the industry's two m...

• Callers Threatened With Charges, Jail Time

  Created: Saturday, 11 July 2009 09:32

  DA Warns Of 'Debt Collector Scam'Lane Lyon, 7NEWS Reporter DENVER -- Pay up or be arrested. That’s the bottom line message at least two people in the Denver metro area said they got after talking to people claiming to be debt collectors. Now law enforc...

• 4 alternatives to payday lending

  Created: Friday, 10 July 2009 21:17

  By Nancy Mann Jackson • Bankrate.com The recession drags on, and many consumers facing financial emergencies are looking for quick cash. For years, payday lending -- in which borrowers get small loans to tide them over until the next payday -- has been...

• With experience you'll find jobs, recruiters at fair say

  Created: Friday, 10 July 2009 21:11

  By MICHAEL SASSO | The Tampa Tribune Published: July 10, 2009TAMPA - Three months ago, Linda Valenzuela was a department manager at the Lowe's home improvement store in Brandon. But after a layoff and rounds of fruitless job searching, the mother of thre...

• Credit-Card Company Cutbacks Might Be a Good Thing

  Created: Friday, 10 July 2009 21:07

  Dunstan PrialFOXBusinessAny high school football coach worth his salt knows the expression “No pain, no gain.”Maybe that will emerge as the moral of this whole global credit mess, a self-inflicted crisis caused essentially by lenders who, for a while ...

• State sues Montgomery attorney for running debt settlement 'scheme'

  Created: Friday, 10 July 2009 19:04

  Birmingham Business Journal - by Haley Aaron Staff The state Attorney General’s Office and the Alabama Securities Commission have filed a complaint against a Montgomery-area attorney for allegedly selling a risky debt restructuring plan to about 15,000...

• State investigates debt payment company

  Created: Friday, 10 July 2009 10:08

  By Marty Roney • mroney@gannett.com • July 10, 2009 PRATTVILLE -- The Alabama Securities Commission and the attorney general's office are investigating a debt payment company based in Prattville for alleged deceptive trade practices and operating with...

• Under fire, ‘debt settlement firms’ turn to K Street

  Created: Thursday, 09 July 2009 18:02

  By Silla Brush Posted: 07/09/09 05:52 PM [ET] A small but controversial part of the financial industry that claims to lower consumers’ debt is hiring its first Washington lobbyists just as some of its biggest firms come under fire from state officials a...