Grand Rapids, MI (November 29, 2011) – The following statistics are provided to the ARM industry courtesy of WebRecon LLC. FDCPA and Other Consumer Lawsuit Statistics, November 1-15,  2011 There were about 536 lawsuits filed under consumer statutes in the first half of November 2011. Here is an approximate breakdown: 472 FDCPA 84 FCRA 11 [Read Full Story]

Are you tired of getting sued by consumer attorneys that make huge profits targeting collection agencies and law firms on frivolous law suits all of the time? Want to cut your total yearly lawsuits by 80%? Google your company’s phone number and you’ll be shocked at what you see. Numerous message boards such as 800notes [Read Full Story]

Here is a great article posted by Collection Recon we just had to repost. The FTC Recieved More Than 140,000 Complaints About Debt Collectors In 2010 COLORADO SPRINGS, Colo. — The Federal Trade Commission has seen a steady increase in complaints concerning debt collectors. In 2010 the FTC received more than 140,000 calls concerning the [Read Full Story]

A Nevada County civil jury ruled against the former owner of a local collections agency, awarding one of its clients more than $1 million in damages. Fischer Towing first filed suit against MGM Collections in 2008; the suit, which eventually was amended to add owner Debra Newby after the corporation filed for bankruptcy, recently ended [Read Full Story]

One of the defendants Hilco sued in Maryland was Wayne Bradshaw, who responded by filing the subject class action on behalf of all Maryland consumer debtors who had been contacted by Hilco in the three years prior to the Bradshaw complaint.3 Bradshaw contended on behalf of the class that, by filing suit against Maryland debtors, [Read Full Story]