Recent Posts in Asset Acceptance, LLC Category

Asset Acceptance Found Liable under FDCPA for Improperly Collecting Pre-judgment Interest

A hot issue in debt-collection litigation is whether debt buyers can charge pre-judgment interest. The answer depends upon the facts of your case, but it seems difficult for debt buyers to argue that ...
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Asset Acceptance Case Reversed on Appeal; Admissible Evidence of Credit Card Debt Not Submitted with its Summary Judgment Motion

Debt-buyer, Asset Acceptance, LLC, failed to "carry its evidentiary burden" to win a summary judgment motion involving an alleged Citibank credit card debt. A summary judgment motion is a ...
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Oversight of Debt Collectors by CFPB to Start on January 2, 2013

Beginning on January 2, 2013, supervision over debt collection agencies will fall under the auspices of the Consumer Financial Protection Board (CFPB), the pro-consumer agency that was established as ...
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The Langel Firm sues Fulton Friedman & Gullace for bringing an unfair and deceptive debt collection lawsuit

M.N. v. Fulton, Friedman & Gullace, LLP, 12-cv-4710, (S.D.N.Y. 2012) Rochester-based Fulton Friedman & Gullace, LLP will now face a federal lawsuit in the Southern District of New York for ...
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FTC Steps Up Enforcement Against Midland Funding LLC, Asset Acceptance LLC, and other Debt Collectors

The Federal Trade Commission (FTC) has released a report regarding its stepped-up FDCPA enforcement over the past year. The FTC is one of the federal agencies tasked with protecting consumers from ...
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Asset Acceptance reports loss

Happy National Consumer Protection Week! In honor of the thirteenth annual observation, you might want to check out the website for the newly established Consumer Financial Protection Bureau. Formed ...
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The Langel Firm settles $20,000 case with Asset Acceptance for $1.00 after vacating default judgment.

My Client was sued by Asset Acceptance, LLC for approximately $20,000 in July of 2009. After not appearing in court, a default judgment was entered against her for $20, 601. She retained me to ...
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