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  • 21 FAQ's about "Account Stated"| A Legal Guide in Debt Collection Law
    21 FAQ's about "Account Stated"| A Legal Guide in Debt Collection Law

    1) Account Stated is a “cause of action.” What is a cause of action? A cause of action has two definitions: noun. A condition under which one party would be entitled to sue another. noun. A set of ...

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  • 5 Ways the C.A.R.D. Act is Helping Consumers of Credit
    5 Ways the C.A.R.D. Act is Helping Consumers of Credit

    On May 22, 2009, President Barack Obama signed the Credit Card Accountability, Responsibility and Disclosure Act into law. Since then, consumers have saved over 12 billion dollars, below are five ways ...

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  • Top Ten Consumer Frauds of 2015
    Top Ten Consumer Frauds of 2015

    The NY Attorney General published a press release listing the following top ten consumer frauds: Internet scams (i.e. privacy; consumer frauds) Automobile (i.e. buying; rental) Consumer-related ...

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  • American Express must pay $112 Million in Penalties
    American Express must pay $112 Million in Penalties

    Four separate federal enforcement agencies working together have concluded that American Express committed a host of compliance violations, going all the way back to 2003. The Consumer Financial ...

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  • Judge dismisses American Express complaint after finding American Express offered "robo-testimony" at trial
    Judge dismisses American Express complaint after finding American Express offered "robo-testimony" at trial

    In this case, captioned American Express Bank v. Tancreto [1] , American Express Bank, F.S.B. brought causes of action for breach of contract and account stated to collect on a credit card issued to ...

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