New York City Debt Collection Defense Attorney

Blog Posts in Asset Acceptance, LLC

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

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  • Oversight of Debt Collectors by CFPB to Start on January 2, 2013
    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
    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 what I ...

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  • FTC Steps Up Enforcement Against Midland Funding LLC, Asset Acceptance LLC, and other Debt Collectors
    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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  • Debt buyer, Asset Acceptance, LLC, to pay $2.5 settlement to Federal Trade Commission over allegations of collection misconduct (time-barred debts, misrepresentations, false credit reporting, contacting third parties)
    Debt buyer, Asset Acceptance, LLC, to pay $2.5 settlement to Federal Trade Commission over allegations of collection misconduct (time-barred debts, misrepresentations, false credit reporting, contacting third parties)

    Asset Acceptance, LLC is a massive, publicly traded debt-buying company that buys portfolios of charged-off debts and sues on them all over the country. The Federal Trade Commission came down on it ...

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