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	<title>Consumer Litigation Group</title>
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		<title>Senate Moves to Severely Restrict Payday Loans</title>
		<description><![CDATA[Seeking to extend protections afforded to military service members, the Senate could be poised to restrict payday loans for other consumers.  The introduced bill, Protecting Consumers from Unreasonable Credit Rates Act, seeks to limit interest rates charged at 36%. If passed it would amend the Truth in Lending Act (TILA) and provide a national usury [...]]]></description>
		<link>http://www.consumerlitigators.com/3283/consumer-news/senate-moves-to-severely-restrict-payday-loans/</link>
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	<item>
		<title>DoE Signals that It is Almost Ready to Collect $600 Million in Defaulted Student Loans</title>
		<description><![CDATA[Students who borrowed under federal student loan programs and who subsequently defaulted on their loans are about to experience the power of federal government debt collection. In late 2011, the US Department of Education (“DoE”) intended to receive $1.1 billion in defaulted student loans as the guarantor of last resort from lenders, guarantors, and servicers [...]]]></description>
		<link>http://www.consumerlitigators.com/3259/consumer-news/doe-signals-that-it-is-almost-ready-to-collect-600-million-in-defaulted-student-loans/</link>
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		<title>Lingering Economic Malaise Means Expansion for PRA</title>
		<description><![CDATA[Portfolio Recovery Associates LLC, a subsidiary of the publicly-traded Portfolio Recovery Associates, Inc., is a debt collection agency that trades in the junk debt markets.  It purchases old, defaulted consumer debts from credit card companies, car finance companies, and others often for just pennies on the dollar.  It is a competitor of Asset Acceptance, LLC, [...]]]></description>
		<link>http://www.consumerlitigators.com/3227/consumer-news/lingering-economic-malaise-means-expansion-for-pra/</link>
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		<title>Annuities Are Partially Protected Against Creditor Garnishment in New Jersey</title>
		<description><![CDATA[Sometimes a New Jersey consumer may give a sum of money to an insurance company or other entity in exchange for a promised stream of income usually paid monthly (an annuity contract).  Other times, an insurance company is given a sum of money on behalf of a consumer to compensate for a personal injury.  In [...]]]></description>
		<link>http://www.consumerlitigators.com/3197/debt-defense/annuities-are-partially-protected-against-creditor-garnishment-in-new-jersey/</link>
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		<title>Asset Acceptance Pays Nearly 3 Cents Per Dollar to Control $2 Billion in Consumer Debt</title>
		<description><![CDATA[Asset Acceptance Capital Corp. (NASDAQ: AACC), the parent company of the increasingly familiar “Asset Acceptance, LLC,” is a publicly-traded junk debt buyer located in Warren, Michigan.  Through its predecessors, it has been in existence in one form or another since 1962.  Asset Acceptance is one of the few debt collection agencies where ownership can be [...]]]></description>
		<link>http://www.consumerlitigators.com/2918/consumer-news/asset-acceptance-pays-nearly-3-cents-per-dollar-to-control-2-billion-in-consumer-debt/</link>
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		<title>Consumer Federation of America Publishes Report Concerning Fraud and Debt Collection Abuses</title>
		<description><![CDATA[Confirming other recent surveys, studies, and reports, Consumer Federation of America (CFA) publishes a report that reflects the growing epidemic of fraud in the U.S. and from overseas.  Debt collection, too, also ranks very high as a source of consumer complaints. In the early part of 2012, CFA contacted state, county, and municipal consumer protection [...]]]></description>
		<link>http://www.consumerlitigators.com/2877/consumer-news/consumer-federation-of-america-publishes-report-concerning-fraud-and-debt-collection-abuses/</link>
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		<title>Government Accuses National Credit Adjusters of Collecting Usurious and Invalid Payday Loans</title>
		<description><![CDATA[National Credit Adjusters, LLC is a national “debt clearinghouse” that purchases defaulted payday loans.  Grabbing payday loans from all over the nation, National Credit Adjusters attempts to collect them in the respective states.  The payday loans associated with Arkansan consumers contain usurious interest rates that are unlawful pursuant to Arkansan law. Arkansas Sues National Credit [...]]]></description>
		<link>http://www.consumerlitigators.com/2833/consumer-news/government-accuses-national-credit-adjusters-of-collecting-usurious-and-invalid-payday-loans/</link>
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		<title>Asset Acceptance Calls a Consumer a Fat Motherfucker While Trying to Collect Debt NJ Plaintiff Says</title>
		<description><![CDATA[Asset Acceptance to be judged by a jury. The Take-Away Dopey Asset Acceptance, a debt collector, cannot hide behind procedure to exclude from evidence a voicemail that captured it accusing a consumer of being a “fat motherfucker.” Alleged Facts A consumer filed a lawsuit in the federal court of New Jersey alleging that Asset Acceptance [...]]]></description>
		<link>http://www.consumerlitigators.com/2812/consumer-case-law/asset-acceptance-calls-a-consumer-a-fat-motherfucker-while-trying-to-collect-debt-nj-plaintiff-says/</link>
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		<title>In Introducing EDCAA, the Senate’s Funnyman Al Franken Sees No Humor in Debt Collection Abuses</title>
		<description><![CDATA[Sen. Al Franken (D-MN), a Saturday Night Live sketch comedian (think “Daily Affirmation with Stuart Smalley”), writer, actor, and author, recently introduced legislation in the U.S. Senate to tighten and modernize the nation’s Fair Debt Collection Practices Act (FDCPA).  The FDCPA attempts to regulate what and how debt collectors can attempt to collect consumers debts.  [...]]]></description>
		<link>http://www.consumerlitigators.com/2742/consumer-news/in-introducing-the-edcaa-the-senates-funnyman-al-franken-sees-no-humor-in-debt-collection-abuses/</link>
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		<title>FDCPA Court Permits Consumer to Admit Into Evidence a Settlement Payment to End a Time-Barred Collection Suit Against Stock &amp; Grimes</title>
		<description><![CDATA[Hamid v. Stock &#38; Grimes.  In this consumer protection matter, a Pennsylvania consumer sued Stock &#38; Grimes, LLP, a debt collection law firm, under the Fair Debt Collection Practices Act (FDCPA).  She sued Stock &#38; Grimes for having first sued her in a state-court debt collection action.  She defended against the collection action claiming that [...]]]></description>
		<link>http://www.consumerlitigators.com/2698/consumer-case-law/fdcpa-court-permits-consumer-to-admit-into-evidence-a-settlement-payment-to-end-a-time-barred-collection-suit-against-stock-grimes/</link>
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