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Case ID: 3063 | Credit / Debt | 01/19/2004
A nationwide class action has been filed in New York against collection giant, Risk Management Alternatives, Inc. One of numerous class actions filed nationwide against the collection specialist, this action is brought on behalf of all U.S. residents who received a form type collection letter from Risk Management which demanded payment within 35 days to prevent reporting the debt to national credit reporting agencies. The action is brought under the federal Fair Debt Collection Practices Act and seeks statutory damages as well as injunctive and declaratory relief.
This case revolves around collection letters issued by the defendant in an effort to collect an alleged debt. According to the letter, consumers were given 35 days from the issue date of the letter to either make payment, or be reported to nationwide credit reporting agencies. Under the Fair Debt Collection Practices Act, it is required that a debtor be able to dispute the validity of a debt that is under collection. The consumers allege that the language of the collection letters had the effect of thwarting this requirement and intimidating
At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Credit / Debt Cases of Interest Auditing firms that don’t report accounting errors are in trouble these days. A class action has been filed against law firm Ernst & Young, LLP, on behalf of NextCard, Inc. shareholders who purchased NextCard securities between April 19, 2000, and October 30, 2001. The shareholders allege that the law firm, acting as NextCard’s auditor, actively participated in a scheme to defraud them in violation of federal securities laws. Lenders have to be very careful to correctly tell debtors their rights, or they will find themselves the subject of legal action. A class action has been filed against mortgage servicing company Fairbanks Capital Corporation on behalf of homeowners who allege that the company violated the federal Fair Debt Collection Practices Act and the Illinois Consumer Fraud Act when it allegedly attempted to foreclose on non-delinquent loans and failed to disclose certain information required by the acts. The action seeks unspecified damages, and an order that will force Fairbanks to stop its allegedly predatory lending practices. A class action lawsuit has been filed on behalf of Maryland residents who were charged a $5 fee in order to cash a paycheck issued by Bank of America NA at one of the bank's branches. The lawsuit contends that the bank's issuance of this fee is unfair and that the bank is deceitful in its failure to disclose the fee or to advise consumers as to how to avoid the fee. The lawsuit seeks a refund of the check cashing fees and other damages. A statewide class action has been filed in Pennsylvania against CRA Security Systems, Inc. and their parent company, Capital Recovery Associates, Inc. The action is brought on behalf of all Pennsylvania residents who received a form type collection letter demanding immediate payment of the consumers’ alleged debt. The action is brought under the federal Fair Debt Collection Practices Act and seeks statutory damages as well as injunctive and declaratory relief. Merchants Decry American Express Company's Use of Market Power to Muscle Into the Credit Card Market A company that has a great deal of power in one market should not be able to legally use that power to leverage its way into other markets--this is the heart of many antitrust actions. A class action has been filed against American Express Company on behalf of merchants who accept the company's charge cards, alleging that American Express uses its market power unlawfully to force class members to accept its credit cards at excessive rates in violation of federal antitrust laws.
A class action lawsuit has been filed in the Southern District Court of New York against JA Cambece, Esquire, a debt collection law firm in Peabury, Massachusetts, for violations of the Fair Debt Collection Act. Class members seek statutory damages, costs and attorney's fees. |
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