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Regulators try to stop unlawful nursing home debt collection

The Associated Press WASHINGTON — Nursing homes and debt collectors are flouting a law that prohibits them from requiring friends and family of care home residents to shoulder the costs of the facilities, according to a federal report issued Thursday. The Consumer Financial Protection Bureau said friends and family members have had to declare bankruptcy,… Continue reading Regulators try to stop unlawful nursing home debt collection

American Express Credit Card Lawsuit

Many original creditors do not file lawsuits or they sell their accounts to a debt buyer. Historically, American Express has not sold their defaulted credit card accouints to other debt collectors but has pursued them by filing collection lawsuits. American Express will usually rely on witness’ testimony in a “business records affidavit” when attempting to… Continue reading American Express Credit Card Lawsuit