Coordinators

Other Contributors

About Us

www.clpblog.org

The contributors to the Consumer Law & Policy blog are lawyers and law professors who practice, teach, or write about consumer law and policy. The blog is hosted by Public Citizen Litigation Group, but the views expressed here are solely those of the individual contributors (and don't necessarily reflect the views of institutions with which they are affiliated). To view the blog's policies, please click here.

« Elizabeth Warren Expected to Propose Bill to Give CFPB Power to Regulate Auto Dealer Lending | Main | Appellate court holds that debt collector's use of Ohio attorney general's letterhead violated FDCPA »

Monday, May 11, 2015

Comments

Edwin Bell

I posted this story yesterday from the New York Times. The problem with this is the banks admit ignoring the bankruptcy filings and selling the debt to JUNK DEBT BUYERS. The debts are now in the hands of criminal debt collectors who will claim the are an unrelated third party. The debt collectors will claim they have a right to collect the discharged debt from the bankruptcies. They do not have a right to collect. The banks are complicit in the crimes with knowledge. They sold the discharged debts knowing it was illegal to do so.

What about all the consumers who now have default judgments or summary judgments from the illegal bankruptcy debts? Will all of the judgments be reversed and overturned? Will the consumers who were damaged be made whole again? This is exactly the kind of organized crime that must be stopped.

The banks are playing games with consumers in making this announcement. The consumers will still be facing actions from criminal debt collection enterprises. The banks will claim they have no control over the JUNK DEBT BUYERS.

IT IS TIME FOR THE GOVERMENT TO STEP IN AND STOP ALL OF THIS ILLEGAL LITIGATION FOR BANKRUPTCY DEBT AND PAID IN FULL MORTGAGE NOTES MANY OF WHICH DERIVED OUT OF THE NATIONAL MORTGAGE SETTLEMENT AND THE INDEPENDENT FORECLOSURE REVIEW.

The nefarious actions by banks colluding with Debt collectors to extort money not owed goes on. This is not the end of the problems consumers face with these collections. Long after the banks clear their names from these bankruptcies consumers will be stuck in litigation attempting to clear their names.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name is required. Email address will not be displayed with the comment.)

Subscribe to CL&P

RSS/Atom Feed

To receive a daily email of Consumer Law & Policy content, enter your email address here:

Search CL&P Blog

Recent Posts

August 2017

Sun Mon Tue Wed Thu Fri Sat
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31