Generally speaking, class actions are tools that can be beneficial to consumers in many cases, particularly when individual claims are small or difficult. However, claims against Volkswagen may be large enough to justify individual treatment. In other words, some folks may be better served by excluding themselves from the class. Please contact us today. It’s important for you to know your rights before deciding whether to join any class action. Here is a video that explains the problem with the Volkswagen diesel cars.
Beginning in January 2014, new CFPB rules will provide homeowners and consumers shopping for a home mortgage new rights and greater protections from harmful practices. These rules will help eliminate or reduce the run around and painful surprises that have hurt so many homeowners after the financial crisis. To review a summary of these new rules, click the following link – 201312_cfpb_mortgagerules.
If you have any questions about these, please contact us to discuss.
There are new statutory protections in place that will further protect consumers in mortgage and debt collection matters. Read below for a general overview of these protections.
This month substantive amendments to regulations regarding mortgage servicing and foreclosures became effective. The banks fought these tooth and nail, but they are finally here. While amendments “tweaking” the regulations come down periodically, these are real changes that provide extra tools in helping homeowners fight foreclosure and fix servicing errors. For more information about these, contact our office.
Unsolicited Calls to Cell Phones
If a debt collector makes a call to a cell phone, they may be in violation of several federal statutes.
Identity Theft/Unauthorized Credit Card Charges
The well-publicized security breaches at Target and other retailers make identity theft, credit card disputes and credit reporting repair more relevant than ever.
The 11th Circuit Court has recently generated some surprisingly consumer-friendly decisions under the Fair Debt Collections Practices Act (FDCPA). This, together with tougher rules on calling cell phones, will make claims against aggressive debt collectors more viable. Also, the CFPB is due to issue new regulations under the FDCPA this year and this will likely improve the law in this area. The FDCPA is very good at solving problems and the statute is relatively user-friendly.
If you have experienced any problems that you believe are related to these areas, please contact our firm as we specialize in litigation under these statutes.