NY AG

CFPB brings claim against former debt collection company executive and his family for allegedly seeking to fraudulently transfer assets to undermine earlier consent decree

By Elanor A. Mulhern on May 10, 2021

Posted in CFPB, Debt Collection, Litigation and Court Decisions

Recently, the CFPB and New York Attorney General filed a Complaint against Douglas MacKinnon and members of his immediate family to unwind the allegedly fraudulent conveyance of MacKinnon’s $1.6 million home made shortly after he learned his business practices were the subject of CFPB and NYAG investigations.

This Complaint follows a 2019 consent decree, in which MacKinnon was one of three defendants who had entered a stipulated final judgment with the CFPB and NYAG. … Continue Reading

CFPB and New York AG allege deceptive and harassing collection efforts in lawsuit against five debt collection companies and four individual owners and managers

By Ballard CFS Group on September 14, 2020

Posted in CFPB, Debt Collection, Litigation and Court Decisions

Last week the CFPB and New York Attorney General filed a lawsuit against five debt collection companies and four individuals who own and manage the companies. The complaint alleges the defendants used deceptive, harassing, and otherwise improper methods to induce consumers to make payments to them in violation of the Fair Debt Collection Practices Act (FDCPA) and the Consumer Financial Protection Act (CFPA).… Continue Reading