A Free Pass From Washington For Debt Collection Attorneys On Misleading Consumers?

By: Robert J. Nahoum   U.S. Senator Pat Toomey (R-Pa.) introduced a bill, with bi-partisan support, that would exempt debt collection attorneys from compliance with federal debt collection laws known as the Fair Debt Collection Practices Act (FDCPA) during specific litigation related debt collection activities. Sen. Toomey’s bill would “amend the Fair Debt Collection Practices Act to preclude law firms and […]

The Law Offices of Robert J. Nahoum Convinces Eltman, Eltman & Cooper To Vacate a 17 Year Old Default Judgment

By: Robert J. Nahoum   We have noted a remarkable uptick in the assignments of judgments – a debt buying practice where debt buyers purchase portfolios of old default judgments which have lain dormant for years.  In particular, we have observed the infamous New York debt buyer Erin Capital Management and their affiliated law firm Eltman, Eltman & Cooper dusting off […]

Portfolio Recovery Associates and Sherman Financial Group Must Vacate And Stop Collection On $16 Million In Judgments

By: Robert J. Nahoum   New York Attorney General Eric T. Schneiderman announced on Thursday, May 8, 2014 that his office reached a settlement with two of the largest debt buyers in the U.S. – Portfolio Recovery Associates and Sherman Financial Group (bringing debt collection lawsuits as Resurgent Capital Services LP).  Under the terms of the settlement, Portfolio Recovery Associates and […]