CFPB Takes Action Against Debt Collection Mill Forster & Garbus to Halt Junk Debt Collection Lawsuits

By: Robert J. Nahoum The Federal Consumer Financial Protection Bureau (CFPB) brought a court proceeding against prolific debt collection mill Forster & Garbus alleging that the law firm illegally sued consumers on behalf of big national banks including Citibank and Discover, among others. In an announcement by the CFPB, it was reported that “If approved by the court, the proposed […]

NY Bans Medical Debt Judgment Liens and Wage Garnishments

By: Robert J. Nahoum On November 23, 2022, New York Gov. Kathy Hochul signed legislation banning and wage garnishments and home judgment liens in medical-debt collection cases. No one should face the threat of losing their home or falling into further debt after seeking medical care, Governor Hochul said. “I’m proud to sign legislation today that will end this harmful […]

Debt Buyer Absolute Resolutions Filed 784 New York Debt Collection Cases In 2021

By: Robert J. Nahoum Absolute Resolutions Investments, LLC is a “junk debt buyerâ€, buying up portfolios of old debt from banks, credit card companies, hospitals, doctors, cell phone companies and car companies for pennies on the dollar. According to the New York State Unified Court System, Absolute Resolutions filed 784 New York debt collection lawsuits in 2021. While Absolute Resolutions […]

Debt Collection Law Firm Mullooly Jeffrey Rooney & Flynn LLP Filed 6,569 NY Debt Collection Cases In 2021

By: Robert J. Nahoum Debt collection law-firm Mullooly Jeffrey Rooney & Flynn represents creditors and junk debt buyers in debt collection cases throughout New York. According to the New York State Unified Court System, Mullooly Jeffrey Rooney & Flynn filed 6,569 New York debt collection lawsuits in 2021.   Drilling down on the numbers: 682 in the Bronx 1,298 in […]

Debt Collection Law-Firm Rubin & Rothman Filed Nearly 16,000 New York Debt Collection Cases In 2021

By: Robert J. Nahoum According to the New York State Unified Court System, as the Covid pandemic raged on, New York debt collection law-firm Rubin & Rothman filed 15,978 New York debt collection lawsuits in 2021 including 1,766 cases in the Bronx, 3.118 cases on Brooklyn, 1,449 cases in Nassau County, 3,234 cases in Queens and 2,063 cases in Suffolk […]

Infamous New York Debt Collection Law Firm Stephen Einstein & Associates, P.C. merges with Tromberg, Morris & Poulin, PLLC

By: Robert J. Nahoum The infamous New York debt collection law firm Stephen Einstein & Associates, P.C. has merged with industry competitor, national law firm Tromberg, Morris & Poulin, PLLC.  According to their websites: Stephen Einstein & Associates, P.C. was a relatively was a small player in the New York debt collection arena until it became the beneficiary of the […]