Government ActionsNew York v. Encore Capital GroupDate of Action: 1/6/2015The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.On January 9, 2015 New York Attorney General Schneiderman announced that his office has obtained a settlement from Encore Capital Group Inc, a major debt buyer, for bringing improper debt collection actions against thousands of New York consumers. His office alleged that for years, Encore sued New York consumers and obtained uncontested default judgments against consumers who failed to respond to the lawsuits, even though the underlying claims were untimely under New York law. Under the settlement, Encore will seek to vacate more than 4,500 improperly obtained judgments totaling nearly $18 million. Encore will also reform its debt collection practices and pay civil penalties and costs in the amount of $675,000.This action is final.Colorado Administrator v. Midland Credit Management, Inc.Date of Action: 12/19/2014The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.On February 2, 2015 the Administrator of the Colorado Fair Debt Collection Practices Act and Midland Credit Management, Inc., entered into a stipulation and Final Agency Order to resolve issues raised in the Administrator's investigation of the company for violations regarding a consumer complaint. The Order requires that Midland pay $23,000 to the Administrator. For more details go to https://www.ftc.gov/system/files/attachments/ ... actionlist1.pdfThis action is final.CFPB v. Encore Capital GroupDate of Action: 9/9/2015The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.On September 3, 2015 the business entered into a consent order with the Consumer Financial Protection Bureau. The Assurance settles allegations that the business bought debts that were inaccurate, lacked documentation,and unenforceable and collected payments from consumers using false statements and false court documents. Under terms of the Assurance, the business agreed to refund consumers $42 million, pay a $10 million penalty,and stop collecting over $125 million worth of debts. The Assurance was for settlement purposes only and should not be considered as an admission of guilt or finding of violation of the law. For more details go to http://www.consumerfinance.gov/newsroom/cfpb- ... llect-bad-debtsNew York Dept. of Consumer Affairs v. Midland Credit Management Inc.Date of Action: 4/3/2015The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below. On April 3, 2015 the business entered into a consent order with the New York City Department of Consumer Affairs. The Assurance settles allegations that the business filed robosigned affidavits in New York City court in their debt collection cases in pending legal actions in other jurisdictions. Under terms of the Assurance, the business agreed to completely settle, release and discharge all claims and any disputes and disagreements between Midland and the Department of Consumer Affairs in respect to Midland's business activities in New York City. The Assurance was for settlement purposes only and should not be considered as an admission of guilt or finding of violation of the law. For more details go to http://www1.nyc.gov/assets/dca/downloads/pdf/about/sa_Midland.pdf