Banking and Finance Law Daily Wrap Up, DEBT COLLECTION—CFPB claims United Holding knew of unlawful, deceptive debt collection practices, (Jan 11, 2022)

By Sherri M. Schroeder

The debt buyer is alleged to have known that its affiliates used false threats of suing, false statements about credit reporting, and false threats of arrest or jail to collect on unpaid debt from consumers.

The Consumer Financial Protection Bureau has sued United Holding Group (UHG), United Debt Holding (UDH), JTM Capital Manageme ...