Nice to see some of them finally getting some of their own back makes me very happy.
Apparently robo-signing might not be a practice reserved solely for the foreclosure crisis.
West Virgnia's attorney general is suing two units of a debt collection company, Encore Capital Group, alleging that they robo-signed affidavits when they were trying to get default judgments against West Virginia borrowers, according to Bloomberg. For their part, Encore officials said that the lawsuit came as a "surprise," according to the West Virginia Record.
As the economic downturn pushed more Americans deeper into debt, the debt collection industry has boomed, and the sector is coming under increased scrutiny. Consumer complaints to the Federal Trade Commission about debt collectors rose 17 percent in 2010, according to USA Today. The agency last year filed a complaint against another debt collection company, this one based in California, alleging it used aggressive tactics to get borrowers to pay up -- even when they didn't owe any money.
Yeah, these fuckers need to be fined out of existence and spend a few years talking to someone named Bubba, nightly.