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CFPB claims debt collection firm Forster & Garbus robo-sued thousands on behalf of Citibank, Discover, others

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The Consumer Financial Protection Bureau (CFPB) said Friday (May 17) that it has filed a lawsuit in federal court against a debt-collection agency that, the agency said, violated the Fair Debt Collection Practices Act. The lawsuit targets Forster & Garbus, LLP, a debt-collection law firm based in New York.

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CFPB claims debt collection firm Forster & Garbus robo-sued thousands on behalf of Citibank, Discover, others – According to the CFPB, creditors and debt buyers refer credit card, auto loan, student loan, home equity loan debts. He is a graduate of University of North Texas..

The Consumer Financial Protection Bureau (CFPB) said Friday (May 17) that it has filed a lawsuit in federal court against a debt-collection agency that, the agency said, violated the Fair Debt Collection Practices Act. The lawsuit targets Forster & Garbus, LLP, a debt-collection law firm based in New York.

The CFPB on Friday filed suit against debt collection law firm Forster & Garbus, accusing the New York firm of filing thousands of debt collection lawsuits against borrowers despite allegedly conducting only superficial reviews of the relevant documents before deciding to sue.

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CFPB claims debt collection firm Forster & Garbus robo-sued thousands on behalf of Citibank, Discover, others This is a horrible practice for any business.. During the foreclosure crisis, a number of lenders, servicers, law firms, and others engaged in a practice where employees basically rubber-stamped thousands of foreclosure cases without.

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The suit also claims that the debt collector violated the bureau’s prohibition against deceptive acts and practices due to that lack of attorney involvement. The bureau is seeking an injunction against Forster & Garbus, as well as disgorgement of ill-gotten gains, restitution to harmed consumers and a civil monetary penalty.