Tennessee Attorney General Bob Cooper and acting director of the Division of Consumer Affairs Bill Giannini join the Consumer Financial Protection Bureau (CFPB) and 12 state attorneys general to announce a total of approximately $92 million in debt relief obtained for about 17,000 US soldiers and other consumers alleged to have been harmed by Colfax Capital Corporation and Culver Capital, LLC, also collectively known as "Rome Finance."
One hundred Tennessee soldiers once stationed at Ft. Campbell, KY, will receive the equivalent of $442,485 in debt forgiveness related to contracts Rome Finance offered to consumers purchasing computers, videogame consoles, televisions, or other products. These products were typically sold at mall kiosks near military bases with the promise of instant financing with no money down. In some cases, Rome Finance was the initial creditor, and in other cases, Rome Finance provided indirect financing by agreeing to buy the financing contracts from merchants who sold the goods...read the Rome Finance release.
If you purchased the memory storage component installed in most electronic devices known as Dynamic Random Access Memory (DRAM), you may be entitled to payments from a $310 million settlement fund. The deadline to file (August 1) is rapidly approaching, Tennessee Attorney General Bob Cooper reminds Tennesseans.
DRAM can be sold individually or preinstalled in computers, graphics cards, video game consoles, MP3 players, printers, PDAs, DVD players and digital video recorders. DRAM is a high density, low cost per bit, memory component that stores digital information and provides high-speed retrieval of data...read the DRAM release.
Tennessee Attorney General Bob Cooper today announced a proposed settlement of claims for monetary relief against Apple Inc. related to its participation in a price-fixing conspiracy in the market for E-books. The settlement agreement, which remains subject to approval by the U.S. District Court for the Southern District of New York, would resolve claims for consumer damages brought by Tennessee and 32 other states and territories...read the E-books release.
Tennessee Attorney General Bob Cooper is joining government agencies, advocacy organizations, and private sector groups to celebrate the second annual Military Consumer Protection Day, July 16, 2014.
"Servicemembers make incredible sacrifices for our country and it is only right that we protect these men and women from unscrupulous business practices here at home," said Attorney General Cooper. "I am confident efforts like Military Consumer Protection Day will raise awareness of the helpful resources and assistance available for servicemembers."...read the Military Consumer Protection Day release.
Tennessee Attorney General Bob Cooper today announced a $550 million joint state-federal settlement with mortgage lender and servicer SunTrust Mortgage Inc. to address mortgage origination, servicing, and foreclosure abuses.
The settlement with Tennessee and 48 other states, the District of Columbia, the U.S. Department of Justice (DOJ), the U.S. Department of Housing and Urban Development (HUD), and the Consumer Financial Protection Bureau (CFPB) provides direct payments to Tennessee borrowers for past foreclosure abuses, loan modifications, and other relief for borrowers in need of assistance, tough new mortgage servicing standards, and grants oversight authority to an independent monitor...read the SunTrust mortgage release.