The other shoe drops: allegations of robo-signing in credit card collections (courtesy of the AP and CNBC). If it is happening in assembly-line mortgage foreclosures, there is no reason to think it is not happening in other assembly-line debt collections.
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3 responses to “Another Robo-Signing Problem”
I’ve raised this issue a few times in State Court. Invariably the Judge asks me if my client will sign a declaration saying he did not use the credit card.
At that point it was always more cost effective to make a deal on the credit card or to file for bankruptcy.
A Chase whistleblower who recently settled with Chase details massive robosigning in credit card collections and worse: http://www.dailyfinance.com/2010/12/17/chase-sec-whistleblower-complaint-credit-card/
there is no reason to think it is not happening in other assembly-line debt collections.