Consumer Rights

Lawsuit against Debt Collection Ring Moves Forward as Class Action

Judge Denny Chin granted class action status in a case brought on behalf of more than 100,000 New Yorkers harmed by a massive consumer debt collection scheme. The suit charges that a debt collection ring engaged in persistent robo-signing and conspired to defraud New Yorkers of millions of dollars in violation of federal racketerring and …

Carolyn E. Coffey to Receive NYCLA Public Service Award

Carolyn E. Coffey, supervising attorney of MFY’s Consumer Rights Project, will receive the New York County Lawyers’ Association’s Public Service Award at a ceremony on September 12, 2012.  Ms. Coffey has played a leading role in winning greater protections for New Yorkers against improper debt collection practices and led the effort to tighten regulations on …

MFY Urges Greater Federal Protections for Low-Income Consumers

In written testimony to the federal Bureau of Consumer Financial Protection, MFY urged the agency to apply the protections provided under Regulation E to all GPR prepaid cards, to require easy-to-read fee disclosures, to prohibit overdraft fees and credit features, to prohibit deceptive claims about building credit, and to eliminate pre-dispute arbitration clauses.