On February 28, 2014, Encore Capital Group, the parent company of Midland Credit Management, Inc., and Midland Funding, LLC submitted a detailed letter brief to the Consumer Financial Protection Bureau (CFPB) in response to notice by the agency that it is considering additional rule making to protect consumers from larger participant collection agencies.

Of particular note, Encore submits to the CFPB that it does not charge collection fees or interest on “new accounts’ which it purchases. Hyde & Swigart regularly and routinely review collection lawsuits filed throughout California and Arizona, including those filed by Midland. If you are subject to any type of collection suit, especially by Midland or any Midland related entity, a review of the pleadings and facts surrounding the account are necessary to ensure compliance with state and federal laws, as well as all representations Encore has made to the CFPB.

A copy of the forty-two (42) page letter filed by Encore can be found below.