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Midland Funding LLC in 2015 challenged the basic premise of the valid-when-made doctrine. Regarding Madden, the U.S. Court of Appeals for the Second Circuit ruled that Midland Funding, LLC, a third-party debt buyer, could be subject to state usury laws after purchasing a loan from Bank of America, a protected national bank. [10]
Midland Credit Management, Inc. is an American debt buyer and debt collection company headquartered in San Diego, California, and has offices throughout the United States as well as in India and Costa Rica. [1] It is a wholly owned subsidiary of Encore Capital Group (Nasdaq: ECPG). [2] It is one of the largest debt collectors in the United ...
Encore Capital Group's subsidiary company, Midland Credit Management, Inc., through which it purchases all of its debt, was founded in 1953 and was incorporated in Kansas in September 1953. In 1998, an investor group led by Nelson Peltz and Peter May and Kerry Packer of Consolidated Press International Holdings Limited, acquired a majority ...
Two Kentucky residents cheated borrowers and investors out of more than $3 million, a federal grand jury has charged. Mark Carroll, 47, of Lexington and Luke Curry, 36, of Bowling Green were ...
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U.S. Rep. Hal Rogers asked the U.S. Army Corps of Engineers to analyze flooding last month that killed more than 30 people.
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