Bill Bartmann is the CEO of debt advisory firm, Bartmann Enterprises, and the CEO of CFS II, a debt collection company. Bartmann is the author of Bailout Riches! How Everyday Investors Can Make a Fortune Buying Bad Loans for Pennies on the Dollar. His recently published book, Out of Control: Cases of Debt-Collection Abuse in America and What We Can Do About It, documents clear patterns of abusive tactics used by unethical collectors. The Bartmann Ethical Debt Collection Practices Act (SB 1430) is currently under review in the Oklahoma House of Representatives. The legislation has already passed the Oklahoma Senate and it comes following a wave of scandals that illustrate the need for reform in the debt collection and debt buyer industries.
At first blush, no nonprofit would say they wanted to become a debt collector. But it's a way for them to magnify their efforts and extend their outreach.
Banks should be terrified of RICO as their credit card robo-signing threatens to surpass a similar mortgage scandal.
Debt collectors are skulking around social media, looking at your pictures of that new speedboat. Unfriend!
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