Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Midland Funding LLC
Current Parent Company: Encore Capital Group
Penalty: $9,805,000
Year: 2019
Date: September 10, 2019
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Midland Funding agreed to pay $555,000 in cash and provide over $9 million in balance reductions to settle litigation alleging it attempted to impose illegal interest rates on borrowers.
Level of Government: federal
Action Type: private litigation
Court: Southern District of New York
Civil or Criminal Case: civil
Case ID: 7:11cv8149
Case Name: In re Midland Funding LLC Interest Rate Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: debt recovery
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
Link to Archived Court Document:  subscribe to see this data field
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.