March 05, 2019
Debt collection firm Midland Funding LLC and an affiliate have agreed to provide $9.25 million in balance reductions and $555,000 in cash to tens of thousands of New York borrowers as part of a deal settling a long-running class action that led to a high-profile Second Circuit decision widely seen as problematic for debt buyers, online lenders and others.
February 28, 2017
A federal judge in New York on Monday said that a lawsuit alleging major debt collection firm Midland Funding LLC violated the state's usury laws could move forward and granted class certification, meaning the closely watched litigation will have a long way to run.