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MHPC Settles Consumer Collection Class Action.

On November 5, 2008, Malkinson & Halpern, P.C. obtained preliminary federal court approval of a class action settlement on behalf consumer collection and federal student loan debtors whose debt payments were not timely credited by a collection law firm. The suit, brought against Teller Levit & Silvertrust, concerns more than 13 years of collection activities. Anyone whose consumer or student loan debts were collected upon by Teller at any time from May 31, 1995, to the present is eligible for benefits, including a cash payment of $58.50, plus interest. The settlement also provides for maintenance of a permanent injunction, directing the Teller firm as to the methods it must use in crediting class member payments and garnishments. For a copy of the Class Notice and Claim Form, click here.

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