This article by the Jay Fleischman Law Center. Found it using tweetgrid from tweetgrid.com Cavalry Portfolio Services Punished For Trying To Collect From The Wrong People December 26, 2008 cavalryDebt collector Cavalry Portfolio Services, LLC was examined by the Arizona Department of Financial Institutions in 2007. Apparently a lot of consumers had complained that Cavalry was trying to collect on debts that were not theirs. Mistakes happen, of course. So the consumers told Cavalry that they had the wrong people and to stop calling. Unfortunately, Cavalry did not conduct an investigation of the claim of misidentification or the dispute and continued to assert that a debt was legitimate and continued to contact various alleged debtors without conducting such investigation. The Arizona Department of Financial Institutions filed a Cease and Desist Order against Cavalry in September 2008. And finally playing it smart and deciding that it was best to avoid losing their license to do business in Arizona, Cavalry took its lumps. The Arizona Department of Financial Institutions ordered that Cavalry immediately stop the violations of the Arizona law . . . and immediately pay to the Department a civil money penalty in the amount of fifteen thousand dollars ($15,000.00). Good work, Arizona!
