Posts from October 2014.
Posted in Data Breach
by David Smyth, Securities Enforcement Attorney
On October 31st, the Federal Trade Commission sued St. Petersburg, Florida-based debt broker Bayview Solutions and two of its principals for posting the debt portfolios of 28,000 consumers online, including their bank account numbers and other identifying information. The “facts” that follow come from the FTC’s complaint. They may not be true!
Bayview’s Business
Bayview buys and sells portfolios of charged-off consumer debt for eventual collection by third-party debt collectors. One means of its business is ... Read More
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