Sometimes when I trace the ownership and corporate governance of a company that I believe is misbehaving, I discover it is actually part of another larger company with a more respected reputation. Relationships like this aren’t always easy to follow, connect or confirm.

Pioneer, proudly owned by Navient

I often wonder if something that I was told a long time ago is true: when it comes right down to it, the banks and major corporations all over the world are really controlled by about five families who own it all.

I am working on a case of Zombie debt where the debt collector has been kind enough to respond to letters and has provided all kinds of information in writing that illustrates their practices. The young woman being targeted is about 6 years out of college, and the debt seems to be connected to time period during college. They must believe she is more vulnerable to Continue reading →