Peter: Right, right, okay. I would like to move ahead now to actually the full instance which includes type of been mentioned I think many throughout the last 12/18 months in this industry and that’s Madden vs. Midland. I simply would really like you to definitely just really quickly explain the situation. A lot of people know about this therefore I don’t wish to fork out a lot of the time onto it, but just what i want to explore is where we’re at today. We’re recording this on June tenth and I also understand it is a significantly fluid instance, but in the event that you could simply provide us with a small amount of back ground about this.
Brian: positively, so Saliha Madden is a customer from nyc, she took away a charge card with Bank of America, the card had been finally offered to an entity called FIS Card Services.
B of the and FIS are nationwide banking institutions. Ms. Madden defaulted on her behalf stability that was more or less $5,300 along with her account ended up being sold to Midland Funding that will be a collections company. Midland informed Ms.Madden that interest had been nevertheless due from the account in the exact exact same price at the rate that Bank of America had charged the girl that she accrued when she had the first bank card and they also continued to charge her.