Tag: Credit and Finance

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The FTC held the third in a series of three Roundtable Discussions on Protecting Consumers in Debt Collection Litigation and Arbitration. Previous Roundtables were held in Chicago and San Francisco. These events examine consumer protection issues in debt collection proceedings...
The Federal Trade Commission will host a day-long public workshop to consider the impact of technological advances on the consumer debt collection system. The workshop will explore how changing technology affects the ways in which debt collectors communicate with consumers and obtain...
The Federal Trade Commission will host a day-long public forum in Washington, D.C. to examine telephone bill cramming and explore possible solutions to reduce unauthorized third-party billing on telephone bills. The forum will focus on how the government, businesses, and...
The Federal Trade Commission is holding a series of roundtable events and requesting public comment to gather information on possible consumer protection issues that may arise in the sale, financing or lease of motor vehicles. The first event took place in Detroit, Michigan on April...
The Federal Trade Commission hosted a workshop to examine the use of mobile payments in the marketplace and how this emerging technology impacts consumers. This event brought together consumer advocates, industry representatives, government regulators, technologists, and academics to...
The Federal Trade Commission hosted a roundtable to examine unauthorized third-party charges on mobile phone bills—a practice known as “mobile cramming.”  The roundtable brought together consumer advocates, industry representatives, and government regulators to explore various issues...
After allegedly misleading consumers into paying unnecessary fees and falsely threatening consumers with lawsuits, defendants in a debt collection operation have agreed to settle Federal Trade Commission charges.
A payment processor and two of its principals are banned from processing electronic payments under a settlement with the Federal Trade Commission, which resolves charges that they debited, or tried to debit, millions of dollars from tens of thousands of consumers’ bank accounts without their...
The Federal Trade Commission will host a roundtable on May 8, 2013, in Washington, D.C., to examine unauthorized third-party charges on mobile phone bills – a practice known as mobile cramming. The roundtable will bring together consumer advocates, industry representatives, and government...
As part of its efforts to ensure that consumers are protected in the growing mobile marketplace, the Federal Trade Commission issued a staff report today highlighting key issues facing consumers and companies as they adopt mobile payment services.  The report, titled “Paper, Plastic… or Mobile? An...
The Federal Trade Commission is cracking down on affiliate marketers that allegedly bombarded consumers with hundreds of millions of unwanted spam text messages in an effort to steer them towards deceptive websites falsely promising “free” gift cards.
The defendants behind an alleged mortgage relief scam have agreed to settle FTC charges that they deceived cash-strapped consumers into believing they could hold onto their homes and reduce their mortgage payments by either suing their mortgage lenders in so-called “mass joinder” lawsuits or...
The Federal Trade Commission will host a media availability Thursday, March 7 at 11:30 a.m. ET/10:30 a.m. CT at its Midwest Region Office in Chicago to announce a series of enforcement actions designed to protect consumers nationwide from a pervasive series of scams built on text messages. A call-...
Identity theft is once more the top complaint received by the Federal Trade Commission, which has released its 2012 annual report of complaints. 2012 marks the first year in which the FTC received more than 2 million complaints overall, and 369,132, or 18 percent, were related to identity theft....
At the Federal Trade Commission’ request, a federal court has temporarily halted an operation that allegedly used an intricate web of concealment to debit hundreds of thousands of consumers’ bank accounts and bill their credit cards more than $25 million without their consent. The court also froze...
Over the last year, the Federal Trade Commission has continued vigorously enforcing the Fair Debt Collection Practices Act by bringing or resolving seven debt collection cases, according to the agency's annual letter to the Consumer Financial Protection Bureau. The FTC shares federal jurisdiction...
A Federal Trade Commission study of the U.S. credit reporting industry found that five percent of consumers had errors on one of their three major credit reports that could lead to them paying more for products such as auto loans and insurance. Overall, the congressionally mandated study on credit...
The defendants behind an operation that allegedly preyed on vulnerable homeowners have agreed to settle Federal Trade Commission charges that they lured people into paying $1,995 or more by holding out bogus promises that they could help them avoid foreclosure and renegotiate their mortgages.

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