Tag: Finance

Displaying 41 - 60 of 260 results.

U.S. District Judge Gloria M. Navarro handed the Federal Trade Commission a significant victory in its crackdown on deceptive payday lenders, affirming a magistrate judge’s finding that the defendants in its AMG Services case are within the reach of FTC enforcement actions, even if they are...
At the request of the Federal Trade Commission, a U.S. district court halted a debt collection operation that the agency charged with violating the Federal Trade Commission Act and the Fair Debt Collection Act by misrepresenting that they were with the government, falsely accusing consumers of...
The Federal Trade Commission filed an amicus brief in the U.S. Court of Appeals for the Sixth Circuit, arguing that a federal district court erroneously dismissed a consumer’s class action complaint against a debt collector. Filed in the U.S.
The Federal Trade Commission and East Bay Community Law Center invite you to attend a conference on Working Together to Advance Protections for Immigrant Consumers. The conference will bring together legal services lawyers, law enforcement attorneys, and consumer advocates from...
Over the last year, the Federal Trade Commission has continued aggressive enforcement of the Fair Debt Collection Practices Act by bringing or resolving nine debt collection cases, according to the agency’s annual summary of debt collection activities.
An administrator working for the Federal Trade Commission is mailing 8,352 checks averaging $91.14 each to consumers who were deceived into paying unnecessary “convenience fees” to Jacob Law Group, PLLC, on behalf of debt buyer Security Credit Services, LLC.
Following a public comment period, the Federal Trade Commission approved final consent orders settling charges that two automotive dealers deceptively advertised the cost or available discounts for their vehicles.
The South Florida-based defendants in an alleged mortgage relief scam will surrender their assets and be banned permanently from providing mortgage relief and debt relief services to consumers under a settlement with the Federal Trade Commission.  This settlement represents the FTC’s largest...
To learn more about the mobile payments industry and its effects on consumers, the FTC convened a workshop on April 26, 2012. For purposes of the workshop and this report, staff took a very broad view of mobile payments and included technologies and products in which a payment is...
Los demandados de dos presuntas estafas separadas han aceptado resolver los cargos presentados por la Comisión Federal de Comercio (FTC, por su sigla en inglés) y se les prohibirá proveer servicios de asistencia para deudores hipotecarios y de alivio de endeudamiento.
The defendants in two separate alleged scams have settled charges with the Federal Trade Commission and will be banned from providing mortgage- and debt-relief services.  The cases are part of the FTC’s continuing crackdown on scams targeting consumers in financial distress, including debt relief...
Economists at the Federal Trade Commission pursue the agency’s competition and consumer protection missions. In this year’s essay, with respect to antitrust we discuss the analysis that is used in two areas where the Commission has recently been active: physician combinations and...
The final six of 10 defendants named in an alleged “Rachel from Cardholder Services” scam have agreed to settle Federal Trade Commission charges that they misled consumers with bogus claims that they would lower their credit card interest rates.
The Federal Trade Commission is continuing its crackdown on payment processing operations that enable scam artists to charge consumer accounts despite signs of ongoing fraud and unauthorized transactions.  Today, the Commission announced a proposed settlement resolving allegations that a payment...
At the request of the Federal Trade Commission, a U.S. district court has halted an operation based in Atlanta and Cleveland that allegedly used deceptive and threatening tactics to collect phantom payday loan “debts” that consumers either did not owe, or did not owe to the defendants.  The court...
The Federal Trade Commission is mailing 38,631 refund checks to consumers who lost money to a catalog credit card operation that deceptively marketed its card, failed to honor its refund policy, and charged up-front fees for a guaranteed line of credit.
The Federal Trade Commission is mailing 134 refund checks to consumers who lost money to a phony debt relief services scam that claimed it would dramatically reduce consumers’ credit card interest rates.  The scam operated under several names, including “AFL Financial Services,” and contacted...
The Federal Trade Commission filed an amicus brief in the U.S. Court of Appeals for the Seventh Circuit supporting a class action lawsuit brought by consumers who are challenging a payday lender’s practice of requiring them to submit to arbitration at a Native American reservation in South Dakota.
A Glendale, California-based debt collector will pay $1 million dollars to settle Federal Trade Commission charges that the defendants violated federal law.  This is the first FTC action against a debt collector who used text messaging to attempt to collect debts in an unlawful manner. 
The Federal Trade Commission is mailing refund checks to consumers in America and Canada who were victimized by a fraudulent telemarketing operation that used pre-recorded calls, or robocalls, to pitch phony credit card interest rate reduction programs.

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