Tag: Finance

Displaying 61 - 80 of 260 results.

The Federal Trade Commission has continued its crackdown on illegal robocallers, with two more companies agreeing to settle charges that they used prerecorded calls to trick consumers into deceptive credit card interest rate reduction scams.
The defendants behind an alleged credit card interest rate reduction scam are banned from selling debt relief services and from telemarketing any goods or services.
Under settlements with the Federal Trade Commission, the defendants in two Tampa, Florida-area operations that allegedly bilked consumers of millions of dollars are banned from providing various types of financial services used in their schemes.  In the spring of 2012, at the request of the FTC, a...
At the request of the Federal Trade Commission, a U.S. district court has halted a Tampa, Florida-based operation that promised to help consumers get payday loans. Instead of loans, the defendants used consumers’ personal financial information to debit their bank accounts in increments of $30...
Staff of the Federal Trade Commission’s Bureau of Competition has issued an advisory opinion to The Money Services Round Table (TMSRT) concerning its proposal to establish an information exchange database to collect information from and disseminate information to licensed U.S. money transmitters,...
Federal Trade Commission staff submitted a comment in response to a request from the Arizona Corporation Commission (ACC) for comments on retail electric competition in Arizona.
The Federal Trade Commission told a U.S. Senate subcommittee that it continues to crack down on unlawful debt collection practices through an active program of vigorous law enforcement, education and public outreach, and research and policy initiatives.
The Federal Trade Commission has reached a partial settlement with the principal defendants in its case against the payday lending operation AMG Services Inc., resolving allegations that the defendants threatened consumers in debt collection calls and violated the Electronic Fund Transfer Act, or...
The world’s largest debt collection operation, Expert Global Solutions and its subsidiaries, has agreed to stop harassing consumers with allegedly illegal debt collection calls and to pay a $3.2 million civil penalty – the largest ever obtained by the Federal Trade Commission against a third-party...
The Federal Trade Commission filed suit in federal court to halt a mortgage relief scheme that allegedly deceived and preyed on distressed homeowners by charging them $2,000 to $4,000 based on bogus foreclosure rescue claims.
At the request of the Federal Trade Commission, a U.S. district court has halted a debt collection operation that allegedly extorted payments from consumers by using false threats of lawsuits and calculated campaigns to embarrass consumers by unlawfully communicating with family members, friends,...
The Federal Trade Commission has charged an operation that sells credit and debit card payment processing services to small businesses with violating federal law.  The defendants allegedly made false and unsubstantiated claims and failed to disclose material facts to storefront businesses and sole...
The FTC's Northeast Regional Office hosted a public forum focusing on illegal "predatory" lending practices that often exploit lower-income and minority borrowers and frequently target elderly homeowners. The Predatory Lending Forum brought together about 300 consumer advocates,...
The Gramm-Leach-Bliley Act (GLB Act) requires that financial institutions issue privacy notices to their customers, and, in certain circumstances, provide them with the opportunity to opt out of disclosures of nonpublic personal information to nonaffiliated third parties. Concerns...
The FTC hosted a workshop to explore changes in the debt collection industry and examine their impact on consumers and businesses. The event brought together consumer advocates, industry representatives, state and federal regulators, and others with relevant expertise to provide...

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