Tag: Credit and Finance

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La Comisión Federal de Comercio (FTC) y la Oficina de Protección Financiera del Consumidor (CFPB) han anunciado la agenda de la mesa redonda organizada conjuntamente por ambas agencias que se llevará a cabo el 23 de octubre de 2014 en Long Beach, California.
The Federal Trade Commission and the Consumer Financial Protection Bureau have announced the agenda for the roundtable the agencies will co-host in Long Beach, California, on October 23, 2014.
The Federal Trade Commission has halted the abusive debt collection practices of an operation that used fictitious names and threatened consumers into paying debts they may not have owed. Under settlements with the FTC and a default judgment by the court, Pinnacle Payment Services, LLC and its...
At the request of the Federal Trade Commission, a federal court has shut down Butterfly Labs, a Missouri-based company that allegedly deceptively marketed specialized computers designed to produce Bitcoins, a payment system sometimes referred to as “virtual currency.”
The Federal Trade Commission is mailing $1,792,759 in refund checks to 60,813 consumers allegedly defrauded by a credit counseling/debt management scam run by Andris Pukke and his companies, AmeriDebt Inc. and DebtWorks, Inc. The defendants allegedly deceived consumers about their fees,...
An Internet-based operation that finds potential borrowers for mortgage refinancing lenders will pay a $500,000 civil penalty to settle Federal Trade Commission charges that it deceived consumers with ads that falsely claimed they could refinance their mortgages for free.
The staff of the Federal Trade Commission filed a comment in response to the Consumer Financial Protection Bureau’s request for information on the use of mobile financial systems by consumers and their potential benefits for the financial lives of underserved consumers.  The FTC staff’s comment...
The Federal Trade Commission’s newest education campaign, Pass It On, encourages older adults to help raise awareness about fraud by talking to their family, friends, and neighbors about avoiding common scams.
FTC order requires Google to change its mobile app billing practices to ensure consumers’ consent is obtained before charges are levied.
The Federal Trade Commission asked a federal court to shut down a scam that targeted financially distressed Americans by pitching a phony debt relief and credit repair program, and by falsely claiming the program was provided and funded by the federal government and endorsed by President Obama.
The Federal Trade Commission has joined the Consumer Financial Protection Bureau (CFPB) in filing an amicus brief in the matter of Hernandez v. Williams, Zinman & Parham, P.C (WCP) (Case No. 2:12-cv-00731, U.S. Circuit Court of Appeals for the Ninth Circuit). The case concerns the...
The Federal Trade Commission today released a staff report stating that compliance by real estate advertisers with federal credit advertising laws in major newspapers in 42 cities has risen to 90 percent, up from 86 percent in early 1984, as a result of a continuing FTC effort. Since January 1983...
Ensuring that consumers are protected in the growing mobile environment is a top priority at the FTC.
A new staff report issued by the Federal Trade Commission finds that many mobile apps for use in shopping do not provide consumers with important information – such as how the apps manage payment-related disputes or handle consumer data – prior to download.
In testimony before Congress today, the Federal Trade Commission provided an update on issues related to the placement of unauthorized charges on consumers’ mobile phone bills, a practice known as mobile cramming.
Note: A conference call for media with Katie Fallow, FTC Deputy Director for Consumer Protection, and CFBP Deputy Director Steve Antonakes will occur as follows: Date: July 23, 2014Time: 1:30 p.m. ET Call-in lines, which are for media only, will open 15 minutes prior to the start of the call....
At the request of the Federal Trade Commission and the New York Attorney General’s Office, a U.S. district court halted a Buffalo, NY-based debt collection operation, froze the operation’s assets, and appointed a temporary receiver to take over the defendants’ business pending trial.
UPDATED The Federal Trade Commission and the Consumer Financial Protection Bureau will co-host a roundtable in Long Beach, California, on October 23, 2014, to examine how debt collection issues affect Latino consumers, especially those who have limited English proficiency. The event, titled “Debt...
The operators of a Tampa, Florida-based payday loan broker scheme have agreed to settle Federal Trade Commission charges that they falsely promised to help consumers get loans, but instead used consumers’ personal financial data to take money from their bank accounts without their consent.
FTC’s lawsuit seeks a court order requiring refunds to consumers for the unauthorized charges...

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