Filtering by content type: Press Release
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.
A payment processing company agreed to pay or relinquish $1.1 million to settle Federal Trade Commission charges under the Telemarketing Sales Rule (TSR) that it knowingly assisted and facilitated a credit card interest rate reduction scam that bilked tens of thousands of consumers out of a total...
The Federal Trade Commission charged an Irvine, California-based scheme with billing consumers as much as $10,000 after making deceptive claims that it would provide legal advice, settle consumers’ debts, and repair their credit in three years or less. Instead, the scheme often left consumers in...
April is Financial Literacy Month, and the Federal Trade Commission, the nation’s consumer protection agency, has information to help you make the most of your money no matter who you are – student, young adult, parent, service member on active duty, veteran or grandparent.
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 testified before a U.S. Senate Committee regarding the agency’s law enforcement and educational efforts to combat deceptive and unfair practices that impact servicemembers and their families.
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.
As part of the Federal Trade Commission’s ongoing crackdown on payment processors that turn a blind eye to fraud, the agency sued a payment processing business that allegedly assisted and facilitated a telemarketing credit card interest rate reduction scam.
The Federal Trade Commission and Consumer Financial Protection Bureau are co-hosting a roundtable on June 6, 2013, and invite participants watching the webcast to submit questions to moderators online. FTC staff will live-tweet the workshop and take questions via Twitter, Facebook, and email.
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....
The Federal Trade Commission today released its list of top consumer complaints received by the agency in 2011. For the 12th year in a row, identity theft complaints topped the list. Of more than 1.8 million complaints filed in 2011, 279,156 or 15 percent, were identity theft complaints. Nearly 25...
Filtering by content type: Refunds Page
The Federal trade Commission mailed checks to 1,305 consumers totalling approximately $800,000. The alleged scams involved false promises and deceptive claims for mortgage relief.
The Federal Trade Commission is mailing refund checks totaling over $16 million to 18,571 consumers who paid money to American Tax Relief, which falsely claimed it could reduce their tax debts. The checks must be cashed within 60 days of when they are issued.
The Federal Trade Commission is mailing refund checks totaling $499,701.84 to 229 consumers who paid the Lucas Law Center an advance fee for mortgage loan modifications the company falsely claimed it would obtain for them.
Consumers attempting to save their homes from foreclosure will receive refunds from Prime Legal Plans and other defendants of a mortgage relief scam and other debt relief services. Nearly $3 million dollars will be mailed to 6,338 victims on May 28, 2014. Refunds will be based on a percentage of...
Filtering by content type: Report
Filtering by content type: Public Event
The Federal Trade Commission staff will hold a workshop on September 25, 2008 to explore the growth of the for-profit debt settlement industry and to analyze how its model is affecting consumers and businesses. The event is free and open to the public, and there will be no pre-...
Participants at this one-day forum, held on Wednesday, November 4, 2009, discussed the proposed amendments to the Telemarketing Sales Rule to address debt relief services.