Tag: Credit and Finance

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The promoters of recruitment-based cryptocurrency schemes are permanently banned from operating or participating in any multi-level marketing program, as part of a settlement with the Federal Trade Commission.
Additional defendants involved with student loan debt relief schemes have been permanently banned from selling debt relief services pursuant to settlements with the Federal Trade Commission. The FTC alleged that they tricked consumers into paying illegal upfront fees in hopes of reducing or...
In their complaint against Madera Merchant Services and B&P Enterprises, the Federal Trade Commission and the Ohio Attorney General allege that the companies generated and processed remotely created payment orders (RCPOs) or checks that allowed many unscrupulous merchants,...
In their complaint against Educare Centre Services, Inc. and Tripletel, Inc., the Federal Trade Commission and Ohio Attorney General allege that the companies sold sham credit card interest rate reduction services to consumers through telemarketers, including Dominican Republic-based...
At the request of the Federal Trade Commission and the State of Ohio, a federal court in El Paso, Texas shut down two schemes that allegedly bilked millions of dollars from consumers struggling with credit card debt.  
The Federal Trade Commission is mailing 3,615 checks totaling $708,586 to small businesses, nonprofit organizations, and other consumers who were tricked into paying for overpriced office supplies—including light bulbs and cleaning supplies—that they did not order. The average refund amount is $196.
The Federal Trade Commission has stopped Mission Hills Federal, a student loan debt relief scheme, alleging it bilked more than $23 million from thousands of consumers with false claims that it would service and pay down their student loans. After the FTC filed a complaint seeking to...
The Federal Trade Commission has stopped a student loan debt relief scheme, alleging it bilked more than $23 million from thousands of consumers with false claims that it would service and pay down their student loans. After the FTC filed a complaint seeking to end the deceptive practices, a...
The defendants behind a New York-based debt collection scheme will be permanently banned from the debt collection industry under a settlement with the Federal Trade Commission and the New York Attorney General, who alleged that the defendants bilked consumers out of millions of dollars by brokering...
The first rule of credit repair is that no credit repair company can remove accurate and timely negative information from someone’s credit report. For credit repair companies that would claim otherwise, there’s CROA – the Credit Repair Organizations Act. It makes it illegal for credit...
This act includes a number of changes to the Fair Credit Reporting Act and other lending-related laws, many of which affect consumers and the FTC. In particular: Title III amends the FCRA regarding free security freezes, protections regarding veterans' medical debt, free credit monitoring for...
The FTC and its U.S., state, and local law enforcement partners announced a major crackdown on illegal robocalls, including 94 actions targeting operations around the country that are responsible for more than one billion calls.
WHAT:The Federal Trade Commission, in conjunction with other federal, state, and local law enforcement, will announce “Operation Call it Quits,” the latest joint-agency crackdown on telemarketers responsible for more than a billion illegal robocalls.WHEN:Tuesday, June 25, 10:30 a.m. CDTWHERE:FTC...
The Federal Trade Commission has finalized the rule implementing a 2018 law that requires the nationwide consumer reporting agencies (CRAs) to provide free electronic credit monitoring services for active duty military consumers.
At the Federal Trade Commission’s request, a federal court has temporarily halted and frozen the assets of Grand Teton Professionals, an alleged credit repair scheme that charged illegal upfront fees and falsely claimed to repair consumers’ credit. The company and other defendants are...
At the Federal Trade Commission’s request, a federal court has temporarily halted and frozen the assets of Grand Teton Professionals, an alleged credit repair scheme that charged illegal upfront fees and falsely claimed to repair consumers’ credit. The company and other defendants are charged with...

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