Tag: Credit and Finance

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The Federal Trade Commission will host its third FinTech Forum on March 9, 2017, focusing on the consumer implications of two rapidly developing technologies: artificial intelligence and blockchain. Artificial intelligence focuses on the capability for machines to mimic human thinking or actions,...
Damian Kutzner, one of the operators of a mortgage relief scheme that bilked millions of dollars from financially distressed homeowners, has agreed to a court order banning him from the debt relief business.
The Federal Trade Commission has charged a Kansas man and his companies with selling portfolios of fake payday loan debts that debt collectors used to get people to pay on debts they did not owe. At the FTC’s request, a federal court halted the operation pending litigation.
“Just like the white winged dove sings a song,” you can count on the BCP Business Blog to celebrate the “Edge of Seventeen” – 2017, of course – with a recap of in-case-you-missed-it developments from 2016. (Sorry, Stevie Nicks. That was a stretch.) In no particular order, here is our...
Before we start making New Year’s resolutions for 2017, let’s assess last year’s pledges. In announcing Operation Collection Protection, a coordinated federal-state-local initiative to take on illegal debt collection practices, we made two promises: 1) to continue our commitment in...
The FTC, AARP Fraud Watch Network, AARP Foundation’s Tax-Aide program, and the Treasury Inspector General for Tax Administration co-host a webinar at 2:00 p.m. EST for consumers about how tax identity theft and IRS imposter scams occur and recovery steps for victims.
The FTC, Department of Veterans Affairs, and the Treasury Inspector General for Tax Administration discuss tax identity theft, IRS imposter scams, how to lower your risk, and what to do if you become a victim, during a 1:00 p.m. EST webinar for veterans, their families, and those who...
The FTC and the Identity Theft Resource Center (ITRC) co-host a Twitter chat at 3:00 p.m. EST about tax identity theft. Consumers can join the conversation on #IDTheftChat. Follow @FTC and @ITRCSD to ask questions and learn more about tax identity theft, how to protect yourself, and...
Chances are that you or someone you know will be among 2.7 million AT&T Mobility customers who will be getting a refund soon. The FTC is returning a total of $88 million to people who were billed for premium text message services they didn’t authorize.
A group of defendants who falsely promised to reduce consumers’ credit card interest rates will be banned from telemarketing and from selling debt relief services, and the payment processors who enabled them to bilk more than $12 million from consumers will be banned from the payment processing...
The Federal Trade Commission has closed the book on a data broker operation that the agency alleges got personal information from people who thought they were applying for payday loans online, and sold it to a scam that tapped consumers’ bank accounts and credit cards without their consent.
Using background checks to screen tenants? Or maybe your company provides those background checks to landlords? Make sure you’re complying with the Fair Credit Reporting Act (FCRA). The FTC’s new guidance for landlords and for tenant background screening companies can help. What do...
The military community makes many of the same consumer decisions as their civilian counterparts. We all need to manage our money – and avoid rip-offs. But servicemembers and their families also face unique challenges, like frequent relocations and deployment. When a permanent change...
La Comisión Federal de Comercio (FTC, por su sigla en inglés), está enviando por correo 3,446 cheques por un total que supera $830,000 a las personas que perdieron dinero con Centro Natural Corp y Sumore LLC, un esquema de telemercadeo cuyos operadores fueron inhibidos de participar en el sector...
The Federal Trade Commission is mailing 3,446 checks totaling more than $830,000 to people who lost money to Centro Natural Corp and Sumore LLC, a telemarketing scheme whose operators were banned from debt collection and telemarketing under a settlement with the FTC.
From the perspective of consumers, the whole purpose of prepaid debit cards – their reason for living, if you will – is to give consumers immediate access to their money. Those cards are an especially important financial lifeline for people who don’t have traditional bank accounts...
The Federal Trade Commission has charged that in numerous instances, prepaid card company NetSpend Corporation deceived consumers, many of whom do not have bank accounts, about access to funds deposited on defendants’ debit cards.

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