Tag: Credit and Loans

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Two payday lenders have settled Federal Trade Commission charges that they illegally charged consumers across the country undisclosed and inflated fees. The two companies, Red Cedar Services Inc. and SFS Inc., have each paid $2.2 million and collectively waived $68 million in fees to consumers...
The Federal Trade Commission is seeking public comment on a proposed qualitative survey of consumers to learn about their experiences in buying and financing automobiles at dealerships. The comments will be considered before the FTC seeks clearance for the survey from the Office of Management and...
One way America offers a well-deserved thanks to veterans is through educational benefits. The FTC, the Department of Veterans Affairs – and taxpayers, of course – share an interest in ensuring that the people who protect us are protected from misleading practices in the marketing of...
If you couldn’t make it to Washington to attend the FTC workshop Follow the Lead, watching the webcast is the next best thing – and it starts at 8:30 a.m. Eastern Time on Friday, October 30, 2015. We’re bringing together industry members, consumer advocates, researchers, law...
The Federal Trade Commission is mailing 64,607 checks totaling $1.5 million to consumers who lost money to an online operation that illegally debited their bank accounts when they sought payday loans.
Loan-Servicing Arm of Tricolor Auto Failed to Maintain Policies and Procedures Required by FCRA’s Furnisher Rule to Maintain Accuracy, Integrity of Consumer Information
The Beatles were right: One does get by with a little help from one’s friends – but that’s not always a good thing. A partial settlement just announced by the FTC sheds light on the unsavory cooperative relationship between certain shadowy data brokers and the scammers who buy their...
Bajo los términos de acuerdos resolutorios con la Comisión Federal de Comercio (FTC, por su sigla en español) a los operadores de un falso esquema de reparación de crédito que presuntamente engañaron a consumidores hispanohablantes para que pagaran miles de dólares, supuestamente para mejorar sus...
The operators of a bogus credit repair scheme that allegedly tricked Spanish-speaking consumers into paying thousands of dollars each to supposedly improve their credit will be banned from offering credit repair services and subject to a monetary judgment under settlements with the Federal Trade...
They say what happens in Vegas stays in Vegas. But here’s one thing that doesn’t belong in Vegas or anywhere else: ads that draw buyers in with eye-catching terms while burying the “gotchas” in fine print. In separate law enforcement actions, the FTC alleged that two Las Vegas...
Following a public comment period, the Federal Trade Commission approved final consent orders with two car title lenders that the FTC alleged failed to disclose important conditions and financing information about their title loans.
As the name suggests, Green Tree Servicing was supposed to service homeowners’ mortgages by collecting and crediting monthly payments. But according to a $63 million settlement announced by the FTC and CFPB, rather than service, Green Tree gave many homeowners the business.
The Federal Trade Commission and the Colorado Attorney General’s Office will host the Colorado Common Ground Conference: Working Together to Protect Colorado Consumers. The conference will be on Friday, April 24, from 9:00 a.m. to 5:00 p.m. in the Ralph L. Carr Colorado Judicial...
A petición de la Comisión Federal de Comercio (FTC, por su sigla en inglés), una corte federal ha suspendido las operaciones de una compañía que se autodenomina “FTC Credit Solutions”. Presuntamente, la compañía usó una inexistente afiliación con la Comisión para comercializar falsos servicios de...

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