The staff of the Federal Trade Commission has provided the Consumer Financial Protection Bureau (CFPB) with an annual summary of the FTC’s activities enforcing the Fair Debt Collection Practices Act (FDCPA).
Response to request by ACA International regarding whether the Fair Debt Collection Practices Act prohibits a debt collector from notifying a consumer who disputed a debt that the collector has ceased its collection efforts, Decisions Volume 144
Response to request by U.S. Foreclosure Network regarding whether the Fair Debt Collection Practices Act prohibits a debt collector from notifying a consumer of settlement options that may be available to avoid foreclosure, Decisions Volume 145
The operator of a debt collection scheme has settled claims by the Federal Trade Commission and New York Attorney General that he and the companies he controlled lied to consumers about how much debt they owed and used illegal scare tactics to collect it.
These companies and people are banned, by federal court orders, from participating in the business of debt collection.
The operators of a scheme that conned consumers into paying non-existent debts will be permanently banned from the debt collection business and from misleading consumers about debt in a settlement with the Federal Trade Commission.
In a comment to the Consumer Financial Protection Bureau (CFPB), staff of the Federal Trade Commission provided feedback on a number of proposed rules that implement the Fair Debt Collection Practices Act (FDCPA).
The Federal Trade Commission is sending refund checks totaling more than $516,000 to 3,977 consumers as the result of a settlement with the operators of a debt collection scheme that allegedly tricked people into paying money for debts they did not owe. The average refund amount is $129.
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 Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (Bureau or CFPB) reported on their 2018 activities to combat illegal debt collection practices. The annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA) highlights both...
Every year, millions of consumers tell us – and our partners – about the frauds they spotted. In 2018, we heard from 3 million people and learned a lot from the reports entered into our Consumer Sentinel database. Here are some notable facts from the Consumer Sentinel Network’s 2018...
For the first time, imposter scams topped the list of consumer complaints submitted in 2018 to the Federal Trade Commission’s nationwide Consumer Sentinel database, driven in part by a jump in reports about government imposter scams.