Tag: Debt Collection

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“Thank you for being a friend” – to consumers, that is. We admit it. We’re prone to break out in song a little too enthusiastically, but the recipient of the FTC Criminal Liaison Unit’s Prosecuting Attorney’s Award merits a chorus of congratulations.
The FTC’s lawsuit against AMG Services, Scott Tucker, and others challenged deceptive and unfair payday lending and debt collection practices that targeted cash-strapped consumers. The case has already resulted in an important ruling related to the scope of the FTC Act. But an order...
A debt collection company’s former vice president will be banned from the debt collection business under a settlement with the Federal Trade Commission.
A new paper by the Federal Trade Commission’s Bureau of Consumer Protection provides a look at the information covered at the FTC’s October 2015 workshop on online lead generation, “Follow The Lead.”
The owners of a debt relief operation that targeted consumers with outstanding payday loans will be banned from the debt relief business under settlements with the Federal Trade Commission.
Two groups of debt collectors will be banned from the collection business under settlements with the Federal Trade Commission, and one of them will pay more than $4.4 million to resolve charges that they conned people into paying debts they did not owe.
The principals of a mortgage relief operation and their companies are banned from the mortgage loan modification and debt relief business under court orders obtained by the Federal Trade Commission. The orders resolve charges that the scheme falsely promised financially distressed homeowners they...
A debt collector and his companies will be banned from the debt collection business under a settlement with the Federal Trade Commission and the Attorney General of the State of New York, which charged them with seeking money from consumers for debts they did not owe. The action was part of...
Innovative financial technology is changing the way consumers borrow, share, and spend money, offering the promise of increased convenience and access to financial services. The FTC is hosting a series of FinTech events to broadly explore the implications of this financial technology...
A certain famous chef is known for exclaiming “BAM!” when he wants to extract the most flavor from a recipe. The FTC’s case against an unrelated California company called BAM Financial alleges a far less savory form of extraction.
Two debt collectors and three companies charged with using false threats and other illegal collection tactics are banned from the debt collection business under a settlement with the Federal Trade Commission, which charged them as part of Operation Collection Protection, an ongoing federal-state-...
Join law enforcement and consumer advocates for this free event to discuss issues affecting Michigan’s consumers. Learn about emerging trends and new and existing challenges. Explore ways to collaborate and share information and resources. Discussions will include recent consumer...
The head of an unlawful debt collection operation is banned from that business under a court order obtained by the Federal Trade Commission.
FTC staff submitted a comment to the FCC regarding proposed amendments to the FCC regulations that limit robocalls to consumers. The proposed amendments implement a recent change in the law that permits robocalls to collect debt owed to or guaranteed by the federal government without...
Federal Trade Commission staff submitted a comment to the Federal Communications Commission on proposed amendments to the FCC regulations that limit robocalls to consumers.  The proposed amendments implement a recent change in the law that permits robocalls to collect debt owed to or guaranteed by...
A Texas-based debt collection agency will pay $72,000 in civil penalties and be required to adopt new procedures to settle Federal Trade Commission charges that it violated the requirements of the Fair Credit Reporting Act (FCRA).
“Is it getting hot in here?” For companies that engage in illegal debt collection practices, the answer is a resounding yes. One reason is the unprecedented cooperative effort by federal and state law enforcers to turn up the heat on violators. There’s more to come, of course, but...
The Federal Trade Commission is mailing 1,701 checks totaling more than $596,000 to consumers who lost money to a fraudulent debt collection scheme that processed payments for payday loan debts they did not owe. In September 2015, a federal court banned Kirit Patel, Broadway Global Master Inc. and...

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