FTC Returns Money to Victims of Auto Loan Modification Scheme
The FTC is mailing 288 checks totaling more than $109,000 to people who paid an up-front fee to Regency Financial Services, which promised to get them better terms for their auto loans. According to the FTC, the company did not provide the promised services and failed to honor its “money-back guarantee.”
Recipients are getting full refunds based on information they reported to law enforcement. The average refund amount is $380.
If you get a check, please cash or deposit it within 60 days. If you have questions about your check, call 866-591-7249.