Tag: Debt Collection

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The operators of a deceptive and abusive debt collection scheme are banned from the debt collection business and from buying or selling debt under settlements with the Federal Trade Commission and the New York Attorney General’s Office.
Today the Consumer Financial Protection Bureau (Bureau) and the Federal Trade Commission (FTC) reported on their 2017 activities to combat illegal debt collection practices. The annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA) details the agencies’...
The final defendant in an operation that posed as lawyers and falsely threatened to sue people or have them arrested for failing to pay on debts they did not owe is banned from the debt collection business under a recently entered court order.
Note: A conference call for media with Tom Pahl, Acting Director of the FTC’s Bureau of Consumer Protection, was held on March 1, 2018 at 1 p.m. ET. FTC staff were available to take questions from the media.
The Federal Trade Commission will release its annual Consumer Sentinel Data Book summarizing consumer complaints about fraud, identity theft and other consumer concerns and will host a conference call for news media.
A new Staff Perspective, a paper by the Federal Trade Commission’s Bureau of Consumer Protection, examines financial issues that can affect military consumers, including servicemembers, veterans, and their families, when they are purchasing and financing a car, dealing with debt collectors, or...
Three defendants who allegedly posed as lawyers and falsely threatened to sue people or have them arrested for failing to pay on debts they did not owe are banned from the debt collection business under a settlement with the Federal Trade Commission.
The Federal Trade Commission charged a Georgia-based debt collection business with tricking people into paying money for debts they did not owe. A federal court temporarily halted the scheme and froze its assets at the FTC’s request.
The operators of a Chicago-area fake debt collection scheme have been banned from the debt collection business and from selling debt portfolios under settlements with the Federal Trade Commission and the Illinois Attorney General. The settlements also require them to surrender assets totaling at...
The Federal Trade Commission has obtained a $4.1 million judgment and a ban on handling certain sensitive financial information about consumer debts against an operation that sold lists of fake payday loan debts to debt collectors.
The final defendant in a debt collection scheme that illegally threatened to arrest or sue consumers and harassed their friends, family members and employers is banned from debt collection activities under a settlement with the Federal Trade Commission.
The Federal Trade Commission has charged a North Carolina debt collection operation with using intimidation and deception to take money from consumers for debts they did not owe, or that the defendants had no right to collect. A federal court temporarily halted the scheme and froze its assets at...
WHAT:The Federal Trade Commission (FTC) will hold a workshop on July 19, 2017 in San Antonio, Texas, to examine financial issues and scams that can affect military consumers
La Comisión Federal de Comercio (FTC) ha acusado a una operación de cobranza de deudas de quitarle dinero a la gente cobrándole falsas deudas no adeudadas haciéndose pasar por abogados y amenazando falsamente a las personas con iniciar demandas en su contra o con arrestos en caso de que se negaran...
The Federal Trade Commission has charged a debt collection operation with taking people’s money for fake debts they did not owe by posing as lawyers and falsely threatening to sue or have them arrested if they did not pay.A federal court temporarily halted the operation and froze its assets at the...
The Federal Trade Commission is mailing 4,380 checks totaling more than $550,000 to people harmed by Houston-based Goldman Schwartz, Inc., a debt collection operation that also used other business names, including Cole, Tanner & Wright and Harris County Check Recovery.
The Federal Trade Commission is mailing 338 checks totaling more than $319,000 to people who lost money to Information Management Forum Inc., which also did business as Vacation Property Marketing, and its owner, Edward Lee Windsor.
The Federal Trade Commission has charged a North Carolina debt collection operation and its owner with taking money from consumers for fake debts they did not owe. The action is part of the FTC’s crackdown on “phantom” debt collection.
The Federal Trade Commission has announced the agenda and speakers confirmed to date for its upcoming workshop in San Antonio, Texas on July 19, 2017, a forum on financial issues and scams that can affect military consumers, including active duty servicemembers in all branches and veterans.
At the Federal Trade Commission’s request, a federal court has ordered Timothy L. Ford, the president of Commercial Recovery Systems Inc. (CRS), to pay a $2 million civil penalty for violating the Fair Debt Collection Practices Act by falsely threatening debtors.

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