Tag: Finance

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The Federal Trade Commission, through an administrator, is mailing checks totaling nearly $3 million to over 6,300 consumers who were victims of a mortgage relief scheme. Using names such as Prime Legal Plans and Reaching U Network, the defendants allegedly made false promises that they could help...
A Southern California debt collection operation, Asset Capital and Management Group, will surrender more than $4 million for consumer redress to settle Federal Trade Commission charges that it extorted payments from consumers using false threats.The defendants behind the scheme will turn over their...
Bajo los términos de un acuerdo resolutorio con la Comisión Federal de Comercio (FTC, por su sigla en inglés) y los estados de Illinois, Kentucky y Carolina del Norte, los operadores de un esquema piramidal con base en Kentucky, que en los últimos cuatro años inscribieron a más de 350,000...
The operators must also surrender assets totaling at least $7.75 million, which will be returned to consumers.
An online operation in the business of finding potential borrowers for mortgage companies will pay a $225,000 civil penalty to settle Federal Trade Commission charges that it deceived consumers about the terms of the mortgages.
A South Dakota-based payday lending operation and its owner will pay $967,740 to the U.S. Treasury as part of a settlement resolving FTC charges that they used unfair and deceptive tactics to collect on payday loans and forced debt-burdened consumers to travel to South Dakota and appear before a...
Bajo los términos de un acuerdo resolutorio con la Comisión Federal de Comercio (FTC), los dos principales propietarios de Rincon Debt Management, Jason R. Begley y Wayne W. Lunsford, han aceptado ceder activos por un valor de más de $3.3 millones de dólares que se usarán para proveer rembolsos a...
The two principal owners of Rincon Debt Management, Jason R. Begley and Wayne W. Lunsford, will surrender more than $3.3 million worth of assets that will be used to provide refunds to victims, under a settlement with the Federal Trade Commission. The two defendants also are permanently banned from...
U.S. District Judge Gloria M. Navarro handed the Federal Trade Commission a significant victory in its crackdown on deceptive payday lenders, affirming a magistrate judge’s finding that the defendants in its AMG Services case are within the reach of FTC enforcement actions, even if they are...
At the request of the Federal Trade Commission, a U.S. district court halted a debt collection operation that the agency charged with violating the Federal Trade Commission Act and the Fair Debt Collection Act by misrepresenting that they were with the government, falsely accusing consumers of...
The Federal Trade Commission filed an amicus brief in the U.S. Court of Appeals for the Sixth Circuit, arguing that a federal district court erroneously dismissed a consumer’s class action complaint against a debt collector. Filed in the U.S.
Over the last year, the Federal Trade Commission has continued aggressive enforcement of the Fair Debt Collection Practices Act by bringing or resolving nine debt collection cases, according to the agency’s annual summary of debt collection activities.
An administrator working for the Federal Trade Commission is mailing 8,352 checks averaging $91.14 each to consumers who were deceived into paying unnecessary “convenience fees” to Jacob Law Group, PLLC, on behalf of debt buyer Security Credit Services, LLC.
Following a public comment period, the Federal Trade Commission approved final consent orders settling charges that two automotive dealers deceptively advertised the cost or available discounts for their vehicles.
The South Florida-based defendants in an alleged mortgage relief scam will surrender their assets and be banned permanently from providing mortgage relief and debt relief services to consumers under a settlement with the Federal Trade Commission.  This settlement represents the FTC’s largest...
Los demandados de dos presuntas estafas separadas han aceptado resolver los cargos presentados por la Comisión Federal de Comercio (FTC, por su sigla en inglés) y se les prohibirá proveer servicios de asistencia para deudores hipotecarios y de alivio de endeudamiento.
The defendants in two separate alleged scams have settled charges with the Federal Trade Commission and will be banned from providing mortgage- and debt-relief services.  The cases are part of the FTC’s continuing crackdown on scams targeting consumers in financial distress, including debt relief...
The final six of 10 defendants named in an alleged “Rachel from Cardholder Services” scam have agreed to settle Federal Trade Commission charges that they misled consumers with bogus claims that they would lower their credit card interest rates.
The Federal Trade Commission is continuing its crackdown on payment processing operations that enable scam artists to charge consumer accounts despite signs of ongoing fraud and unauthorized transactions.  Today, the Commission announced a proposed settlement resolving allegations that a payment...
At the request of the Federal Trade Commission, a U.S.

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