FTC takes action against robocall scam that pitched worthless credit card rate reduction programs

On June 5, 2017, the FTC issued a press release announcing that, in a case filed by the agency and the Florida Attorney General (AG), a Florida federal district court judge has entered eight orders against a collection of Orlando-based individuals and companies that harassed consumers with unlawful robocalls from “Card Member Services,” to [...]

By | 2017-06-06T19:18:26+00:00 June 5th, 2017|0 Comments

FTC fines debt collector $2 million for FDCPA violations

On April 24, 2017, the FTC issued a press release announcing that a federal court had ordered the president of Commercial Recovery System, Inc. (CRS) to pay a $2 million civil money penalty for violating the Fair Debt Collection Practices Act (FDCPA) by falsely threatening debtors. In January 2015, the Department of Justice filed a [...]

By | 2017-05-01T07:42:48+00:00 May 1st, 2017|0 Comments

NetSpend to pay $53 million in settlement with FTC

Last week, the FTC announced that NetSpend, one of the nation’s largest providers of prepaid debit cards, had agreed to pay $53 million to settle allegations that it deceived consumers about their ability to access funds loaded onto their cards. In November 2016, the FTC filed a lawsuit alleging that NetSpend engaged in misleading advertising [...]

By | 2017-04-04T07:09:45+00:00 April 4th, 2017|0 Comments

FTC settles with municipal debt collector for abusive collection practices

On March 24, 2017, the Federal Trade Commission (FTC) issued a press release announcing a consent order with American Municipal Services Corporation, a debt collection company accused of engaging in illegal collection tactics. American Municipal Services Corporation is a debt collection firm that collects court fines, parking tickets, and debts for utility bills and other services [...]

By | 2017-03-28T07:08:56+00:00 March 28th, 2017|0 Comments

FTC orders telemarketing scheme operators to pay $7.5 million in consumer redress

On March 13, 2017, the FTC issued a press release announcing that it reached a settlement with the operators of a telemarketing scheme that had allegedly harmed thousands of consumers across the country. According to the FTC, many of the consumers targeted by the scheme were elderly individuals or military veterans living on fixed income. [...]

By | 2017-03-16T07:00:02+00:00 March 16th, 2017|0 Comments

What debt collectors can learn from the FTC settlement with GC Services

Last week, we wrote about the settlement agreement between the FTC and debt collector GC Services Limited Partnership. In most circles, the $700,000 civil money penalty would be the most significant aspect of the settlement. In our opinion, however, the most noteworthy and valuable information appears in the sections of the consent order that prohibit GC [...]

By | 2017-02-22T11:47:49+00:00 February 22nd, 2017|0 Comments

Debt collector to pay $700,000 in settlement with FTC

On February 14, 2017, the FTC issued a press release announcing that it had reached a settlement agreement with GC Services Limited Partnership to resolve allegations that GC used “unlawful tactics to collect on federal student loans and other debts.” Under the settlement agreement, GC will pay a $700,000 civil money penalty. GC is a [...]

By | 2017-02-17T06:28:19+00:00 February 17th, 2017|0 Comments

FTC and Florida AG fine and ban student loan debt relief scammers

On January 24, the FTC issued a press release announcing that it had resolved charges brought by the FTC and the Florida Attorney General’s Office against operators of an alleged student debt relief and credit repair scam. The settlement resolves allegations that the operators violated the Federal Trade Commission Act (FTC Act), Telemarketing and Consumer Fraud [...]

By | 2017-01-27T10:57:44+00:00 January 27th, 2017|0 Comments