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|Enforcement Action, FTC Enforcement|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|FTC Enforcement, Uncategorized|0 Comments

FTC obtains $9 million judgment against United Debt Counselors

On March 7, 2017, the FTC issued a press release announcing that it had entered into a stipulated order with a debt relief company that allegedly misled consumers and charged illegal advance fees. Under the terms of the order, the United Debt Counselors, LLC will be prohibited from making misleading claims about its debt relief [...]

By | 2017-03-10T07:43:28+00:00 March 10th, 2017|Debt Relief, FTC Enforcement, Uncategorized|0 Comments

FTC reaches $1.7 million settlement with mortgage relief scam defendant

On February 23, 2017, the Federal Trade Commission (FTC) issued a press release announcing that it had entered into a stipulated order with a defendant in an alleged mortgage relief scam. The defendant, Gabriel Stewart was the last of six defendants to resolve charges brought by the FTC in July 2014. The FTC alleged that [...]

By | 2017-02-28T10:40:40+00:00 February 28th, 2017|Enforcement Action, FTC Enforcement, Mortgages, Uncategorized|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|Debt Collection, Enforcement Action, FTC Enforcement, Uncategorized|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|Debt Collection, FTC Enforcement, Uncategorized|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|Enforcement Action, FTC Enforcement, Uncategorized|0 Comments

Western Union fined $586 for consumer fraud violations

On January 19, Western Union agreed to pay $586 million to settle an investigation by the Department of Justice (DOJ) and Federal Trade Commission (FTC). Western Union, the world’s biggest money-transfer company, is headquartered in Englewood, Colorado. According to a DOJ press release, Western Union has admitted to violations of federal anti-fraud and money-laundering laws. [...]

FTC enters orders against mortgage relief scammers

On January 11, the Federal Trade Commission (FTC) issued a press release announcing that it has agreed to a pair of stipulated orders with individuals who participated in alleged fraudulent mortgage relief schemes. According to the FTC’s stipulated order, Damian Kutzner and four attorneys operating as Brookstone Law and Advantis Law, operated a mortgage relief scheme [...]

By | 2017-01-14T10:07:45+00:00 January 14th, 2017|Enforcement Action, FTC Enforcement, Mortgages, Uncategorized|0 Comments

FTC files suit against payday loan scammers

On January 9, the Federal Trade Commission (FTC) issued a press release announcing that it filed a lawsuit against a Kansas man and affiliated companies for allegedly selling portfolios of fake payday loan debts to debt collectors. Debt buyers and debt collection agencies subsequently used the information to pursue payment from consumers for those fake [...]

By | 2017-01-12T13:36:43+00:00 January 12th, 2017|Enforcement Action, FTC Enforcement, Payday Loans, Uncategorized|0 Comments
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