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

FTC telemarketing scheme settlement 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.

Under the terms of the stipulated final order, the defendants must pay approximately $7.5 million in consumer redress. The defendants are also prohibited from telemarketing, marketing investment opportunities, and selling or otherwise benefiting from consumers’ personal information.


FTC obtains $9 million judgment against United Debt Counselors

United Debt FTCOn 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 services.

United Debt Counselors, LLC, formerly known as United Debt Services, LLC (“United Debt” or “Defendants”) is headquartered in Frisco, Texas and has offered and engaged in debt relief services since 2011.


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 the defendants were involved in a mortgage relief scam that “preyed upon distressed homeowners,” including elderly consumers.


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

what debt collectors can learn from FTC settlementLast 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 from engaging in specific collection practices and in the detailed descriptions that lay out how GC must perform certain collection activities.


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