Trump orders agencies to create deregulatory task forces

On February 24, 2017, President Trump signed an executive order titled “Enforcing the Regulatory Reform Agenda.” That order requires that every agency establish a task force to evaluate existing regulations and to make recommendations regarding their repeal, replacement or modification. In addition, each agency head must designate an agency official as it “Regulatory Reform Officer” (RRO). Each RRO is responsible for overseeing “the implementation of regulatory reform initiatives and policies to ensure that agencies effectively carry out regulatory reforms, consistent with applicable law.”

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.