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AFCC Takes Some Action and Suspends Mission Settlement Agency


Yesterday I wrote an article that was critical of the AFCC for their lack of action against Mission Settlement Agency and Rescue One. I have to give them a pat on the back for doing something this time.

The AFCC has taken a little bit of action and suspended Mission Settlement Agency as a member. In my opinion they should have booted their ass out since two Mission employees have already pled guilty.

But at least they did something, unlike the nothing they’ve done about the Rescue One loan mailer issue I’ve written about before.

But as of right now, Mission Settlement Agency is not on the AFCC website. – Source

The AFCC has just issued the following press release on the matter.

The American Fair Credit Council (“AFCC”), the industry trade group representing the consumer debt resolution industry, announced today that Mission Settlement Agency, an AFCC member, has been suspended pending the resolution of a criminal referral of Mission Settlement by the Consumer Financial Protection Bureau (“CFPB”) to the United States Department of Justice.

“While we take no position on the pending indictment, we cannot allow any allegations of improper behavior to place at risk the hard-won reputation of the AFCC in the minds of consumers seeking debt resolution services,” said Robert Linderman, Vice President of the Executive Board of the AFCC.

“The AFCC was founded on the pledge by each of its members to scrupulously observe the Federal Trade Commission’s rules, particularly the FTC’s prohibition on the collection of advance fees, and any member suspected of failing to observe those rules will be immediately suspended until all questions are resolved.”

Following up on Mr. Linderman‘s comments, Tomas Gordon, a member of the Executive Board, observed, “The AFCC investigates promptly any allegation of misconduct by any member and, if appropriate, makes enforcement referrals to both the CFPB and the FTC. We take very seriously any allegation of consumer harm and will, to the best of our ability, cooperate in any investigation of possible misconduct by the authorities.”

Administrator
American Fair Credit Council

That’s awesome guys but explain to me why you have not taken any action over the Rescue One Financial mailers? Want to see my stories on the matter, click here.

You can’t be a trusted consumer resource if you only take action when members are criminally charged and not when valid and substantiated issues are raised about your members.

AFCC Takes Some Action and Suspends Mission Settlement Agency
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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Gut Check

    Is this the hard – won reputation AFCC has achieved – as you
    can have a company history like this and still be a board member of the AFCC – looks like the only ones believing they have a good reputation is the AFCC members – Curious how many referrals the AFCC has given to the CFBP or FTC about its membership

    Freedom Debt Relief must refund Washington consumers for all fees paid in
    connection with debts that weren’t settled or aren’t in active negotiation
    programs — those fees add up to $742,613 or more.

    Freedom Debt Relief, LLC, dba Freedom Debt, Freedom Debt
    Help, Freedom Debt Reduction, Freedom Debt Relief USA, Freedom Financial
    Network and Debt Resolution Partners, a California debt settlement company, refunded $509,582 to 558 Colorado consumers and paid $109,500 in investigation costs and penalties. It failed to comply with the law’s provisions on cancellation rights, cautionary disclosures and advertising, and was not registered when it contracted with Colorado consumers. It is registered as of Feb. 3, 2009.

    Wilmington – The Delaware
    Department of Justice announced today that a California
    debt management services company will pay $153,000 in restitution to 105 Delaware consumers with whom it conducted business
    without complying with Delaware’s debt management services statute. Freedom Debt Relief, LLC (“FDR”) had been providing debt management services in Delaware without first completing the licensing process required by the 2007 Uniform Debt Management Services Act. FDR, which is now licensed in Delaware, will also pay $10,000 to the Attorney General’s Consumer Protection Unit to cover its enforcement costs.’

    NEW YORK – Attorney General
    Eric T. Schneiderman today announced a major settlement that will refund money to more than 5,000 New Yorkers across the state who were defrauded by a deceptive and harmful debt settlement company. Freedom Debt Relief, one of the country’s largest debt settlement companies, misled debt-saddled consumers about the amount of money they would save and the services it would provide, while reaping large profits in up-front fees. As part of the settlement, Freedom Debt Relief will pay $1.1 million to refund former customers, offer current customers hundreds of thousands of dollars in refunds if they withdraw from the program, and pay $100,000 in penalties to the state. The agreement is available here.

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