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Company Will Pay $50,000 Penalty for Tossing Consumers’ Credit Report Information in Unsecured Dumpster

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December 18, 2007 A mortgage company that left loan documents with consumers’ sensitive personal and financial information in and around an unsecured dumpster has agreed to settle Federal Trade Commission charges that it violated federal regulations. The FTC’s complaint alleges that Northbrook, Illinois-based American United Mortgage Company violated the Disposal, Safeguards, and Privacy rules by failing to properly dispose of ... Read More »

How to Avoid Filling for Bankruptcy – WLNS

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How to Avoid Filling for Bankruptcy WLNS, MI - 10 hours ago By Lisa Smith Filing for bankruptcy is often viewed as a quick and easy way to get out of debt . While it will make some of your debts go away, US residents ... Read More »

When Some Credit Card Debt Can’t Be Discharged in Bankruptcy

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Excellent blog post out today by Oklahoma bankruptcy attorney, Dan Nunley, about when some type of credit card debt can’t be discharged in bankruptcy. Like most Americans, the majority of people who I help file bankruptcy have some credit card debt. And a small number have a lot of credit card debt. As a general rule, credit card debt is ... Read More »

Isn’t Now the Time to Consider a Real Debt Consolidation Loan?

LendingClub.com Debt Consolidation Loans

Interest rates on credit cards are climbing and climbing ever higher before new laws kick in to stop that practice. But in the meantime while those with big balances they can’t pay off just watch their cards get ratejacked, I seriously think this is now the time to strongly investigate a fixed rate debt consolidation loan. But where can you ... Read More »

At FTC’s Request, Court Halts Tax Relief Scam That Collected More Than $60 Million

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October 6, 2010 Company’s Owners Lived Lavish Lifestyle, Targeted Financially Distressed Consumers At the request of the Federal Trade Commission, a federal judge has halted a national operation that allegedly bilked consumers out of more than $60 million by falsely claiming it can reduce people’s tax debts – the company’s California state business license was suspended last year for not ... Read More »

FTC Charges Three Internet Payday Lenders with Not Disclosing Required APR Information in Ads

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FTC Charges Three Internet Payday Lenders with Not Disclosing Required APR Information in Ads February 27, 2008 Three payday lenders have agreed to settle Federal Trade Commission charges that their Internet advertising stated the cost of loans without disclosing annual percentage rate information that federal law requires. This information helps consumers compare the costs of these payday loans to other ... Read More »

Debt Collector Will Pay $1.75 Million to Settle FTC Charges

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10/21/2010 Ignored Consumers’ Disputes Without Checking Its Information for Accuracy To resolve Federal Trade Commission charges, one of the nation’s largest debt collectors will pay $1.75 million for allegedly making repeated telephone calls to collect from the wrong person, to collect the wrong amount, or both. The settlement is the second largest civil penalty obtained by the FTC in a ... Read More »

Payday Loan Lead Generators Settle FTC Charges

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Payday Loan Lead Generators Settle FTC Charges June 24, 2008 Two payday loan lead generators have agreed to settle Federal Trade Commission charges that their Internet advertising stated payday loan costs and repayment periods without disclosing annual percentage rate (APR) information as federal law requires. The settlements require the respondents to disclose APR information in similar payday loan ads in ... Read More »

Crackdown Hits 43 Phony Credit Firms That Turn Consumers into Felons

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February 2, 1999 Announcement Coincides with National Consumer Protection Week In a massive crackdown on operators who turn credit-challenged consumers into lawbreakers, the Federal Trade Commission (FTC) and National Association of Attorneys General (NAAG) announced today that 17 law enforcement agencies have filed 43 law enforcement actions against defendants who claim to help consumers obtain new credit histories through new ... Read More »

FTC, Three States Charge Scammers with Falsely Promising “Guaranteed” $25,000 Government Grants as Part of the Economic Stimulus Package

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07/23/2009 Court Halts Operators’ Deceptive Pitches for Grant Writing Book and Services At the request of the Federal Trade Commission and three state Attorneys General, a U.S. district court judge has stopped an operation from falsely claiming that it could help consumers secure a “$25,000 Grant” – guaranteed – from the U.S. government. The case is the latest in a ... Read More »

Clear Financial Solutions, Financial Freedom of America, Financial Solutions Legal Center Cough Up Bucks to West Virignia

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Attorney General McGraw Continues to Reign in the Debt Relief Industry. He announced settlements with three more companies, resulting in $214,000 in refunds for 226 West Virginia consumers. Alyson Rye of West Union was alarmed when a telemarketer from Clear Financial Solutions repeatedly badgered her to accept his offer to reduce the interest rates on her credit card debt. He ... Read More »

At FTC’s Request, Court Stops Deceptive Telemarketing Calls Pitching Credit Card Interest Rate Reduction

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05/20/2010 At the request of the Federal Trade Commission, a federal judge has put a stop to three companies’ allegedly deceptive telemarketing calls, including robocalls, that promised to reduce consumers’ credit card interest rates; frozen their assets; and appointed a receiver to take control of the business. According to the FTC’s complaint, over the past two years, the defendants made ... Read More »

Sub-prime Lender Agrees to Pay $350,000 Civil Penalty to Settle Charges of Violating Federal Lending Laws

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August 24, 2000 Action Loan Company, Inc., of Louisville, Kentucky, and its owner and president, Gus Goldsmith, have agreed to pay a $350,000 civil penalty and up to a total of $37,000 in consumer redress as part of a joint settlement with the Federal Trade Commission and the Department of Housing and Urban Development resolving allegations that they violated a ... Read More »

‘Operation Clean Sweep’: FTC and State Agencies Target 36 ‘Credit Repair’ Operations

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‘Operation Clean Sweep’: FTC and State Agencies Target 36 ‘Credit Repair’ Operations October 23, 2008 The Federal Trade Commission and 24 state agencies today announced a crackdown on 33 operations that deceptively claim they can remove negative information from consumers’ credit reports, even if that information is accurate and timely. In the seven FTC actions announced today the Commission seeks ... Read More »

Nationwide Debt Collector Will Pay $2.25 Million to Settle FTC Charges

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Nationwide Debt Collector Will Pay $2.25 Million to Settle FTC Charges November 21, 2008 Academy Collection Service, Inc. and its owner, Keith Dickstein, have agreed to pay $2.25 million to settle Federal Trade Commission charges that Academy and its collectors misled, threatened, and harassed consumers; disclosed their debts to third parties; and deposited postdated checks early, in violation of federal ... Read More »

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