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 …
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 …
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 …
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 …
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 …
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 …
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 …
‘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 …
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 …
July 6, 2000 “New Credit Identity” Promotions Halted Defendants targeted in a law enforcement crackdown on illegal credit repair services have agreed to settle federal charges that their “new credit identity” advice and products violated federal law. The cases were brought by the U.S. Department of Justice’s Office of Consumer Litigation at the Federal Trade …