Latest Posts
Home > Author Archives: Amanda Miller (page 75)

Author Archives: Amanda Miller

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

Ready to Collapse

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

    Ready to Collapse

    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

      Ready to Collapse

      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

        Ready to Collapse

        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

          Ready to Collapse

          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 »

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

            Ready to Collapse

            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

              Ready to Collapse

              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

                Ready to Collapse

                ‘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

                  Ready to Collapse

                  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 »

                    Credit Repair Operators Settle FTC Charges

                    Ready to Collapse

                    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 Commission’s request. The settlements will ... Read More »

                      FTC Challenges Cross-Border Telemarketing Scam Targeting Elderly Americans

                      Ready to Collapse

                      July 22, 2004 The Federal Trade Commission has charged a group of Canadian telemarketers with operating a bogus “consumer protection service” that promises to protect consumers against telemarketing and unauthorized bank activity, then perpetrates that very fraud. According to the FTC, the defendants prey on elderly consumers’ financial insecurities by telemarketing a bogus service that promises to stop unwanted telemarketing ... Read More »

                        FTC Halts International Credit Card Scam

                        Ready to Collapse

                        FTC Halts International Credit Card Scam November 24, 2004 The Federal Trade Commission has charged a cross-border telemarketing enterprise with defrauding consumers out of millions of dollars by offering them a “guaranteed” low-interest credit card for an advance fee, then failing to come through on its promise. According to the FTC’s complaint, the defendants, operating boiler rooms in the United ... Read More »

                          FTC Halts Unauthorized Bank Charges in Bogus Pharmacy Card Scam

                          Ready to Collapse

                          May 27 , 2004 The Federal Trade Commission has filed suit in federal court to halt a scam that drained millions of dollars out of thousands of consumers’ checking accounts for “discount pharmacy cards” the consumers didn’t know about, didn’t order, and didn’t get. The FTC estimates that as many as 90,000 consumers were victims. At the request of the ... Read More »

                            Deceptive Mortgage Scam Halted

                            Ready to Collapse

                            March 20, 2003 The Federal Trade Commission has filed a complaint charging a mortgage spamming operation with violating federal laws by using an array of deceptions to con consumers into sharing their personal financial data. The company’s assets have been frozen, and the defendants have agreed to halt the alleged deceptive practices until the court issues a final ruling on ... Read More »

                              FTC and Illinois Attorney General Charge Illinois-based Companies with Fraudulent Telemarketing And Placing Unwanted Calls

                              Ready to Collapse

                              FTC and Illinois Attorney General Charge Illinois-based Companies with Fraudulent Telemarketing And Placing Unwanted Calls November 26, 2001 A federal court has temporarily ordered a halt to the allegedly fraudulent business practices of three companies and one individual that allegedly operated a massive scheme in Schaumburg, Illinois in which the defendants would charge consumers up to $219.95 for a credit ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                It is the smart thing to do.

                                I promise to keep your email safe and secure.

                                Close

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

                                You can unsubscribe at any time with just one click.

                                After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


                                • It will keep you posted on the latest scams.
                                • You will be alerted to the latest articles.
                                • You will wind up smarter than everyone else dealing with debt.