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Citigroup Settles FTC Charges Against the Associates Record-Setting $215 Million for Subprime Lending Victims

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September 19, 2002 In the largest consumer protection settlement in FTC history, Citigroup Inc. will pay $215 million to resolve Federal Trade Commission charges that Associates First Capital Corporation and Associates Corporation of North America (The Associates) engaged in systematic and widespread deceptive and abusive lending practices. Citigroup acquired The Associates in November 2000, and merged The Associates’ consumer finance ... Read More »

    FTC Charges Telemarketing Network with Selling Bogus Advance-Fee Credit Card Packages

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    FTC Charges Telemarketing Network with Selling Bogus Advance-Fee Credit Card Packages January 17, 2003 The Federal Trade Commission has filed charges against seven corporations and nine individuals, the Assail Telemarketing Network, for engaging in deceptive and unfair activities in the marketing of advance-fee credit card packages under the names Advantage Capital, Capital First, and Premier One. The Commission alleges that ... Read More »

      Federal and State Agencies Target Mortgage Foreclosure Rescue and Loan Modification Scams

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      Federal and State Agencies Target Mortgage Foreclosure Rescue and Loan Modification Scams July 15, 2009 FTC Leads “Operation Loan Lies” to Stop Fraud and Help Distressed Homeowners Federal Trade Commission Chairman Jon Leibowitz, joined by California Attorney General Jerry Brown, today announced Operation Loan Lies, a coordinated national law enforcement effort to crack down on mortgage modification scams. The operation ... Read More »

        Two Companies Settle Harassment Charges Relating to Debt Collection

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        Two Companies Settle Harassment Charges Relating to Debt Collection August 25, 2004 Two companies whose representatives allegedly harassed consumers with multiple phone calls and abusive language have agreed to settle Federal Trade Commission charges that their business practices violated federal law. The FTC’s complaint against Applied Card Systems alleged that, as part of the companies’ debt collection practices, representatives repeatedly ... Read More »

          FTC Obtains Court Order Halting International Scheme Responsible For More Than $10 Million In Unauthorized Charges On Consumers’ Credit and Debit Cards

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          June 28, 2010 Operation Used Expansive Network of “Money Mules” At the request of the Federal Trade Commission, a federal court has halted an elaborate international scheme that used identity theft to place more than $10 million in bogus charges on consumers’ credit and debit cards, pending a trial. More than a million consumers were hit with one-time charges of ... Read More »

            Florida Defendants to Pay $700,000 in Redress for Alleged Misrepresentations Related to the Telemarketing Of Worthless Credit Card Protection

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            Florida Defendants to Pay $700,000 in Redress for Alleged Misrepresentations Related to the Telemarketing Of Worthless Credit Card Protection April 24, 2002 Complaint Filed in October 2000 as Part of FTC’s “Operation Protection Deception” Sweep   An Orlando, Florida-based company doing business as Advanced Consumer Services (ACS) and its principals caught up in the Federal Trade Commission’s 2000 “Operation Protection ... Read More »

              Illinois Telemarketers Who Operated Credit Card Scam Agree To Settle Federal And State Charges

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              Illinois Telemarketers Who Operated Credit Card Scam Agree To Settle Federal And State Charges May 14, 1998 Darryl André, and three other individual defendants, operating under a host of assumed names, including Premier Card Services, have agreed to settle federal and state charges that they deceptively marketed credit cards for an upfront fee. The settlement, approved by the court on ... Read More »

                FTC Files Lawsuit Against AmeriDebt

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                FTC Files Lawsuit Against AmeriDebt November 19, 2003 Agency Alleges that “Credit Counseling” Firm Misrepresents Costs and Nature of Its Services The Federal Trade Commission has filed a complaint in federal court charging that a national organization that promotes itself as a non-profit credit counseling agency is engaged in deceptive practices. According to the FTC’s complaint, the defendants have misrepresented ... Read More »

                  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 »

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