FTC Charges Financial Freedom of America, Debt Professionals of America, and Debt Consultants of America with Making Unsubstantiated Claims that They Could Eliminate Consumers’ Debt

As part of its continuing crackdown on scams that target consumers in financial distress, the Federal Trade Commission has charged three debt relief operations with making unsubstantiated claims to lure consumers nationwide into paying thousands of dollars in up-front fees, but failing to reduce credit card debts as promised. According to the FTC’s two complaints, … Read more