FTC Obtains Court Order Against Scheme that Sold Fake Payday Loan Debt Portfolios

The Federal Trade Commission has obtained a $4.1 million judgment and a ban on handling certain sensitive financial information about consumer debts against an operation that sold lists of fake payday loan debts to debt collectors. A federal court issued a default judgment granting what the FTC sought in a complaint filed in 2016. The … Read more

Defendants Charged with Selling Fake Payday Loan Debt Portfolios

The Federal Trade Commission has charged a Kansas man and his companies with selling portfolios of fake payday loan debts that debt collectors used to get people to pay on debts they did not owe. At the FTC’s request, a federal court halted the operation pending litigation. According to the FTC, Joel Jerome Tucker, SQ … Read more