“Suck It Up Buttercup” – Trump Era Consumer Protection

This is not a political article. Just one about the realities of people on Main Street being protected against financial problems and scams. With the assault on the Consumer Financial Protection Bureau (CFPB) and the regulations that led to its formation under assault by the current administration it is not far-fetched to imagine a new … Read more

FTC to Pursue Other Options in Debt Settlement Case Loss in Texas

Under the heading of “wow that was fast,” I’ve already received a response from the Federal Trade Commission to their recent loss in a Texas Federal Court in their case filed against Freedom Financial Processing, Debt Professionals of America, Debt Consultants of America, Robert Creel, Corey Butcher, and Nikki Creel. In that case, which you … Read more

FTC And CFPB Pledge To Work Together To Protect Consumers

It was announced today that the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) have signed an agreement to coordinate efforts to protect consumers in an effort to avoid duplication of federal law enforcement and regulatory efforts. The memorandum of the two agencies’ understand can be viewed here. The Dodd-Frank Wall Street … Read more

Consumer Disclosures in Debt Relief

When a person is struggling with debt and looking for outside help from a company or person, they should certainly have risks and rewards disclosed to them. Ideally, the disclosures would help a person to best evaluate which direction to take for help, and who to trust. A recent article by Elisabeth Rosenthal in the … Read more

Six Required To Pay Millions From “U.S. Homeowners Relief” Scheme

The Federal Trade Commission (FTC) announced they are requiring “U.S. Homeowners Relief” defendants to pay millions in their settlement along with banning them from the debt and mortgage relief business. The FTC had charged six defendants (that have agreed to settle) in the participation of a fraudulent mortgage modifications and foreclosure relief scheme. The settlement … Read more

Americall Will Pay $500,000 To Settle FTC Charges

Americall, an Illinois-based telemarketing firm will pay $500,000 civil penalty to settle Federal Trade Commission (FTC) charges that it interfered with consumers’ requests to be placed on company-specific do not call lists and transmitted deceptive Caller ID names. The FTC alleged that Americall Group, Inc violated the FTC’s Telemarketing Sales Rule (TSR) in it’s efforts … Read more

Refunds Now Being Sent To Victims Of Express Consolidation Debt Management Services

Four years after the Federal Trade Commission (FTC) filed a case against Randall Leshlin and his debt management services company, Express Consolidation, the FTC is mailing out refund checks to almost 3,000 consumers across the country that fell victim to worthless debt management services. The reimbursement stems from a February 2009 contempt finding against Florida … Read more

You Are Cordially Invited To The FTC’s Road Ahead Roundtable

Today, the Federal Trade Commission will host the third in a series of roundtables around the country to gather information on consumers’ experiences in the leasing of motor vehicles at dealerships. The roundtable also will address what has been learned about auto sales, financing and leasing at all of the roundtables; what consumer and business … Read more

Hope Now Schemers Officially Out Of The Mortgage Business

It’s official! The last remaining defendants in an allegedly fraudulent mortgage modification scheme called “Hope Now” have settled with the Federal Trade Commission (FTC) that will permanently ban them from the mortgage assistance and relief business. They will also be forced to return any fraudulent-earned gains to consumers. The settlement with Michael Kwasnik and his … Read more

Scam Recovery Kits Business Continues To Scam Buy Selling Scam Recovery Kits

(Try saying that title ten times fast) In March of this year the Federal Trade Commission (FTC) stepped up it’s efforts against scams that targeted financially strapped consumers with more than 90 actions brought by the commission and its law enforcement partners in a investigation called “Operation Empty Promises.” Within this investigation the FTC looked … Read more

Federal Government Job Scam Halted

The Federal Trade Commission (FTC) has halted a countrywide scheme that falsely promised consumers help to get federal government jobs through exclusive listings. According to the FTC, Frontier Publishing, doing business as American Data Group, targeted and charged consumers for information pertaining to federal government jobs (jobs that the federal government provides for free) but … Read more

FTC Catches Bad Press For Doing Job Over Nestlé Milk

The Christian Science Monitor posted an article, “Does the FTC really protect consumers?” straight from Mises Economics Blog. The article claimed that the FTC was putting protecting consumers from fraud on the back burner and appeared to be more concerned with “expanding the federal government’s monopoly over food-and-drug-related speech”. This bold statement was made over … Read more

Elizabeth Warren Fights for New Consumer Financial Protection Agency

I’m really happy to see my friend Elizabeth Warren out in front of new ideas to protect consumers from banks and lenders. Maybe the time has come that consumers will be entitled to some representation in government when it comes to banking products and the banking system. Ms. Warren, for years a scourge of Wall … Read more

Expert Testimony Worth Reading on H.R. 2309 the Consumer Credit Protection Act (Debt Settlement Industry Regulation)

The Consumer Credit and Protection Act was recently introduced in the House of Representatives to specifically address issues in some industries, including debt settlement. As boring as it sounds, I was actually reading the testimony of the expert witnesses at the recent committee meeting on the bill and found the segment below to be of … Read more