Defendants in Two Phantom Debt Cases Will Be Banned from Debt Collection Industry

South Carolina companies used robocalls, illegal threats to convince consumers to pay non-existent debts Defendants in two Federal Trade Commission cases will be permanently banned from the debt collection industry as part of settlements resolving FTC charges they threatened consumers with legal action to collect on debts that did not exist. In complaints filed as … Read more

Regulators Pounce on Phantom and Abusive Debt Collectors

The Federal Trade Commission, along with more than 50 federal and state law enforcement partners, today announced a nationwide law enforcement and outreach initiative to protect consumers from phantom debt collection and abusive and threatening debt collection practices. This crackdown encompasses more than 50 enforcement actions against debt collectors engaged in these illegal practices brought … Read more