U.S. Supreme Court Ruling Neuters FTC in Recovering Money From Scammers

Federal Trade Commission Acting Chairwoman Rebecca Kelly Slaughter issued the following statement regarding recent decision from the U.S. Supreme Court in the matter of AMG Capital Management LLC v. FTC: “In AMG Capital, the Supreme Court ruled in favor of scam artists and dishonest corporations, leaving average Americans to pay for illegal behavior,” Acting Chairwoman … 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

Native American Tribal Indian Payday Loans Found to Be Operating Illegally

The Federal Trade Commission has taken action against a payday lending operation that allegedly piled on undisclosed and inflated fees, and collected on loans illegally by threatening borrowers with arrest and lawsuits. The FTC has asked a federal court to stop the allegedly illegal business tactics while the agency pursues its case against the defendants. … Read more