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FTC Returns $2M to Consumers Who Paid High Upfront Fees to Get “Funding” for Expensive, Ineffective Training Programs
Bogus Debt Collectors Permanently Banned from Collections in FTC Settlement
16 CFR Part 640 and 698: Duties of Creditors Regarding Risk-Based Pricing Rule
Agency Information Collection Activities; Submission for OMB Review; Comment Request (Regulations B, E, M, and Z)
FTC Sends Refund Checks to People Harmed by Abusive Debt Collector
Claims Process Opens for Consumers Who Were Victimized by Fraudulent MoneyGram Transfers
Agency Information Collection Activities; Proposed Collection; Comment Request; Extension (Regs BEMZ)
FTC Data Shows Huge Spike in Cryptocurrency Investment Scams
FTC, CFPB Send Notice Letters to Landlords Regarding Pandemic Eviction Moratorium
FTC Sends More Than $11M in Refunds to Consumers Affected by Credit Card Interest Rate Reduction Scam
Cash Advance Firm to Pay $9.8M to Settle FTC Complaint It Overcharged Small Businesses
FTC, Illinois AG Send More than $4M to Consumers Affected by Stark Law Phantom Debt Scheme
Stark Law, LLC d/b/a Stark Recovery
The Federal Trade Commission and the Office of the Illinois Attorney General are sending payments totaling more than $4 million to more than 10,000 consumers who lost money to the Stark Law phantom debt collection scheme.
According a suit filed by the FTC and the Illinois Attorney General, Stark Law used a host of business names to target consumers who obtained or applied for payday or other short-term loans, pressuring them into paying debts they either did not owe or that the defendants had no authority to collect. The defendants allegedly called consumers and demanded immediate payment for supposedly delinquent loans, at times threatening consumers with lawsuits or arrest, falsely claiming they would be charged with “defrauding a financial institution” or “passing a bad check.”
FTC Staff Issues Note on Holder Rule and Large Transactions
Beam Financial Inc.
The FTC sued the operators of a mobile banking app, alleging that they falsely promised users high interest rates on their accounts and “24/7” access to their funds.
FTC Staff Provides Annual Letter to CFPB On Debt Collection Activities
Defendants in Two Phantom Debt Cases Will Be Banned from Debt Collection Industry In FTC Settlement
Displaying 121 - 140 of 658