FTC: Big Debt Buyer to Pay $2.5M for Misleading Consumers
A top consumer debt buyer will pay a $2.5 million civil penalty to settle charges with the Federal Trade Commission that it misrepresented debt owed by consumers and failed to uphold their rights.
The financial ...
Judge: Bank of America, Debt Collector Harassed Florida Woman
Bank of America and a contracted debt collector violated state law by harassing a 68-year-old Florida woman, repeatedly attempting to collect her deceased husband’s outstanding credit card bill of $16,651.52, ...
New Credit Report Dives Deeper into Consumer Payment History
If you are taking out a mortgage or equity line of credit, a new credit report with more detailed data on your financial history is now available to lenders and will soon include a new score to better determine ...
FTC Wants Sellers of ‘Work-from-Home’ Offers to Reveal More
The Federal Trade Commission has added protections for consumers pursuing “work-from-home” programs with changes to its Business Opportunity Rule that become effective March 1, 2012.
The changes simplify the ...
Bureau Eyes Predatory Lending Impact on Military Families
Any consumer can become a victim of predatory lending, but when it happens to vulnerable military service members and their families, the practice is even more reprehensible.
The U.S. Consumer Financial Protection ...
FTC Halts $69-Fee Scam Pushing Federal Jobs List
The Federal Trade Commission has banned a website publisher and telemarketer from peddling a federal jobs list for a $69 fee in a pitch that claimed the information was exclusive.
However, that information is available ...
FTC Rule Bans Upfront Fees on Some Debt Relief Services
A new telemarketing sales rule prohibits for-profit companies that sell debt relief services over the telephone from charging an upfront free, according to the Federal Trade Commission.
Starting Oct. 27, these companies ...
‘Deceptive’ Marketers Banned from Mortgage Fix Services: FTC
In three separate actions, the Federal Trade Commission said today it has settled with marketers who sold mortgage modification or foreclosure rescue services, but did not deliver what they promised after charging ...
FTC Warns 18 Websites of ‘Free Credit Reports’ Rule
The Federal Trade Commission has sent “warning letters” to 18 websites that claim to offer free credit reports, alerting the owners that they must comply with a new disclosure law.
The FTC’s amended Free Credit ...
Twitter Settles FTC Charges of Failing to Secure User Data
Micro-blogging giant Twitter has agreed to settle charges by the Federal Trade Commission that it failed to safeguard the personal information of its users.
It is the first case the FTC has brought against a social ...
