Tag: debt_collection
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FTC Action Results in Court Issuing Temporary Restraining Order Halting Phantom Debt Collection Operation
A federal court has temporarily halted and frozen the assets of a debt collection operation accused of using false threats to collect more than $20 million in often-fictitious debts.
Law EnforcementBusinessLegalFinancial MarketsSocial Issues Federal Trade Commissionphantom debt collectiontemporary restraining orderdebt collectionconsumer protectionfalse threatsfederal court
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FTC Halts $200 Million Credit Repair Scam Involving 17 Companies
The FTC has temporarily halted a sprawling credit repair scheme involving 17 companies that allegedly scammed consumers out of nearly $200 million through deceptive practices and illegal fees.
BusinessLaw EnforcementPolitics and GovernmentFederal GovernmentLegalEconomyFinancial MarketsSocial Issues FTCCredit RepairConsumer FraudScamFederal CourtIllegal FeesDebt Collection
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Senate Moves to Challenge BCFP Rule Withdrawals on Servicemembers and Medical Debt
The Senate is reviewing two joint resolutions to disapprove BCFP rule withdrawals. S.J.Res.132 concerns servicemember financial risks, while S.J.Res.141 addresses medical debt collection, aiming to restore consumer protections.
Politics and GovernmentBusinessGeneral PoliticsFederal GovernmentCongressEconomyLegal SenateBureau of Consumer Financial ProtectionJoint ResolutionsServicemembersMedical DebtConsumer ProtectionDebt CollectionU.S. Library of Congress