Links in “FTC”

For over a decade consumers have been wary of identity theft and with all the technology at our fingertips today, this concern is bigger than ever. The FTC has released resources in order to combat this growing concern. [10/20/14]

CFPB and FTC will host a roundtable on debt collection practices on Latino consumers, especially those with limited English proficiency. [10/13/14]

Find out what the FTC has to say about FinCEN's proposed rule regarding strengthening customer due diligence requirements. [10/8/14]

The NCUA has repealed its regulations governing unfair or deceptive acts or practices. But don’t worry, this area is still being watched over by the FTC. [10/6/14]

Pinnacle Payment Services, LLC, has been banned from debt collection activities and is subject to a settlement fee of over $9 million after engaging in abusive debt collection practices. This is one of many recent cases involving the FTC halting illegal and abusive practices related to debt collection. [9/24/14]

The FTC is mailing over $1.7 million in refund checks to consumers harmed by AmeriDebt's fraudulent activities. This credit counseling and debt management scam led 60,813 consumers to believe they would be receiving training on how to handle finances and credit, but instead left them out to dry. The refund checks being sent add to the $15 million the FTC has already sent for this scam alone. [9/19/14]

A Missouri-based online payday loan company has received a temporary restraining order from the FTC due to illegal lending practices. In an 11-month period, the company issued $28 million in loans, and collected over $46.5 million. [9/18/14]

The CFPB and FTC have shut down two operations that swindled consumers who were looking for loans online and had money withdrawn from their bank accounts under false pretenses over a period of time. Victims said they couldn't stop the companies from drawing money out of their accounts. [9/18/14]

The FTC has responded to the CFPB’s request for information concerning the use of mobile financial systems. The FTC highlights five consumer protection issues and the risk mitigation steps that are in place to address these issues. [9/15/14]

Regulation AA is under review as the Federal Reserve Board requested comment to repeal the regulation. While this regulation would no longer fall under the Federal Reserve Board, unfair and deceptive practices would still be prohibited under the FTC and Dodd-Frank. [8/25/14]