Lawsuit After Fake Courtroom Collection Stories Will Proceed
A libel lawsuit against a Pennsylvania newspaper and three reporters will continue following a ruling by the Pennsylvania Superior Court. A judge brought the suit following a fake courtroom debt collections case.  more »
The head of an allegedly unlawful debt collection operation is banned from that business under a court order obtained by the Federal Trade Commission. more »
The operators of an alleged mortgage relief scam are charged with bilking millions of dollars from homeowners by falsely telling them they could join a so-called "mass joinder" lawsuit that would save them from foreclosure and provide additional financial awards. more »
Debt collectors, credit card companies and mortgage lenders have borne the brunt of the Consumer Financial Protection Bureau's public enforcement actions over the past four years, yet banks have paid the most in penalties and restitution, according to a new study released by an agency insider. more »
Bloomberg News
Consumer groups said Monday they are pushing back against Rep. Debbie Wasserman Schultz, the head of the Democratic National Committee who has gone to bat for the payday lending industry.
Consumer advocates are urging the Consumer Financial Protection Bureau to strengthen its proposal to rein in payday lending, arguing it would still allow borrowers to be abused. more »
Adli Dasuqi and his companies, American Handicapped Inc. and American Handicapped and Disadvantaged Workers Inc., agreed to settle FTC charges that they tricked consumers into buying household products on the pretext that the proceeds would help disabled people. more »
The FTC's annual report on enforcement actions involving the Electronic Fund Transfer Act, the Truth in Lending Act and the Consumer Leasing Act highlights seven new or ongoing cases involving EFTA issues in 2015. more »
The Better Business Bureau of Central New England is reporting complaints from consumers about fake debt collection calls that include threats of arrest and wage garnishment if bills are not paid. more »
The CFPB filed a lawsuit Monday against the payment processer Intercept Corp. and its two top executives for allegedly enabling clients to withdraw millions of dollars' worth of illegal charges from consumer bank accounts. more »
A federal court jury in Utah delivered a verdict in favor of the FTC against three Utah-based firms and their owner, finding that they engaged in deceptive and unlawful telemarketing campaigns. more »
Washington State Attorney General Bob Ferguson filed a lawsuit Thursday accusing a Florida-based company and its owners of charging students illegal fees for debt relief services. more »
The Consumer Financial Protection Bureau reached an $85,000 settlement Wednesday with a former Wells Fargo mortgage loan officer. more »
Two operations that allegedly ran student loan debt relief schemes are being targeted by the FTC and regulators in Florida while defendants in a similar action brought earlier this year agreed to a ban. more »

Email Newsletters

Get the Payments Update and the Morning Scan when you sign up for a free trial.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.