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Federal Court Halts Phone Cramming Operation
A federal court has shut down a mobile phone cramming scheme that piled more than $100 million in charges on consumers’ mobile phone bills without permission.
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Federal and state regulators have obtained $92 million in debt relief from Colfax Capital Corp. and Culver Capital LLC, collectively known as Rome Finance, for service members and others harmed by a predatory lending scheme. more »
Several scams - including one involving debt collecting - are circulating in Pennsylvania. more »
Ohio Attorney General Mike DeWine
Ohio Attorney General Mike DeWine countered criticism of alleged favoritism in the state's debt collection program by announcing his office had a record year in collecting money owed to the state. more »
Collection agency Bounceback Inc., based in Kansas City, Mo., is accused in a federal lawsuit of "renting" county prosecutor seals to threaten people with jail time if they did not pay their debts. more »
Federal and state regulators announced legal action Wednesday against foreclosure relief defendants that used deceptive marketing tactics to collect illegal fees from struggling homeowners. more »
Federal and state regulators announced legal action Wednesday against foreclosure relief defendants that used deceptive marketing tactics to collect illegal fees from struggling homeowners. more »
A text message spammer and his company settled federal charges of sending millions of text messages and trolling for personal financial information. more »
A U.S. district court on Monday halted a Buffalo, N.Y.-based collection agency from doing business, froze the operation's assets and appointed a temporary receiver to take over the defendants' business pending trial. more »
The CFPB filed a lawsuit Monday against Georgia-based Frederick J. Hanna & Associates and its three principal partners for operating a collection lawsuit mill that uses illegal tactics. more »
Brownsville, Texas is getting close to joining 18 other cities in Texas in passing a law regulating payday and auto title lenders, city officials report. more »
The operators of the scheme the falsely promised to help consumers get loans, but instead used personal financial data to take money from bank accounts without consent, have settled FTC charges. more »
"When borrowers could not pay back their loans, ACE would subject them to illegal debt collection threats and harassment," the CFPB's Cordray said.
WASHINGTON — The Consumer Financial Protection Bureau has yet to issue broad rules for payday lenders, but the bureau's $10 million settlement with ACE Cash Express Thursday sends another strong message about the practices it may target. more »

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