Collections & Credit Risk

Regulation

• Prepaid Phone Card Marketers Agree To $2.32M Settlement

  Collections & Credit Risk | February 2, 2012

  An operation that marketed prepaid calling cards to immigrants will pay $2.32 million as part of a settlement to resolve charges that they made false claims to consumers about the number of minutes of talk time the calling cards would deliver.

• Billing Scheme Operators Settle FTC Charges For Nearly $10M

  Collections & Credit Risk | February 1, 2012

  The FTC has stopped an operation targeting payday loan seekers that charged for worthless programs without consumers' consent.

• FTC Halts Nationwide Employment Scam

  Collections & Credit Risk | February 1, 2012

  An operation that allegedly deceived consumers with false promises of nonexistent sales jobs will be banned from marketing any employment products or services under a settlement with the Federal Trade Commission.

• Mixed Results For Lawsuits Against Collection Agencies, Creditors

  Collections & Credit Risk | January 27, 2012

  A review of lawsuits filed against collection agencies and creditors in the first two-week reporting period for 2012 shows that Fair Debt Collection Practices Act and Telephone Consumer Protection Act lawsuits are down from the same two-week period a year ago.

• North Carolina AG Bans Law Firm From Debt-Relief Work

  PaymentsSource | January 26, 2012

  A Florida law firm that claimed it would reduce consumers' debts has been banned from doing debt relief work in North Carolina, according to North Carolina Attorney General Roy Cooper's office.

• Arkansas AG Sues Online Payday Loan Operations

  Collections & Credit Risk | January 24, 2012

  Arkansas Attorney General Dustin McDaniel filed a consumer protection lawsuit Monday against a Missouri man and two companies that control six Internet payday loan Web sites.