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In a recent press release, the Federal Trade Commission announced that it had reached a settlement with United Debt Counselors, a national debt relief company, which was accused of exaggerating the amount of money consumers would save by using it services. The FTC said that the company sent official looking documents in direct mail marketing […]

In its press release, the Federal Trade Commission announced that it is distributing more than $148,000 two victims of Payday Support Center, a debt relief scam that focused on consumers who owed payday loans. Payday Support Center offered a “hardship program” to supposedly resolve outstanding payday loans. Allegedly, Payday Support Center had people send money […]

According to a Federal Trade Commission press release, GC Services has agreed to pay a $700,000 civil penalty to the FTC for allegedly revealing consumers’ student loan debt to third parties. The FTC noted that GC Services collects on defaulted U.S. Department of Education loans as well as other types of debt. Under the stipulated […]

The Federal Trade Commission (FTC) issued a report to the Consumer Financial Protection Bureau (CFPB) regarding the FTC’s enforcement of the Equal Credit Opportunity Act (ECOA). The ECOA, which was enacted in 1974, prohibits creditors from discriminating on the basis of protected classes of people. It also prevents creditors from not counting certain sources of […]