FOR IMMEDIATE RELEASE: September 8, 2016 CONTACT: Office of Communications Tel: (202) 435-7170 Prepared Remarks of Richard Cordray Director of the Consumer Financial Protection Bureau Wells Fargo Enforcement Action Press Call Washington, D.C. September 8, 2016 Thank you for joining this call. Today the Consumer Financial Protection Bureau is joining our partners at the Los Angeles… Read More


FTC Action: Payday Debt Relief Operation Banned from Debt Relief Business The owners of a debt relief operation that targeted consumers with outstanding payday loans will be banned from the debt relief business under settlements with the Federal Trade Commission. In February 2015, the FTC filed a complaint alleging that Jared Irby, Richard Hughes, Coastal… Read More


FOR IMMEDIATE RELEASE: September 12, 2016 CONTACT: Office of Communications Tel: (202) 435-7170 CONSUMER FINANCIAL PROTECTION BUREAU TAKES ACTION AGAINST BRIDGEPOINT EDUCATION, INC. FOR ILLEGAL STUDENT LENDING PRACTICES CFPB Orders Full Relief and Refunds for All Private Loans Made by the School Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) today took action against for-profit… Read More


In Daugherty v. Convergent Outsourcing, Inc., No. 15-20392, 2016 WL 4709712 (5th Cir. Sept. 8, 2016), the federal  Fifth Circuit Court of Appeals (which covers Texas, Louisiana, and Mississippi) agreed with the Sixth and Seventh Circuits that the Fair Debt Collection Practices Act requires disclosure of the fact that a debt is beyond the statute of limitations… Read More


— WASHINGTON, September 15, 2016 – The Federal Communications Commission today announced $11 million in fines against three related long distance carriers for “cramming” unauthorized charges onto consumer telephone bills, “slamming” consumers by switching their preferred phone carriers without authorization, deceptive marketing, and violating the FCC’s truth-in-billing rules. The companies, Central Telecom Long Distance, Consumer… Read More


Please contact us if you have received a collection letter from Hermanek & Gara on behalf of Rent A Center/ RAC Acceptance.… Read More


FTC Action: International Scammers Banned from Business Directory Business Overseas Defendants Targeted Small Businesses, Non-Profits in U.S. In an action brought by the Federal Trade Commission in 2013, a federal court has banned a Slovakia-based company and two of its executives from the business directory business, ending a scam that for years took millions of… Read More


Please contact us if a financial institution (1) issued a credit card to you without your requesting it or (2) opened any other type of account and you were charged fees on it or otherwise harmed.… Read More


FTC Action: NutraClick Must Change Billing Practices Consumers Lured by “Free” Trial Offers A nutritional supplement marketer called NutraClick has agreed to settle FTC charges that it lured consumers with “free” samples of supplements and beauty products and then violated the law by charging them a recurring monthly fee without their consent. According to the… Read More


FTC Action: Debt Collector Banned from Collection Business A debt collection company’s former vice president will be banned from the debt collection business under a settlement with the Federal Trade Commission. The FTC’s complaint against Commercial Recovery Systems Inc. (CRS), its president Timothy Ford, and its vice president David Devany, filed on its behalf by… Read More