Consumer advisory: Co-signers can cause surprise defaults on your private student loans By Rohit Chopra – APR 22, 2014 SHARE THIS Share on Facebook Share on Twitter Share on LinkedIn Share on email Today, we released a report that describes complaints we received related to the private student loan industry’s practice of placing borrowers in… Read More

FTC Action Leads to Court Orders Against Scheme That Charged Millions of Dollars to Consumers’ Bank and Credit Card Accounts Without Their Consent At the Federal Trade Commission’s request, a federal district court has banned seven individuals, Ideal Financial Solutions Inc., and its subsidiaries from collecting or disclosing consumer information. Until the FTC filed its… Read More

FTC Brings Action against Lead-Generator Using Robocalls to Pitch Energy Savings Defendants Bombarded Consumers with Millions of Unwanted Illegal Recorded Calls The Federal Trade Commission has brought a federal court action to stop a telemarketing operation that allegedly made illegal robocalls promising consumers energy savings, in an effort to generate leads to sell to solar… Read More

Do not buy, sell, or collect on these debts By: Christopher Koegel, Assistant Director, Division of Financial Practices | Mar 21, 2016 11:19AM We’ve learned that portfolios of alleged payday loan debts serviced by AMG Services are circulating in the debt collection marketplace. The alleged lenders are USFastCash, 500FastCash, OneClickCash, Ameriloan, United Cash Loans, AdvantageCashServices,… Read More

FTC and Illinois Attorney General Halt Chicago-Area Operation Charged with Collecting and Selling Phantom Payday Loan Debts At the request of the Federal Trade Commission and the Illinois Attorney General, a federal court has temporarily halted a Chicago-area operation that allegedly threatened and intimidated consumers to collect phantom payday loan “debts” they did not owe,… Read More