FTC Cracks Down on Georgia Debt Collector for Deceptive …
— The Federal Trade Commission (FTC) has intervened against Global Circulation, Inc. (GCI), a Georgia-based debt collection agency accused of deceiving consumers into paying over $7.6 million in …
FTC Takes Action Against Phantom Debt Collector That Collected …
Nov 4, 2024 · The Federal Trade Commission is taking action against a Georgia-based debt collector that tricked consumers into paying more than $7.6 million in bogus debt by threatening them with jail time, harassing their family members, and other unlawful actions.
Podcast - The CFPB Highlights Alleged Deceptive Debt Collection ...
1 day ago · In this episode of his "Clearly Conspicuous" podcast series, "The CFPB Highlights Alleged Deceptive Debt Collection Practices," consumer protection attorney Anthony DiResta examines the Consumer Financial Protection Bureau's (CFPB) Summer 2024 Supervisory Highlights. The publication focuses on several areas of concern in consumer financial services, including auto and student loan servicing ...
Consumer bureau orders debt collection agency to shut down for …
Dec 15, 2023 · The Consumer Financial Protection Bureau on Friday ordered Commonwealth Financial Systems, a debt collection agency specializing in medical debt, to shut down as a result of what CFPB...
Debt Collection - Federal Trade Commission
Oct 3, 2024 · Some collectors harass and threaten consumers, demand larger payments than the law allows, refuse to verify disputed debts, and disclose debts to consumers’ employers, co-workers, family members, and friends. Debt collection abuses cause harms that financially vulnerable consumers can ill afford.
Debt Collectors Have Made a Fortune This Year. Now They ... - ProPublica
Oct 5, 2020 · Debt collection lawsuits provide a key source of revenue for the companies, a way to extract payment from consumers, typically low-income, who don’t offer it up. But now even that hiccup is...
Debt collector Intrum’s loan restructuring under fire from …
Jul 30, 2024 · A group of bondholders in Intrum, Europe’s largest debt collector, is preparing to try to block a crucial restructuring of its own €5.4bn borrowings after facing the threat of a writedown on...
FTC Provides Annual Letter on Debt Collection Activities
Nov 16, 2023 · The Federal Trade Commission has provided the Consumer Financial Protection Bureau (CFPB) with its annual summary of activities to protect consumers in the debt collection arena.
Will debt collectors sue over a $3,000 credit card debt? - CBS News
Nov 5, 2024 · The bottom line. While debt collectors may not automatically sue over a $3,000 credit card debt, they have the right to pursue legal action if they believe it's a viable option. Ignoring a debt in ...
Capital One and Other Debt Collectors Are Still Coming for …
Jun 8, 2020 · While new collection activity has dropped off, some major debt collectors have been laying the groundwork for a return to normal by filing suits by the thousands, according to a ProPublica...