Posts tagged as:

FTC

Thumbnail image for Federal Trade Commission Warns Consumers Away from Credit Repair

Federal Trade Commission Warns Consumers Away from Credit Repair

May 6, 2010

Widespread misleading advertising from credit repair companies has drawn the attention of the Federal Trade Commission. Similar to the debt settlement industry, credit repair is fraught with bad operators who are more interested in collecting upfront fees, than actually helping struggling consumers. FTC attorneys have investigated the credit repair industry and have concluded that there’s [...]

0 comments Read the full article →
Thumbnail image for Senators Announce Debt Settlement Consumer Protection Act

Senators Announce Debt Settlement Consumer Protection Act

April 28, 2010

A press release came out of Senator Chuck Schumer’s office this afternoon announcing a bill he co-introduced today with Senator Claire McCaskill called the Schumer-McCaskill Debt Settlement Consumer Protection Act. The announcement was expected ever since the Washington Post published an article last Friday reporting that Senator Schumer was already at work on a bill [...]

0 comments Read the full article →
Thumbnail image for Federal Trade Commission Warns Consumers About Debt Settlement Companies

Federal Trade Commission Warns Consumers About Debt Settlement Companies

April 7, 2010

For the past couple of years, the debt settlement industry has been closely watched by the Federal Trade Commission (FTC). Debt settlement companies attracted this attention because of the high volume of deceptive advertisement they’ve been targeting consumers with. It’s no secret that millions of Americans are struggling with high debt balances, and many debt [...]

0 comments Read the full article →