Firms Settle FTC’s First Case Against Car Title Lenders

Two car title lenders settled Federal Trade Commission charges requiring them to stop using deceptive advertising to market title loans. The complaints mark the first time the FTC has taken action against car title lenders. Collection & Credit Risk

By |2017-05-20T11:45:12-05:00January 31st, 2015|FDCPA|Comments Off on Firms Settle FTC’s First Case Against Car Title Lenders

Nine-Year Prison Sentence in First CFPB Criminal Case Referral

Michael Levitis, the owner of a New York debt settlement company, was sentenced to nine years in prison Wednesday after pleading guilty in a fraud scheme that law enforcement officials said victimized 1,200 people with false promises of relief from credit card companies and banks. Collection & Credit Risk

By |2014-11-23T06:16:53-06:00November 23rd, 2014|FDCPA|Comments Off on Nine-Year Prison Sentence in First CFPB Criminal Case Referral

Regulators File Amicus Brief in Collection Case

The Consumer Financial Protection Bureau and Federal Trade Commission filed an amicus brief in the case of Hernandez v. Williams, Zinman & Parham, which concerns the interpretation and enforcement of the Fair Debt Collection Practices Act. Collections - Other Consumer

By |2014-08-21T22:12:35-05:00August 21st, 2014|FCRA|Comments Off on Regulators File Amicus Brief in Collection Case

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