ACA International is supporting legislation and policy changes designed to help stop "Operation Choke Point" - the program in which the FDIC and Department of Justice reportedly applied pressure to financial institutions to cut off services to certain licensed, legally operating industries. Collection & Credit Risk
A mortgage relief operation has settled Federal Trade Commission charges that they illegally charged upfront fees for services they falsely promised would reduce consumersÂ’ mortgage interest rates or monthly payments. Collection & Credit Risk
Connecticut regulators have fined the head of a Native American tribe and the two payday loan companies it owns a total of $ 1.5 million for allegedly violating a state cap on interest rates. Collection & Credit Risk
A Florida-based mortgage modification business and its owner are banned from the industry as part of a settlement resolving Federal Trade Commission charges that he tricked financially strapped consumers into paying for mortgage-relief services that he never provided. Collection & Credit Risk
Two companies allegedly violated the FTC Act and grossed more than $ 11 million through a diploma mill scheme, according to a complaint. Collection & Credit Risk
