Tag Archives: Federal Trade Commission

State AGs and FTC Combine Forces for Consumer Protection

State
A dozen bipartisan State Attorneys General and the Federal Trade Commission (FTC) recently instigated a medieval siege dubbed “Operation Game of Loans” against alleged student loan relief scams.  This coordinated nationwide enforcement effort targets companies charging upfront fees to consumers for promises  of relief from student loan debt – currently estimated to involve $95 million … Continue reading this entry

CFPB and FTC Stop Two Payday Lending Scams

In separate suits brought by the Consumer Financial Practices Bureau (“CFPB”) and the Federal Trade Commission (“FTC”) federal courts have frozen the assets of two separate groups who allegedly defrauded consumers by creating unauthorized payday loans. Payday loans are short term loans generally made in small amounts that are intended to be repaid out of the … Continue reading this entry

FTC Releases 2012 Annual Report of Consumer Complaints

Consumer complaints are playing a big role in the federal government’s identification of and investigations into violations of consumer protection laws. The Federal Trade Commission (“FTC”) recently released its 2012 annual report of consumer complaints, which revealed that consumer fraud complaints make up over half of all the 2012 complaints received by the FTC. The … Continue reading this entry

The Federal Trade Commission Counters Credit Monitoring Ads - With Its Own Ads

Under the Fair and Accurate Credit Transactions Act (“FACTA”), consumers are entitled to one free credit report per year from each of the three national consumer credit reporting companies. Unless you live under a rock (or without television), you have undoubtedly seen the ubiquitous commercials run by freecreditreport.com that portray an unfortunate group of musicians … Continue reading this entry

FACTA Red Flag Rules Run Into More Hurdles

The Red Flags Rules hit two more hurdles recently. On October 29, 2009 the U.S. District Court for the District of Columbia granted summary judgment to the American Bar Association to set aside an extended enforcement policy of the controversial Red Flags Rule in the Fair and Accurate Credit Transactions Act (“FACTA”) as it would … Continue reading this entry