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Archive for 'Federal Trade Commission'
Debt Collectors Settle with FTC for $3.3 million, Permanent Ban from Collecting
The Federal Trade Commission Thursday announced a settlement in a long-running case against two debt collection agency owners and their network of companies that threatened lawsuit and arrest over debts consumers often did not owe. The two principal owners of...
Read MoreDebt Collector Allied Interstate Will Pay $1.75 Million to Settle FTC Charges
One of the nation’s largest debt collectors, Allied Interstate, was charged by the Federal Trade Commission for making repeated collection calls to collect from the wrong person, to collect the wrong amount or both. Allied has agreed to pay $1.75 million...
Read MoreReviewing the Top 5 FDCPA Complaints in 2009
Each year the Federal Trade Commission (FTC) provides Congress with a report on the Fair Debt Collection Practices Act (FDCPA). While the report focuses heavily on the number of complaints received from consumers, it also summarizes actions that the FTC has taken...
Read MoreNY Law Firm Files 80,000 Suits a Year with 14 Lawyers
Cohen & Slamowitz has only 14 lawyers on staff, but it manages to file about 80,000 lawsuits a year. The Woodbury, N.Y., firm files debt collection suits, and it uses computer software to help prepare its cases, the New York...
Read MoreLaw Suits Piling up for Debt Collectors
Debt Collection Attorney Craig Kimmel is featured in this story from the Concord Monitor detailing the aggressive tactics that debt collectors employ to collect on debts they purchase for pennies on the dollar. Consumers reported being harassed and threatened. They...
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