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Debt Collectors Federal Trade Commission (FTC) Settlement

Cozen O'Connor

Debt Collectors Receive Lifetime Ban in Settlement with FTC, Pennsylvania AG

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The FTC and Pennsylvania AG Michelle Henry settled with International Credit Recovery, Inc. and two related individuals (collectively, “ICR”) to resolve allegations that ICR engaged in fraudulent debt collection efforts...more

Wiley Rein LLP

Wiley Consumer Protection Download (April 26, 2021)

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Welcome to Wiley’s update on recent developments and what’s next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC). In this newsletter, we analyze recent regulatory...more

Goodwin

FTC Reaches Settlement With Debt Collection Company for “Debt Parking” Scheme

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On November 30, 2020 the Federal Trade Commission (FTC) announced ​that it had reached a settlement with a debt collection company for its “debt parking scheme” (also known as “passive debt collection”)​​ in which the company...more

Goodwin

FTC Settles for Nearly $3.5 Million with Debt Collectors Over Alleged Debt Collection Scheme

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On September 7, 2018, the Federal Trade Commission (FTC) announced a settlement with a Georgia debt collection company and its principals over alleged illegal collection practices. In October 2017, the FTC filed an action...more

Goodwin

Financial Services Weekly News - November 2016 #2

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Editor's Note - FinTech at the Forefront. FinTech remains at the forefront of Washington’s discussions about how best to regulate financial products and services. As discussed in more detail below, the SEC announced the...more

Ballard Spahr LLP

FTC Enforcement Action against Debt Collector Ends in Record Settlement

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The Federal Trade Commission’s recent announcement that it entered into a record settlement with “the world’s largest debt collection operation” demonstrates that it intends to continue its vigorous enforcement of the Fair...more

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