Tag Archives: FTC

The Federal Trade Commission has reached a $20 million settlement with a company accused of violating the Fair Credit Reporting Act by improperly obtaining individuals’ credit reports and the FTC’s Red Flags Rule for failing to implement an identity theft program. The company, Vivint Smart Homes, will pay a $15 …

The Federal Trade Commission yesterday announced it is returning more than $4 million to 10,000 individuals who were scammed by a debt collector more than five years ago. The refunds were to replace money lost by individuals who were taken advantage of by a series of companies that allegedly threatened …

Much has been written about how changes at the top of the Consumer Financial Protection Bureau are going to impact the accounts receivable management industry, but there are two other government regulators that also police debt collectors — the Federal Communications Commission and the Federal Trade Commission. And each of …

The Federal Trade Commission yesterday announced a settlement with the owners and operators of a “vast payday lending” scheme that overcharged consumers by millions of dollars which will see all of the outstanding debts be forgiven and deemed paid in full while also banning the defendants from the lending industry. …

EDITOR’S NOTE: The following was authored by Amanda Payton, the vice president of compliance and risk management at Solutions by Text and is re-published here with her permission. Text messaging is the most widely utilized form of communication, with over 23 billion text messages sent daily worldwide. Consumers prefer to …

Along with his plans to nominate Rohit Chopra to be the new director of the Consumer Financial Protection Bureau, and the previously announced resignation of Ajit Pai as chairman of the Federal Communication Commission, President-elect Biden will get to select the head of another regulator with direct oversight of the …

The Seventh Circuit Court of Appeals has overturned a ruling from a lower court that fined the owner of a credit monitoring service $5 million for engaging in deceptive acts after it was sued by the Federal Trade Commission, in what is considered to be a stunning rebuke of a …

A former director of the Federal Trade Commission’s Bureau of Consumer Protection, who is now a law professor and a board member of the National Consumer Law Center, has come out and blasted the Consumer Financial Protection Bureau’s proposed debt collection rule, accusing the bureau of violating “email 101” and …

Every week, AccountsRecovery.net brings you the most important news in the industry. But, with compliance-related articles, context is king. That’s why the brightest and most knowledgable compliance experts are sought to offer their perspectives and insights into the most important news of the day. Read on to hear what the …

The Federal Trade Commission and Federal Communications Commission are having a tough time figuring out who should be the primary regulator going after individuals and organizations that are making illegal robocalls, according to a published report [Registration required]. Both sides appear to think the other has jurisdiction, according to the …