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Judge Blocks FTC’s Attempts to Collect on $1.5M Judgment

Account Recovery

A District Court judge in Nevada has blocked the Federal Trade Commission’s attempt to use the Fair Debt Collection Practices Act to collect on a judgment against a defendant in an enforcement action, who was found liable by a judge back in 2013 for $1.5 The Background: Back in 2011, the FTC accused a […]

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FTC Secures $24M Judgment Against Collection Agency

Account Recovery

A $24 million judgment has been entered against a collection agency and one of the agency’s co-owners has been ordered to divest himself of his ownership stake in the company that purchased the collection agency in question after it was accused by the Federal Trade Commission of collecting on “phantom” payday loans, “purported” (..)

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Daily Digest – November 30. FTC Secures $24M Judgment Against Collection Agency; Appeals Court Affirms Ruling in FDCPA Class Actio

Account Recovery

FTC Secures $24M Judgment Against Collection Agency; Appeals Court Affirms Ruling in FDCPA Class Actio appeared first on AccountsRecovery.net.

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Defendants Settle With FTC, Agree to Lifetime Ban From Collection Industry

Account Recovery

The Federal Trade Commission yesterday announced settlements in a pair of cases it brought under Operation Corrupt Collector, where each of the defendants have agreed to lifetime bans from working in the collection industry and will turn over all the money in their bank accounts to satisfy more than $27 million in judgments that were … The post (..)

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Settlement With FTC Bans Defendants From Collections, Imposes $675k Fine

Account Recovery

A company that made cash advances to small businesses has reached a settlement with the Federal Trade Commission that will see the defendants pay $675,000 while also being permanently banned from participating in any debt collection activities.

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Collection ‘Kingpin’ Accused of Destroying Evidence

Account Recovery

A collection “kingpin” who has been sued by the Consumer Financial Protection Bureau and the Attorney General of New York for hiding assets in order to avoid paying a $60 million judgment is now being accused of destroying evidence by trading in his cell phone for a new one, which got […] New phone, who dis?

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Collectors Banned From Industry in Settlement with FTC

Account Recovery

The remaining defendants in a lawsuit filed by the Federal Trade Commission have reached a settlement, under which they will be permanently banned from participating in the collection industry as well as surrender funds in a number of bank accounts and the title to a Mercedes as part of a $12 million judgment that has … The post Collectors Banned (..)

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