FTC Cracks Down on Georgia Debt Collector for Deceptive …
— The Federal Trade Commission (FTC) has intervened against Global Circulation, Inc. (GCI), a Georgia-based debt collection agency accused of deceiving consumers into paying over $7.6 million in …
Federal Judge Orders Debt Collector Global Circulation To …
2 days ago · A federal judge has ordered debt collector, Global Circulation Inc. (GCI) to temporarily halt operations, following an FTC complaint that alleged GCI tricked consumers into paying more than $7.6 million in bogus debt by threatening them with jail time, harassing their family members, and taking other unlawful actions.. U.S. District Judge Eleanor S. Ross of the Northern District of Georgia ...
FTC Takes Action Against Phantom Debt Collector That Collected …
Nov 4, 2024 · The Federal Trade Commission is taking action against a Georgia-based debt collector that tricked consumers into paying more than $7.6 million in bogus debt by threatening them with jail time, harassing their family members, and other unlawful actions.
Capital One and Other Debt Collectors Are Still Coming for …
Jun 8, 2020 · While new collection activity has dropped off, some major debt collectors have been laying the groundwork for a return to normal by filing suits by the thousands, according to a ProPublica...
Debt Collection - Federal Trade Commission
Oct 3, 2024 · Some collectors harass and threaten consumers, demand larger payments than the law allows, refuse to verify disputed debts, and disclose debts to consumers’ employers, co-workers, family members, and friends. Debt collection abuses cause harms that financially vulnerable consumers can ill afford.
Consumer bureau orders debt collection agency to shut down for …
Dec 15, 2023 · The Consumer Financial Protection Bureau on Friday ordered Commonwealth Financial Systems, a debt collection agency specializing in medical debt, to shut down as a result of what CFPB...
Debt collector Intrum’s loan restructuring under fire from …
Jul 30, 2024 · A group of bondholders in Intrum, Europe’s largest debt collector, is preparing to try to block a crucial restructuring of its own €5.4bn borrowings after facing the threat of a writedown on...
FTC Provides Annual Letter on Debt Collection Activities
Nov 16, 2023 · The Federal Trade Commission has provided the Consumer Financial Protection Bureau (CFPB) with its annual summary of activities to protect consumers in the debt collection arena.
Podcast - The CFPB Highlights Alleged Deceptive Debt Collection ...
1 day ago · In this episode of his "Clearly Conspicuous" podcast series, "The CFPB Highlights Alleged Deceptive Debt Collection Practices," consumer protection attorney Anthony DiResta examines the Consumer Financial Protection Bureau's (CFPB) Summer 2024 Supervisory Highlights. The publication focuses on several areas of concern in consumer financial services, including auto and student loan servicing ...
Europe’s biggest debt-collector has a debt problem - The Economist
Jul 11, 2024 · Intrum, Europe’s biggest debt collector, has struggled to make its business of buying and settling bad loans work. Now it is under pressure from its own excessive borrowing.