The Federal Trade Commission charged two credit repair marketers with violating federal law by collecting advance payment for credit repair services and falsely promising to remove derogatory information from consumers’ credit reports – even if the information is accurate and not obsolete. At the Commission’s request, a federal court halted the defendants’ allegedly unlawful business […]
Monthly Archives: September 2008
FTC Obtains Court Order Against Husband-Wife Credit Repair Team
The Federal Trade Commission charged two credit repair marketers with violating federal law by collecting advance payment for credit repair services and falsely promising to remove derogatory information from consumers’ credit reports – even if the information is accurate and not obsolete. At the Commission’s request, a federal court halted the defendants’ allegedly unlawful business […]
FTC Announces Public Workshop on Basics of the Premerger Notification Program
The Federal Trade Commission today announced that the Bureau of Competition’s Premerger Notification Office will host a half-day workshop on the basics of the U.S. premerger notification program in Washington, DC, on October 23, 2008. The workshop, which is free and open to the public, is being held in recognition of the 30th anniversary of […]
Bear Stearns and EMC Mortgage to Pay $28 Million to Settle FTC Charges of Unlawful Mortgage Servicing and Debt Collection Practices
The Bear Stearns Companies, LLC and its subsidiary, EMC Mortgage Corporation, have agreed to pay $28 million to settle Federal Trade Commission charges that they engaged in unlawful practices in servicing consumers’ home mortgage loans. The companies allegedly misrepresented the amounts borrowers owed, charged unauthorized fees, such as late fees, property inspection fees, and loan […]
Bear Stearns and EMC Mortgage to Pay $28 Million to Settle FTC Charges of Unlawful Mortgage Servicing and Debt Collection Practices
The Bear Stearns Companies, LLC and its subsidiary, EMC Mortgage Corporation, have agreed to pay $28 million to settle Federal Trade Commission charges that they engaged in unlawful practices in servicing consumers’ home mortgage loans. The companies allegedly misrepresented the amounts borrowers owed, charged unauthorized fees, such as late fees, property inspection fees, and loan […]
FTC Commissioners React to Department of Justice Report, Competition and Monopoly: Single-Firm Conduct Under Section 2 of the Sherman Act
Today the U.S. Department of Justice (DOJ) independently issued a report on Section 2 of the Sherman Act, the statute that protects Americans from predatory or monopolistic harm. The Federal Trade Commission does not join or endorse this report. Commissioners Pamela Jones Harbour, Jon Leibowitz, and J. Thomas Rosch jointly issued a statement responding to […]
FTC Commissioners React to Department of Justice Report, Competition and Monopoly: Single-Firm Conduct Under Section 2 of the Sherman Act
Today the U.S. Department of Justice (DOJ) independently issued a report on Section 2 of the Sherman Act, the statute that protects Americans from predatory or monopolistic harm. The Federal Trade Commission does not join or endorse this report. Commissioners Pamela Jones Harbour, Jon Leibowitz, and J. Thomas Rosch jointly issued a statement responding to […]
Commission Approves Final Consent Order in the Matter of We Give Loans, Inc.; FTC Approves Final Consent Order in the Matter of American Advance.com
Commission approval of final consent orders – Following a public comment period, the Commission has approved the issuance of a final consent order in the matter concerning We Give Loans, Inc., as well as the issuance of letters to the commenters of record. The vote approving issuance of the final order was 4-0. (FTC File […]
Commission Approves Final Consent Order in the Matter of We Give Loans, Inc.; FTC Approves Final Consent Order in the Matter of American Advance.com
Commission approval of final consent orders – Following a public comment period, the Commission has approved the issuance of a final consent order in the matter concerning We Give Loans, Inc., as well as the issuance of letters to the commenters of record. The vote approving issuance of the final order was 4-0. (FTC File […]
Eligible Consumers Have 11 Days to Apply for Airborne Refunds
September 15 is the last day for eligible consumers who purchased Airborne products over a six-year period to apply for refunds. Details on eligibility can be found at www.airbornehealthsettlement.com. “We want to get the word out to everyone who qualifies for these refunds,” said Lydia Parnes, Director of the Federal Trade Commission’s Bureau of Consumer […]