Defendants in FTC Credit Repair Scheme Case Agree to Settle Charges

The operators of a bogus credit repair scheme are banned from the credit repair business and subject to a wide array of other requirements under settlement terms with the Federal Trade Commission. The settlements relate to an FTC complaint filed in June 2019 alleging that the defendants targeted consumers with false promises of substantially improving […]

FTC Completes Review of Holder Rule

The Federal Trade Commission announced today that it has completed its review of the Holder Rule, which protects consumers who purchase goods and services using credit obtained through a merchant. As part of its systematic review of all its rules and guides, the FTC in November 2015 sought public comment on the Holder Rule, including […]

FTC Mails Refund Checks to Consumers Allegedly Defrauded by Telemarketers Who Charged a Fee, Promising to Help Lower Their Credit Card Interest Rates

An administrator working for the Federal Trade Commission today began mailing refund checks to more than 4,800 consumers allegedly defrauded by National Card Monitor, LLC (National), a telemarketing operation that promised to substantially lower consumers’ credit card interest rates for an advance fee. In July 2013, National settled an FTC complaint, agreeing to provide the […]