FTC Returns Money to Consumers in Phantom Debt Collection Scam

The Federal Trade Commission is mailing checks totaling $16,428.74 to consumers harmed by an operation that used deception and threats to collect payday loan “debts” the consumers did not owe. In February 2012, the FTC charged American Credit Crunchers LLC and its owner, Varang Thaker, with victimizing consumers who had received or inquired about online […]