Credit Card

Hot Air Balloon Festival Scam: What to do if you have been scammed

From Tampa to Palm Beach County and throughout the nation, a sophisticated scam is occurring which is encouraging people to purchase tickets to a hot air balloon festival the doesn’t actual exist and will never take place.  The scammers fraudulently use the name of real hot air balloon companies, adventure tour companies and real locations …

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Action to Stop Credit Karma From Tricking Consumers With Allegedly False “Pre-Approved” Credit Offers

The Federal Trade Commission has taken action against credit services company Credit Karma for deploying dark patterns to misrepresent that consumers were “pre-approved” for credit card offers. The FTC alleges that the company used claims that consumers were “pre-approved” and had “90% odds” to entice them to apply for offers that, in many instances, they ultimately did …

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More than $822,000 Returned to Students Deceived by Student Advocates’ Debt Relief Scam

The Federal Trade Commission is sending 14,521 checks totaling more than $822,000 to borrowers who lost money to a student loan debt-relief scheme that operated under the name Student Advocates. Consumers who receive checks should cash them within 90 days, as indicated on the check. Recipients who have questions about their refund should call the …

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First American, a Payment Processor, is Required to Refund $4.9 Million, End Tricks and Traps

The Federal Trade Commission today took action against payment processing company First American Payment Systems and two of its sales affiliates for trapping small businesses with hidden terms, surprise exit fees, and zombie charges. The FTC alleges that the defendants made false claims about fees and cost savings to lure merchants, many of whom had limited English …

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More Credit Card Interest Rate Reduction Scams Shut Down in Florida: YF Solution LLC, QSC Professionals

The operators of an alleged credit card interest rate reduction scam will be permanently banned from the debt relief industry as part of court orders resolving charges by the Federal Trade Commission and the Florida Office of the Attorney General. The defendants—Gino de Paz, Grace de Paz, and Shabana Khublal—allegedly engaged in deceptive and abusive …

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Florida Supreme Court Opens The Doorway To Excessive Credit Card Convenience Fees

In February (2022), the Florida Supreme Court issued an opinion allowing third party, red light, traffic ticket processors to charge credit card convenience fees.  See Pincus v. American Traffic Solutions, Inc. (2022). Incredulously, the Supreme Court found that a 5% credit card fee was not a commission (which would be prohibited by Florida Statutes), but …

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