debt collection

$3 Million Returned to Businesses that Paid for HomeAdvisor Memberships as a Result of Deceptive Practices

The Federal Trade Commission is sending more than $3 million in refunds to businesses that paid for memberships to HomeAdvisor, Inc., a company affiliated with Angi (formerly known as Angie’s List). The agency is also sending claim forms to businesses that are eligible for additional refunds. The refunds stem from FTC allegations that HomeAdvisor used …

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18 Million in Refunds for Brigit Consumers Harmed by Deceptive Promises About Cash Advances

The Federal Trade Commission is taking action against personal finance app provider Brigit, alleging that its promises of “instant” cash advances of up to $250 for people living paycheck-to-paycheck were deceptive and that the company locked consumers into a $9.99 monthly membership they couldn’t cancel. Brigit, also known as Bridge It, Inc., has agreed to …

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Arete Financial: Another Student Loan Debt Relief Company Bites The Dust. 3.3 Million Returned to Consumers

The Federal Trade Commission is sending payments totaling more than $3.3 million to consumers who were harmed by Arete Financial Group, a student loan debt relief operation that tricked consumers into making illegal upfront payments by pretending to be affiliated with the U.S. Department of Education and falsely promising student loan debt relief. In reality, …

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Credit Recovery, Inc. Shut Down for Fraudulent Collection Practices

As a result of action by the Federal Trade Commission and the Commonwealth of Pennsylvania, debt collection company International Credit Recovery, Inc. (ICR), officer Richard Diorio, Jr., and manager Cynthia Powell, have agreed to a permanent ban from the debt collection industry after being charged with engaging in bogus debt collection efforts against businesses and non-profits.  The FTC and …

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CFPB Fines Portfolio Recovery Associates Again For Repeated Debt Collection Violations

On March 23, 2023, the Consumer Financial Protection Bureau (CFPB) filed a complaint and proposed stipulated final judgment and order to resolve the Bureau’s claims against Portfolio Recovery Associates, LLC (PRA), one of the largest debt collectors in the United States. On September 9, 2015, the CFPB issued an order against PRA (2015 Order) to …

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$830,000 Returned to Students Misled by Saint James Medical School’s Deceptive Marketing Claims

The Federal Trade Commission is sending payments totaling more than $830,300 to 1,376 people who began their enrollment at Saint James School of Medicine between Fall 2016 and Summer 2021. The for-profit medical school in the Caribbean and its Illinois-based operators allegedly misled prospective students about their chances of success—both in passing a medical school …

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