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FTC and Illinois AG Secure Temporary Restraining Order Against Companies’ Deceptive Payday Loan Collection Practices

Debt Collection  •  FDCPA  •  FTC  •  FTCA  •  State AGs
FTC ​On March 30, the Federal Trade Commission (FTC) announced that the Northern District of Illinois granted the FTC and Illinois Attorney General’s request for a temporary restraining order against an Illinois payday loan collection operation.  The FTC and […]

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FTC and State AGs Announce Four Actions Against Debt Collectors as Part of Operations Collection Protection

Debt Collection  •  Default Servicing  •  FDCPA  •  FTC  •  Payday Lending  •  State AGs
FTC On January 7, 2016, the Federal Trade Commission (“FTC”) and its law enforcement partners announced four separate actions against various debt collectors.  The FTC stated that the actions were part of a continuing nationwide crackdown referred to as “Operation Collection […]

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Payday Lender and CFPB Settle Debt Collection Allegations for $10 Million

Auto Finance  •  CFPA  •  CFPB  •  Debt Collection  •  EFTA  •  FDCPA  •  Payday Lending
On December 16, 2015, the CFPB announced a consent order and settlement with a small-dollar lender concerning its debt collection practices in 15 states.  According to the consent order, the lender’s unlawful conduct allegedly included: […]

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CFPB Summarizes Supervisory Trends for May through August, 2015

Banking  •  CFPB  •  Credit Reporting  •  Debt Collection  •  Fair Lending / Fair Servicing  •  FCRA  •  FDCPA  •  Student Loans
On November 3, 2015, the Consumer Financial Protection Bureau (CFPB) released its Supervisory Highlights report​ detailing the Bureau’s supervision efforts for May through August of 2015. The report summarizes the violations of consumer protection laws the […]

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