Defendants in FTC Credit Repair Scheme Case Agree to Settle Charges
* * *
- Defendants face monetary judgments, bans from credit repair business, and prohibitions on other deceptive practices
* * *
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
The settlements relate to an
"These companies promised to clean up people's credit, but failed to deliver," said
Under the terms of the settlements, the defendants are permanently banned from operating or promoting any credit repair service. They also are prohibited from misleading consumers about financial services like credit offerings or debt relief and from further violations of the
To resolve the
The settlement (https://www.ftc.gov/system/files/documents/cases/x190030grandtetonwyomingorder.pdf) with defendants
The settlement (https://www.ftc.gov/system/files/documents/cases/x190030atomiumcoloradoorder.pdf) with defendant
The settlement (https://www.ftc.gov/system/files/documents/cases/x190030startupmastersnjorder.pdf) with defendant
If it is determined that any of the defendants in the settlements misled the
The Commission votes approving the stipulated final orders were 5-0. The
NOTE: Stipulated final orders have the force of law when approved and signed by the District Court judge.
* * *
The
Press Release Reference:
FTC Stops Operators of Fake Credit Repair Scheme (https://www.ftc.gov/news-events/press-releases/2019/06/ftc-stops-operators-fake-credit-repair-scheme)
Programme of members of the Federal Council attending the WEF Annual Meeting 2020
Federal reps push Trump, FEMA to overturn denial of flood aid for local homeowners
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News