complaint

Feds Shut Down Loan Application Sites That Illegally Sold Personal Data

Feds Shut Down Loan Application Sites That Illegally Sold Personal Data

There are a lot of people who need to borrow money quickly but don’t know where to go for a loan. So they go online, where there are plenty of shady operators promising to connect loan applicants with lenders. What the borrower doesn’t know is that these lead generators may also be selling their personal information with third parties who have nothing to do with that loan. [More]

aresauburn™

Debt Collector Accused Of Taking Money From People Who Didn’t Owe Anything

As part of its ongoing efforts to crack down on unscrupulous debt collectors, the Federal Trade Commission has accused a North Carolina company of running a “phantom” debt collection scheme that went after people for money that they did not actually owe. [More]

Joachim Rayos

With DeVos Unwilling To Defend Rules, States Try To Protect Students Defrauded By For-Profit Colleges

Education Secretary Betsy DeVos has made it clear that she has no intention to defend regulations put in place to protect students at failed for-profit colleges. But a number of states are now attempting to step in to do the job the Department of Education won’t. [More]

Elliott Brown

Report: Feds Investigating Uber Over Privacy Violations

Uber’s awful week month year may have just gotten a bit worse, as sources report the ride-hailing company is now in the crosshairs of federal regulators. [More]

C_Dubyaa

Workers Say Chipotle Owes Them Overtime Pay

Last year, a federal court issued an injunction that put the brakes on a Department of Labor rule that would expand overtime pay to millions of workers. While the government isn’t enforcing the rule because of the court order, a new lawsuit filed against Chipotle argues that that shouldn’t stop employers from abiding by the terms. To that end, employees of the fast casual restaurant in New Jersey are seeking to recoup overtime pay they would have earned under the rule.  [More]

André-Pierre du Plessis

Ponzi Scheme Victims Say PayPal Knew User Was A Scammer

Victims of a Ponzi scheme that raked in hundreds of millions of dollars allege that online payment system PayPal were aware of the scam operator’s past but turned a blind eye because the company was making so much money from these fraudulent transactions. [More]

(scurzuzu)

Feds Sue Four Online Payday Lenders For Collecting On Void Debts

Last year, federal regulators released a report that found online payday lenders — despite their clean, professional websites — could be just as bad, if not worse, than their storefront counterparts. Today, the Consumer Financial Protection Bureau provided yet another example of how these companies can wreak havoc on consumers’ finances by skirting the law.  [More]

(jetsetpress)

Federal, State Agencies Accuse Ocwen Of Mortgage Errors, Illegal Foreclosures

We may be years removed from the robo-signing, foreclosure free-for-all that ensued following the collapse of the housing market, but mortgage servicers continue to screw things up. Today, federal and state regulators sued one of the nation’s largest home loan companies, alleging widespread errors that caused borrowers to lose money, and in some cases their homes.  [More]

(Tim Knifton)

FTC Shuts Down Tech Support Scammers Pretending To Work For FTC

Con artists love pretending to be from the federal government; it can lend an immediate air of far-reaching authority to whatever scam they are pulling. Similarly, play-acting as a tech support expert can take advantage of everyday folks’ lack of knowledge about the inner workings of their electronics. One Florida man allegedly tried to combine these two beloved character types into one Reese’s Peanut Butter Cup of fraud, only to be shut down by the very agency he impersonated. [More]

Feds Shut Down “Risk-Free” Online Marketing Scheme Peddling Golf, Kitchen Products

Feds Shut Down “Risk-Free” Online Marketing Scheme Peddling Golf, Kitchen Products

As we’ve mentioned before, many companies try to lure consumers into purchasing products — be it skincare treatments or weight-loss supplements — by plastering offers for “free” or “risk-free” trails on advertisements. But as federal regulators reminded us once again, these deals often aren’t free, and don’t come without risk[More]

Feds Say Invention Marketing Firm Used Bogus Testimonials, Threatened To Sue Clients

Feds Say Invention Marketing Firm Used Bogus Testimonials, Threatened To Sue Clients

Getting your awesome invention from scribble to prototype to store shelves is often no simple task, but one company that promised to help amateur inventors patent and market their creation has been shut down by a federal court after being accused of bilking millions of dollars from its clients.  [More]

(Sapurah Lashari)

Stratford Career College Settles Charges It Deceived Students Over Diploma Program

Obtaining a high school diploma can be a gateway for a consumers’ future, whether it be moving on to a college or university or scoring a job. But, as thousand of students of Stratford Career Institute found, a diploma is only good if it’s recognized. To that end, the correspondence school has agreed to a suspended $6.5 million settlement resolving federal regulator’s allegations that it misled students about its high school diploma course.  [More]

Student Loan Giant Navient Sued By CFPB & Two States Over Alleged Illegal Practices

Student Loan Giant Navient Sued By CFPB & Two States Over Alleged Illegal Practices

Eighteen months after Sallie Mae spin-off Navient revealed that its wholly-owned subsidiary Navient Solutions Inc could one day be on the receiving end of a federal lawsuit related to its student loans servicing practices, the day has come to pass. The Consumer Financial Protection Bureau, along with two states, filed lawsuits against the nation’s largest student loan company for allegedly cheating borrowers out of repayment rights.  [More]

hildeaux

Feds Halt Phony Rental Home Scheme That Raked In Millions In Bogus Credit Check Fees

For years now we’ve been warning consumers about the apartment rental credit check scam: a scheme where homes (that may not even exist) are listed online with the sole purpose of tricking prospective renters into paying for “credit checks” that will never be done. Today, federal regulators announced they had put a stop to one company accused of using bogus listings and fees to swindle millions out of hopeful tenants. [More]

Qualcomm Faces Anti-Trust Lawsuit Over Patents, Licensing

Qualcomm Faces Anti-Trust Lawsuit Over Patents, Licensing

Your phone might say “Apple” or “Samsung” or “LG” on the outside, but inside there are parts from dozens of companies, including Qualcomm, which now stands accused by federal regulators of using anticompetitive tactics to maintain an alleged monopoly on one important cell phone component. [More]

MeneerDijk

Medical Debt Collection Firms Must Refund $577K For Threatening Consumers

In this latest episode of Debt Collectors Behaving Badly, we bring you the tale of two medical debt collection law firms who must now refund hundreds of thousands of dollars after they were caught falsely claiming that attorneys were involved in collection actions. [More]

CA Man Who Posed As Immigration Lawyer Charged With Defrauding Consumers

CA Man Who Posed As Immigration Lawyer Charged With Defrauding Consumers

Two weeks after New York Attorney General Eric Schneiderman, along with a number of immigration advocates, warned all consumers about the possible increased risk of immigration fraud following the recent presidential election, his counterpart in California charged the owner of one such operation that allegedly defrauded countless immigrants.  [More]