THE LEADING DEBT RELIEF INDUSTRY NEWS SOURCE

Latest Updates for the Debt Relief Industry

June 3, 2021

California Assembly Bill No. 1405 To Establish Fair Debt Settlement Practices Act Approved by CA’s House of Representatives

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May 25, 2021

The U.S. Senate Passes Resolution to Repeal the OCC’s “True Lender” Rule

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May 18, 2021

CFPB Reaches $5.4 Million Settlement with Debt-Settlement Company for Charging Consumers Unlawful Fees

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Federal Regulators

May 18, 2021

CFPB Reaches $5.4 Million Settlement with Debt-Settlement Company for Charging Consumers Unlawful Fees

March 10, 2021

CFPB Sues BrightSpeed for Alleged Internet-Based Scams

January 20, 2021

Student Loan Debt Relief Scammer Brandon Frere Agrees to Settle FTC Charges

January 20, 2021

Consumer Financial Protection Bureau Sues Debt Settlement Company FDATR, Inc., and Owners Dean Tucci and Kenneth Wayne Halverson

January 20, 2021

FTC Stops Debt Collector’s Alleged “Debt Parking” Scheme, Requires it to Delete Debts it Placed on Consumers’ Credit Reports

January 20, 2021

Consumer Financial Protection Bureau Settles with Debt Collector for Engaging in Deceptive Debt Collection Practices in Three States

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Top News, Webinar

October 21, 2020

WEBINAR: Overview of Legal and Regulatory Issues of Payments Processors in the Debt Settlement Industry

Top News, Webinar

August 31, 2020

The Debt Relief Industry During Covid-19: Assessing The Recent Regulatory And Market Changes

July 16, 2020

The Use Of Attorneys In Debt Settlement: Discussion Of Legal And Regulatory Issues

Consumer Financial Protection Bureau (CFPB)

May 18, 2021

CFPB Reaches $5.4 Million Settlement with Debt-Settlement Company for Charging Consumers Unlawful Fees

March 10, 2021

CFPB Sues BrightSpeed for Alleged Internet-Based Scams

January 20, 2021

Consumer Financial Protection Bureau Sues Debt Settlement Company FDATR, Inc., and Owners Dean Tucci and Kenneth Wayne Halverson

January 20, 2021

Consumer Financial Protection Bureau Settles with Debt Collector for Engaging in Deceptive Debt Collection Practices in Three States

January 20, 2021

Consumer Financial Protection Bureau Sues Debt Collector BounceBack, Inc.

January 20, 2021

Consumer Financial Protection Bureau Issues Final Rule on Consumer Disclosures Related to Debt Collection

Federal Trade Commission (FTC)

January 20, 2021

Student Loan Debt Relief Scammer Brandon Frere Agrees to Settle FTC Charges

January 20, 2021

FTC Stops Debt Collector’s Alleged “Debt Parking” Scheme, Requires it to Delete Debts it Placed on Consumers’ Credit Reports

November 13, 2020

FTC Settlement Requires Online Trading Academy to Forgive Consumer Debt, and Principals to Turn Over Millions in Cash and Assets

November 13, 2020

FTC, State, and Federal Law Enforcement Partners Announce Nationwide Crackdown on Phantom and Abusive Debt Collection

November 13, 2020

FTC Acts to Shut Down Unlawful Debt Collection Operation

September 26, 2020

Company Charged With Posing as SBA Lender Settles FTC Charges and Ceases Using ‘SBA Loan Program’ Website and Business Name

State Regulators

State, Top News

October 15, 2020

Study: Alabama consumers pay down millions in credit card debt in first half of 2020

State, Top News

June 23, 2020

Virus contributes to outbreak of consumer debt in Maine

State, Top News

June 23, 2020

Bill would close loophole on debt settlement companies, put them out of business in NC

Regulatory Alert, State, Top News

June 12, 2020

CA Bills No. 2443 and No. 2524 Pass the CA Assembly and Move to the CA Senate

Regulatory Alert, State, Top News

June 8, 2020

California Prorater Bill No. 2524 Amended

Regulatory Alert, State, Top News

June 3, 2020

California Proposed Prorater Bill No. 2524 was recently referred to the Appropriations Committee