Debt Relief Compliance Attorney

Month: March 2018

Felix Shipkevich March 28, 2018
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FDIC Orders Cross River Bank and Affiliates $20 Million in Restitution to Consumers The Federal Deposit Insurance Corporation (FDIC) announced settlements with Cross River Bank, Teaneck, New Jersey, and its institution-affiliated party, Freedom Financial Asset Management, LLC (FFAM), San Mateo, California, for unfair and deceptive practices in violation of Section 5 of the Federal Trade […]

Felix Shipkevich March 27, 2018
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FTC and NY Attorney General Ban Debt Collectors From Industry Last week the FTC announced that on March 20th the U.S. District Court for the Western District of New York finalized orders to permanently ban seven debt collection companies and three individual defendants from the bebt collection industry. The order against Travell Thomas and his company […]

Felix Shipkevich March 20, 2018
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The Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) share overlapping jurisdiction on debt collection, payday lending, and consumer financing. The FTC has been around for decades establishing itself as the largest federal consumer protection agency taking action against telemarketing fraud, false advertising, identity theft, and take legal action against businesses that […]