On April 2, 2010, the Federal Trade Commission (FTC) released its 2010 annual report on the number of complaints against debt collectors. All of the complaints, if proven to be true, would be violations of the Fair Debt Collection Practices Act (FDCPA) by debt collectors. The FDCPA prohibits deceptive, unfair, and abusive practices by third-party [...]
Entries Tagged as 'Consumer complaints'
FTC Annual Report to Congress Shows Debt Collection Violations Up
April 13th, 2010 · 2 Comments · Debt Collection
Tags: ACA International·annual report·complaints·Consumer complaints·debt collectors·FDCPA·FTC·third-party debt collectors
Banks Rethink Overdraft Fees
September 30th, 2009 · 4 Comments · Banking
We’ve written about overdraft banking fees before, and they way the abuse the system to milk maximum fees. So numerous and loud were consumer complaints that Congress has responded with proposed bills in the House and Senate. The Federal Reserve is also being pressured to issued new rules. This has the banking industry quaking in [...]
Tags: bank of america·Carolyn Maloney·Christopher DOdd·Consumer complaints·JP Morgan Chase·over draft fees·overdrafts·Wells Fargo
Debt Collectors Top List of Consumer Complaints for 2008
September 14th, 2009 · 4 Comments · Collection Agencies, Debt Collection
I know this may come as an unbelievable surprise to many of you (yeah, right) but an annual survey conducted by the National Association of Attorneys General (NAAG) once again placed debt collection agencies at the prestigious top position for consumer complaints for this past year. It isn’t that we here at creditinfocenter are picking on the debt collection industry, but [...]
Tags: Attorney Generals·Consumer complaints·consumer protection statutes·Debt Collection·debt collection agencies·debt collectors·NAAG·NAAG Consumer Protection Project·State Attorneys General
