Education Garnishment Trade 
Collection Industry News
NOVEMBER 25, 2024
The Federal Trade Commission is taking action against a Georgia-based debt collector that tricked consumers into paying more than $7.6 The company’s collectors call consumers out of the blue and threaten them with arrest, wage garnishment, and lawsuits if they don’t pay a supposed debt. The case will be decided by the court.
PDC Flow
FEBRUARY 27, 2025
In rare cases, a baiter may try to prompt the Consumer Financial Protection Bureau or Federal Trade Commission to deem the violations as unfair, deceptive, or abusive acts and practices (UDAAPs). Education: Educate your employees. Are you going to garnish my wages? Anytime a new bait comes along, alert your staff.
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Troutman Sanders
MARCH 22, 2021
Department of Education announced that about 72,000 student loan borrowers, who were defrauded by their schools, will receive student loan forgiveness that could total $1 billion. In recent days, many financial industry trade associations in dialogue with the CFPB have said they want to work with consumers struggling in the pandemic.
Troutman Sanders
MAY 23, 2023
Earlier this month, the Federal Trade Commission (FTC) modified its Telemarketing Sales Rule (TSR) guidance webpage to clarify the requirements for obtaining consent to deliver calls with prerecorded messages and the elements of assisting and facilitating liability. For more information, click here. For more information, click here.
Troutman Sanders
NOVEMBER 13, 2023
On November 9, the Department of Education (DOE) announced its plan to implement an oversight strategy of federal student loan servicers that provides several pathways for identifying problems that can harm borrowers, in real-time. For more information, click here. For more information, click here.
Better Credit Blog
JANUARY 26, 2022
The Federal Trade Commission (FTC) warns that many tax relief companies make false claims and take money upfront, but then fail to take the steps to resolve their client’s tax debts on their behalf,” says Holly Johnson over at GoodFinancialCents. Their employees and website resources are extremely credible.
Troutman Sanders
NOVEMBER 24, 2020
Federal Trade Commission (FTC) sent a warning letter to a financial aid company based in New York as part of its effort to monitor the marketplace for questionable claims arising from the COVID-19 pandemic. ” The toolkit offers small businesses free operational tools and educational resources to help reduce cyber risks.
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