FTC Announces $700,000 Settlement with Debt Collector

Yesterday the Federal Trade Commission (FTC) announced that it had agreed to a $700,000 settlement with GC Services Limited Partnership (GC) to resolve allegations that GC had used unlawful tactics to collect on federal student loans and other debts. A copy of the complaint filed with the settlement can be found here. A copy of the Settlement/Stipulation can be found here. 

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Just Updated: insideARM's CFPB Consent Order Report

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News and Opinion

from insideARM.com

» FTC Announces $700,000 Settlement with Debt Collector

» Interim Guidance Says 2-for-1 Regulation Rule Doesn't Apply to CFPB

» District Court Rules FDCPA Plaintiff Not Entitled to Second Bite of the Apple

» Democrats and Consumer Groups Seek Reconsideration in PHH Case

» Specifics of Hensarling Plan for CFPB Discovered in Leaked Memo

» Employers Beware: Ninth Circuit Finds Inclusion of Liability Waiver in FCRA Background Check Disclosure Form is a Willful Violation

» DCM Services, LLC Announces Acquisition by WILsquare Capital

» The Receivables Management Partners (RMP) Family Donates More Than $60,000 in 2016

Interim Guidance Says 2-for-1 Regulation Rule Doesn't Apply to CFPB

On January 30, The White House issued an Executive Order stating that for every new regulation proposed, two old ones must be proposed for elimination. That Order was thin on details and left many questions, including: how is a regulation defined, and does the Order apply to independent agencies such as the Consumer Financial Protection Bureau (CFPB)?

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insideARM Jobs

» Student Loan Collection Manager - Action Financial Services, LLC - Medford, OR

» Collection Manager for Healthcare - Medical Data Systems, Inc. - Vero Beach, FL

» Assistant Manager-Insurance - Medical Data Systems, Inc. - Sebring, FL

» Primary Account Manager - Kearns Brinen & Monaghan - Greenville, SC

» Legal Admin - Crown Asset Management, LLC - Duluth, GA

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Webinar: An Insider's Guide to the CFPB's New Complaint Portal

16 March 2017 at 02:00 p.m.

Get an insider's insight into the CFPB's new complaint portal, how it will work and what you need to know.

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