• FTC issues warning on fake debt collectors

    (CHICAGO) (WLS) — The Federal Trade Commission warns consumers about what they call fraudulent debt collectors.

    The agency says the companies included in a new lawsuit prey on people who have used online payday loan services. The lawsuit was filed against two companies and one individual. Officials say they used threats and scare tactics to get people to make payments they do not really owe.

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  • Authorities: Debt-collector scam bilked millions

    A phone scam in which callers in India posed as debt collectors bilked millions of dollars out of more than 10,000 U.S. residents by using threats of arrest or the loss of their jobs, U.S. authorities said Tuesday in what they described as a first-of-its-kind investigation.

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