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Federal Trade Commission chases phantom debt collectors with lawsuit filed in Chicago

By OLA in the News

One of the newest consumer scams involves debt collectors who bully consumers into paying debts they don’t owe.

One scheme, which has bilked U.S. consumers out of some $5 million so far, involved about 8 million phone calls originating in India. They were placed to American consumers over an eight-month period, the Federal Trade Commission said Tuesday.

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FTC issues warning on fake debt collectors

By OLA in the News

(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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