Posted by: Heather Behrmann American Banker website By Lisa McGreevy Last week the Federal Deposit Insurance Corp. confirmed what we, in the short-term lending industry,…
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OLA in the News
Posted by: Liz Jones By Jim Puzzanghera, Los Angeles Times February 22, 2012, 5:43 a.m. Reporting from Washington— Federal regulators warned of a new scam in…
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.
A federal judge in Chicago moved to shut businesses that allegedly used illegally obtained personal financial data to make threatening debt collection calls from India to thousands of consumers who didn’t owe them money.
