Residential district couple ordered to pay for $6.4M for pay day loan business collection agencies scheme

Residential district couple ordered to pay for $6.4M for pay day loan business collection agencies scheme

Federal Trade Comission Chairwoman Edith Ramirez announces a crackdown on misleading and debt that is abusive methods throughout a news meeting during the FTC’s head office November 4, 2015, in Washington, D.C.

A Federal Trade Commission crackdown regarding the commercial collection agency industry has lead to a $6.4 million settlement for victims of the residential district Chicago few whom went a phantom pay day loan commercial collection agency scheme, authorities stated Wednesday.

Charles and Chantelle Dickey of Oswego had been bought to pay for the total amount with a Chicago judge that is federal, and banned from running a business collection agencies agency.

It really is confusing from court papers whether or not the defendants’ assets, that have been frozen throughout the research, may be enough to cover the judgment. Continue reading “Residential district couple ordered to pay for $6.4M for pay day loan business collection agencies scheme”