16
October
2011
The federal and state governments are incorporating FTC Act (Section-5), FTC telemarketing sales rules and Uniform Debt Management Services Act into their legislation. With the implementation of these new laws, it will be improper and unlawful for ordinary professionals to identify themselves as deb
8
October
2011
The Federal Trade Commission has warned more than 18 websites providing free credit report that have unable to comply with the Federal rules and regulations. The FTC states that they need to disclose the fact that a free report is available under federal law. According to the amendment of the Free C
2
October
2010
The Federal Trade Commission (FTC), in order to maintain control over the debt-service industry, has enacted certain additional restrictions to the Telemarketing Sales Rule (TSR). According to FTC, these restrictions are essential to increase the agency’s control over the debt-relief providers.
1
October
2010
The Federal Trade Commission (FTC) is all set to modify the notices that credit bureaus provide to consumers in accordance with the provisions of the Fair Credit Reporting Act (FCRA). Under the FCRA, the credit bureaus must supply the consumers with notices that summarize the consumers’ rights
26
August
2010
The new Telemarketing Sales Rule of the Federal Trade Commission is all set to give a tough fight to the menace of debt relief scams from September, 2010. Growing debt relief scams have become a serious threat to the distressed consumers who are looking for some solution to their debt problems. Nu
13
June
2010
A sudden increase in FDCPA lawsuit filing against unfair practices of debt collection has been noted in recent times. Over 850 different debt collection agencies and creditors were named in about 950 distinct consumer statute lawsuits in May 2010. And the figures are estimated to shoot up even highe
3
November
2009
The debt free making system has helped hundreds people stuck in never ending and ever deepening debts. The debt settlement companies are trying to help the customers but are facing immense problem. The Federal Trade Commission (FTC) is trying to fight against abusive telemarketing by the settleme
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