A federal court has temporarily halted a Chicago-area operation that allegedly threatened and intimidated consumers to collect phantom payday loan “debts” they did not owe, or did not owe to the defendants at the request of the Federal Trade Commission and the Illinois Attorney General. The defendants additionally presumably illegally supplied portfolios of fake financial obligation with other collectors – this is basically the FTC’s case that is first that training.
“It’s unlawful to harass individuals to spend debts they demonstrably don’t owe, and also to offer phony debts to other collectors,” said Jessica deep, Director of this FTC’s Bureau of Consumer Protection. “We’re proud to partner using the Illinois Attorney General to prevent these egregious commercial collection agency methods.”
“Phantom financial obligation collection the most brazen frauds today,” Illinois Attorney General Lisa Madigan stated. “With the FTC, our company is attempting to protect customers by shutting straight straight down these scam operations.”
