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Debt Collector Commercial Recovery Systems (CRS”) Sued By FTC For Lying To Consumers

Texas-based debt collector Commercial Recovery Systems, Inc, (CRS) and two of its managers have been sued by the Federal Trade Commission for violating debt collection law. CRS and its President and Vice President are accused of lying to consumers in an attempt to collect debts. Collectors working at CRS are alleged to have: Falsely threatened… Read More »Debt Collector Commercial Recovery Systems (CRS”) Sued By FTC For Lying To Consumers

FTC Shuts Down “Payday Loan” Scam

September 22, 2014

The FTC has shutdown a Missouri-based scam operation, which claimed to be a payday lending business. The scam operated by depositing $200-300 into consumers’ bank accounts without their permission, then repeatedly withdrawing money from the same account as “finance charges”, using fake documents presented to consumers’ banks. The FTC press release is here and the court’s order shutting down the scam is here.
Read More »FTC Shuts Down “Payday Loan” Scam