Florida Attorney General Pam Bondi is investigating popular debit card issuers for possible deceptive and unfair business practices. Her office delivered subpoenas to Green Dot Corp., NetSpend Corp., First Data Corp., Account Now Inc. and Unirush Financial Services LLC, all issuers of prepaid debit cards. Continue reading
Consumer Protection
Frontier Financial Group and Ezell Williams Charged with Illegal Debt Collection
Judge James Stucky ordered two collection agencies to cease all debt collection efforts in West Virginia until they become licensed with the state. The action is against Frontier Financial Group, LLC and Ezell Williams. The companies must also stop collecting payday loans, which are outlawed in West Virginia. Continue reading
TRW Ventures Illegally Charged Advance Fees in Credit Repair Scam
Arkansas Attorney General Dustin McDaniel filed suit against several companies owned by president Thomas Randall Wells. The charges include allegations that the companies regularly promised customers that all of their negative information could be removed through their credit repair service. Customers were also charged advance fees of $700-800. Continue reading
Tax Lady Roni Deutch Charged with Contempt for Diverting Refunds
Roni Deutch, the self-proclaimed “Tax Lady” that claimed a 99% success rate, has been shut down. Still, she continues to resist authorities who are trying to recoup some money paid by her defrauded clients. Continue reading
Allied Interstate to Pay Oregon for Collection Law Violations
Oregon Attorney General John Kroger has reached an agreement with Allied Interstate which has them paying $90,000 to settle allegations of collection law violations. The action was in response to an investigation into approximately 200 complaints against the Minnesota-based debt collector over a 5 year period. Continue reading
JK Harris Overstated Benefits, Ordered to Pay Restitution in Texas
JK Harris failed to provide promised services. They overstated their ability to reduce taxpayers’ debts owed to the Internal Revenue Service. They accepted large prepaid fees from customers even though they knew or should have known that their tax liabilities would not be eligible for a reduction. Continue reading
What New Credit Card Laws Can Do For You
Often, the government will find itself looking at current issues in order to make decisions. Considering this, it’s no wonder that they have recently reviewed laws regarding consumer credit and some new credit card laws have come into effect. Continue reading
Colorado Sues Western Sky Financial for Exceeding Permissible Interest Rates for Unlicensed Lenders
Colorado Attorney General John Suthers has taken action against a national payday lender that has violated Colorado lending laws. Western Sky Financial provides payday loans with interest rates approaching 300%, yet it failed to obtain the necessary license to provide loans to Colorado residents above the 12% statutory limit. Continue reading
Can Blue Tax Really Settle My Tax Debt?
Television commercials for BlueTax.com claim that they can rid you of burdomsome back taxes. They make amazing claims that they can eliminate penalties and reduce your tax debt. There is a problem with their approach: some of their claims cross the line of what is considered fair advertising. Continue reading
Smoke (Signals) and Mirrors: Western Sky Financial
The Solvency Shark saw a commercial recently for a loan company called “Western Sky Financial”. I perked up when an American Indian claimed he could put $2,500 in my bank account overnight. When he argued that his loans weren’t cheap but better than payday lenders, I had to investigate. Continue reading
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