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Debt

Federal Trade Commission
National

FTC Shuts Down Fraudulent Debt Scheme Preying on Consumers with Fake Threats

March 9, 2025March 9, 2025 - by Maryann Pugh

WASHINGTON, D.C. — A federal court has taken decisive action to shut down a phantom debt collection scheme, freezing its assets and temporarily halting operations following a lawsuit filed by …

FTC Shuts Down Fraudulent Debt Scheme Preying on Consumers with Fake Threats Read More

Funds
National

FTC Issues Refunds to Victims of Abusive Debt Collection Practices

December 17, 2024December 17, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Federal Trade Commission (FTC) has announced the distribution of more than $540,000 in refunds to 1,625 individuals targeted by unlawful debt collection practices. Each affected consumer is …

FTC Issues Refunds to Victims of Abusive Debt Collection Practices Read More
Federal Trade Commission
National

FTC Cracks Down on Georgia Debt Collector for Deceptive Practices

November 10, 2024November 10, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Federal Trade Commission (FTC) has intervened against Global Circulation, Inc. (GCI), a Georgia-based debt collection agency accused of deceiving consumers into paying over $7.6 million in …

FTC Cracks Down on Georgia Debt Collector for Deceptive Practices Read More

Enviri Corporation
Regional

Enviri Corporation Strengthens Financial Flexibility with Amended Credit Facility

September 7, 2024September 7, 2024 - by Timothy Alexander

PHILADELPHIA, PA — Enviri Corporation (NYSE: NVRI) has announced a strategic amendment and extension of its senior secured revolving credit facility. This move introduces a new $625 million revolving credit facility, …

Enviri Corporation Strengthens Financial Flexibility with Amended Credit Facility Read More
J.G. Wentworth
Mergers and Acquisitions

JG Wentworth Acquires Ottopay to Enhance Digital Debt Management

June 24, 2024June 24, 2024 - by Timothy Alexander

CHESTERBROOK, PA — JG Wentworth has acquired Ottopay, a digital platform designed to manage and streamline debt repayment. Ottopay offers a comprehensive tool that helps consumers understand, manage, and pay …

JG Wentworth Acquires Ottopay to Enhance Digital Debt Management Read More

QualiFi
Finance

QualiFi Fuels Small Business Growth with $7.5 Million Credit Line

June 2, 2024June 1, 2024 - by Timothy Alexander

WAYNE, PA — QualiFi LLC, a rising star in business financing, has recently spotlighted a success story that’s turning heads. A small bakery, overlooked by traditional lenders, flourished thanks to …

QualiFi Fuels Small Business Growth with $7.5 Million Credit Line Read More
Consumer Financial Protection Bureau (CFPB)
National

CFPB Shuts Down Western Benefits Group for Illegal Student Loan Fees

May 26, 2024May 26, 2024 - by Maryann Pugh

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has taken decisive action against Western Benefits Group, a company based in Pleasanton, California, for charging illegal advance fees for student …

CFPB Shuts Down Western Benefits Group for Illegal Student Loan Fees Read More

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