TRLF Blog

Bank of America Must Return $100 Million to Customers for Double Dipping and Improper Fees

Today, the Consumer Financial Protection Bureau (CFPB) ordered Bank of America to pay more than $100 million to customers for systematically double-dipping on fees imposed on customers with insufficient funds in their account, withholding reward bonuses explicitly promised to credit card customers, and misappropriating sensitive personal information to open accounts without customer knowledge or authorization. …

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Publishers Clearing House to Pay 18 Million Settlement for Misleading Consumers

As a result of a Federal Trade Commission lawsuit, Publishers Clearing House (PCH) has agreed to a proposed court order that will require it to pay $18.5 million to consumers who spent money and wasted their time, and make substantial changes to how it conducts business online. In a complaint against PCH, the FTC charges that the company …

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Arete Financial: Another Student Loan Debt Relief Company Bites The Dust. 3.3 Million Returned to Consumers

The Federal Trade Commission is sending payments totaling more than $3.3 million to consumers who were harmed by Arete Financial Group, a student loan debt relief operation that tricked consumers into making illegal upfront payments by pretending to be affiliated with the U.S. Department of Education and falsely promising student loan debt relief. In reality, …

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$557,000 Returned to Consumers Harmed by Credit Card Interest Rate Reduction Scam

The Federal Trade Commission is sending payments totaling more than $557,000 to consumers who paid money to GDP Network, LLC (YF Solution), a Florida-based telemarketing company that promised credit card interest rate reductions and regularly failed to deliver. The FTC is sending checks to 611 consumers. Recipients should cash their checks within 90 days as …

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$16.7 Million Judgment Secured Against Response Marketing Group, LLC For Deceptive Real Estate Training Program

As a result of a lawsuit filed by the Federal Trade Commission and the Utah Division of Consumer Protection (DCP), the principals of a Utah-based real estate investment training company will pay $15 million and be banned from selling money-making opportunities under a court order they have agreed to. In addition, two of the primary real …

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Credit card debt is at records levels as inflation and interest rates rise. It is time to budget!

The New York Federal Reserve Bank is expected to release data on Monday that shows that credit card debt in the United States has reached a record high of $1 trillion. This is a major reversal from just three years ago, when households were rapidly paying off their credit card debt with the stimulus payments …

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US credit card debt fell in early 2023, but at a slower pace than usual.

The January-March period is typically when consumers pay down their credit card debt after spending heavily during the holiday season. However, this year, the decline in credit card debt was only 1.5%, compared to the average decline of 3% in the past 10 years. This slower decline in credit card debt is likely due to …

US credit card debt fell in early 2023, but at a slower pace than usual. Read More »

PayPal Invoice Email Scam: Cancelled Payment or Invoice Amount Due

If you got an email that seems to be from MetaMask or PayPal, stop. They’re phishing scams. The MetaMask fake says your cryptocurrency wallet is blocked. And, if you don’t act fast, click a link, and update your wallet, they say your crypto will be lost. The phony PayPal message says BNC Billing cancelled your payment to …

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Clothing Store Lions Not Sheep Forced to Pay $176,000.00 For Deceptive Advertising.

The Federal Trade Commission is sending 11,446 checks and 66 PayPal payments, totaling more than $176,000, to consumers who bought clothing and accessories from Lions Not Sheep. The company was charged with using deceptive ‘Made in USA’ labels and advertising on clothing and accessories imported from other countries. Each of the payments is $15.30. Consumers …

Clothing Store Lions Not Sheep Forced to Pay $176,000.00 For Deceptive Advertising. Read More »

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