August 06, 2024
Several credit repair companies agreed to turn over about $12 million and either exit the credit repair industry or stop claiming their products can clean up negative credit histories to resolve Federal Trade Commission allegations that they scammed consumers.
March 28, 2023
A credit repair services company the Federal Trade Commission claims piloted a pyramid scheme was hit with a proposed class action by ex-sales agents, who say the firm encouraged them to seek work with competitors during a court-ordered temporary shutdown but then fired them for doing so.
February 15, 2023
A Michigan federal judge will allow the Federal Trade Commission to pursue an injunction against a father and son allegedly involved in a pyramid scheme offering bogus credit repair services, saying regulators have done enough to show the men could still harm consumers.