Well, the debt collectors are at it again. What’s a violation of the FDCPA between debt collectors and the FTC? Do they really think the FTC is going to do anything? Apparently, the answer is yes.
In this case, the FTC has reached the LARGEST SETTLEMENT EVER with a debt collector. It is $3.2 million and came against Expert Global Solutions, Inc. The FTC brought the action and Expert Global Solutions settled it 2 days later. In addition to being the largest settlement ever, it may hold a record for quickest settlement ever. I haven’t seen another one settle so quickly!
CNNMoney reports that some of the actions of Expert Global Solutions include: “abusive tactics like calling people several times a day, early in the morning or late at night, and even at their workplace. In some instances, the collectors wouldn’t stop calling consumers even after debts were paid, because they had not verified if the debt still existed.”
It is actions like this that show that the FTC is serious about protecting consumers. But it won’t stop because the FTC has a huge job in front of it with new collectors popping up daily, new scams popping up, and tons of violations. Consumers need to educate themselves, protect themselves, and then talk to an attorney if they think their rights are being violated.