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Debt Collector to Return $477,000 to Washington Consumers in AG Settlement

Washington AG Bob Ferguson reached a settlement with Denver-based collection agency Machol & Johannes, LLC and its present and former owners (collectively “M&J”) to resolve allegations that the company engaged in unlawful debt collection practices in violation of Washington’s Consumer Protection Act and Collection Agency Act. The complaint alleged that M&J illegally operated a debt…

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Lender Settles Allegations It Financed Loans with Deposits Collected from Consumers Using False Promises of Guaranteed High Returns

The Consumer Financial Protection Bureau (“CFPB”) reached a settlement with financial company Driver Loan, LLC and its Chief Operating Officer (collectively “Driver Loan”) to resolve allegations that it misled consumers with respect to its financial products in violation of the Dodd-Frank Consumer Financial Protection Act. The complaint alleged that, among other things, Driver Loan made short-term,…

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Smart Home Monitoring Company Pays $20 Million to Settle Allegations of Consumer Credit Reports Misuse

The Federal Trade Commission (“FTC”) reached a settlement with smart home security and monitoring company Vivint Smart Homes Inc. (“Vivint”) to resolve allegations that it improperly obtained and misused consumer credit reports in violation of the FTC Act, the Fair Credit Reporting Act, and the Red Flag rule.

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Residential Landlords Reminded of Tenant Protections Under CDC’s Eviction Moratorium

The Federal Trade Commission (“FTC”) and the Consumer Financial Protection Bureau (“CFPB”) sent joint notification letters to the largest residential landlords in the United States, reminding them of the COVID-19-related federal protections for tenants.

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