FTC Permanently Bans Collection Agencies From Debt Collection Published on: 17 March 2021 at 10:00 a.m. ET March 17, 2021, 10 a.m. March 17, 2021, 2:01 p.m. insideARM.com The iA Institute
In tandem with federal and state regulators and attorneys general, On September 29, 2020, the FTC launched
Operation Corrupt Collector to target collectors who engage in unauthorized and abusive collection practices. Simultaneously, the FTC announced it filed suit and had obtained temporary restraining orders against National Landmark Logistics (National) and Absolute Financial Services (Absolute).
Wasting no time in showing they mean business, on March 15, 2021, the
FTC announced that, through a settlement, both National and Absolute have been permanently banned from the debt collection industry. The FTC did not mince words, stating the following actions led to these results: