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FTC Permanently Bans Collection Agencies From Debt Collection

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:

FTC bans two South Carolina companies from debt collection market

2 South Carolina companies banned from debt collection industry in FTC settlement The Federal Trade Commission found National Landmark Logistics and Absolute Financial Services used illegal means to collect non-existent debt. Author: WLTX Updated: 6:20 PM EDT March 15, 2021 COLUMBIA, S.C. The Federal Trade Commission (FTC) has permanently banned two South Carolina companies from the debt collection industry as part of settlements resolving FTC charges they threatened consumers with legal action to collect debts that did not exist. Fort Mill-based National Landmark Logistics and Absolute Financial Services were accused by the FTC of using illegal robocalls to leave messages with consumers that threatened lawsuits and/or arrests. The complaints were filed as part of the FTC s Operation Corrupt Collector enforcement sweep.

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