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The
Federal Trade Commission has shut down Santa Ana, California-based National
Consumer Council Inc., a non-profit credit counseling agency
and its for-profit affiliates. The FTC cited "misrepresentations
and omissions" for its actions. Also, alleging that the agency had
violated “other regulations and laws,” the FTC has filed a lawsuit against
National Consumer Council.
Commenting
on the FTC’s actions, Bill Mitchell, President of the Better Business
Bureau of the Southland called the credit counseling agency the largest
and most egregious of deceptive debt-relief operations. According to
Mitchell, the agency collected high upfront fees from its clients
and often left them worse off financially than they were before.
Many of those people ended up having to file for bankruptcy.
SOURCE:
Los Angeles Times
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