Credit Repair Firms Targeted by Regulators
Posted on October 29, 2009
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The Federal Trade Commission has announced Operation Clean Sweep. The action is a joint effort with 24 state agencies to crack down on 33 operations that deceptively claim they can remove negative credit information — even when the negative items are accurately reported. The actions were taken as a result of thousands of complaints from consumers. New Jersey’s Office of the Attorney General and its Division of Consumer Affairs obtained a final consent judgment against United Credit Adjusters, Bankruptcy Masters Corp., United Counseling Association, Inc., and Credit Bureau Controls Corp.
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