Good News for those who have been harassed by CAMCO
Found at ftc website.
The FTC - Federal Trade Comission - of United States
alleges CAMCO, RM Financial, and their Principals Violated Fair Debt Collection Practices Act.
According to the article The FTC now requires the companies and their principals to pay a $300,000 civil penalty and FTC alleges that CAMCO Capital Acquirements is acting ilegally.
Read bellow the text extracted from the article released
at http://www.ftc. Gov/opa/03/camco.htm
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March 24
"... Companies that the Federal Trade Commission alleges have threatened and harassed thousands of consumers to get them to pay old, UNENFORCEABLE debts or debts they did not owe have agreed to settle charges that their abusive and deceptive collection practices violated federal law.
The settlement prohibits the companies' alleged abusive debt collection practices in the future, require disclosures to consumers of their rights in the companies' collection notices and communications with consumers, and requires the companies and their principals to pay a $300,000 civil penalty..."
READ THE COMPLETE ARTICLE AT
http://www.ftc. Gov/opa/03/camco.htm
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The Related documents (USA v. CAMCO) avaiable at FTC. Gov are: http://www.ftc. Gov/os/caselist/0223222/0223222camco.htm
http://www.ftc. Gov/os/caselist/0223222/040324cmp0223222. Pdf
http://www.ftc. Gov/os/caselist/0223222/040324cag0223222. Pdf
You need the free "Acrobat reader" from www.adobe.com to
read any PDF files.
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Justice works
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