HomeCredit RepairRegulators Crack Down On Credit Repair Companies

Regulators Crack Down On Credit Repair Companies

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Regulators are keeping a close eye on credit repair companies as evidenced by a pair of new lawsuits filed by the Illinois attorney general and a separate action brought by the Federal Trade Commission (FTC).

What happened

In Illinois, the attorney general filed a pair of lawsuits. The first alleged that a company purporting to offer credit repair services and its owner engaged in fraudulent and deceptive business practices.

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