FYI here is a link to the FTC websit CAmco recently settled a lawsuit that the FTC filed against this company and others http://www.ftc.gov/os/statutes/fdcpajump.htm if this company was collecting or attempting to contact you to collect a debt here is information you need to know.
Great post! These guys at CAMCO are scary. I can't help but wonder if the $300k settlement will hurt them, or if it's just a drop in the bucket?
ââ?¬Å?The Commission is accepting this settlement,ââ?¬Â said Chairman Timothy J. Muris, ââ?¬Å?because there is ample evidence of the defendantsââ?¬â?¢ liability. We are reviewing our civil penalty program to determine whether the overall range is appropriate. As part of this review, we will give additional scrutiny to the level of civil penalties in the future.ââ?¬Â The above appears to imply that the FTC views the current range of penalties available to them to be inadequate to deter similar behavior.
