![]() ![]() Class members will also receive tax documentation reflecting the payment. ![]() The members of the class will be paid pro rata based upon the money received by the settlement fund for unpaid wages, including WARN Act damages, subject to employee and employer withholding. We anticipate that class members will receive their first payment in January 2017. In 2020, Commission actions led to more than $483 million in refunds to consumers across the country.We are very pleased to report that the bankruptcy court’s multiple orders approving all of the settlements necessary for the employees to receive money from the bankruptcy estate have become final. The Commission’s interactive dashboards for refund data provide a state-by-state breakdown of refunds in FTC cases. The Commission has urged Congress to restore the Commission’s ability to get money back for consumers under Section 13(b). In vacating the Commission’s judgment against Tucker, the Supreme Court ruled that the Commission lacks authority under Section 13(b) to seek monetary relief in federal court. Attorney’s Office also obtained settlements in January 2015, November 2015, February 2016, and June 2018 with three Native American tribes involved in Tucker’s operation. Bancorp for violations of the Bank Secrecy Act, including failing to timely report suspicious banking activities of Tucker. In 2018, they obtained a sentence of more than 16 years in prison for Tucker, and a penalty of $528 million against U.S. In 2017, the United States Attorney’s Office for the Southern District of New York obtained criminal convictions against Tucker and his attorney, Timothy Muir. As a result, consumers paid far more for the loans than they had originally agreed to pay. Instead, the defendants made multiple withdrawals from consumers’ bank accounts and assessed a new finance fee with each withdrawal. The FTC sued AMG Services in 2012, alleging that the company and its operators falsely claimed they would charge borrowers the loan amount plus a one-time finance fee. Checks can be verified online at Recipients who have questions about their refund should contact the refund administrator, Rust Consulting, at 86 or by email at The Commission never requires people to pay money or provide account information to get a refund. The refunds are the result of a criminal case that the Department of Justice filed and from settlements with other defendants that were entered before the Supreme Court overturned the monetary judgment the FTC had obtained in its civil case against Tucker in April 2021.Ĭonsumers who receive checks should cash them by August 17, 2022. This is the second distribution of refunds in this matter, bringing the total amount returned to consumers to more than $535 million. The Federal Trade Commission, through its refund administrator, is mailing 690,000 checks totaling more than $152 million to consumers who lost money to a massive payday lending fraud scheme operated by AMG Services, Inc. ![]() About the FTC Show/hide About the FTC menu items.News and Events Show/hide News and Events menu items.Advice and Guidance Show/hide Advice and Guidance menu items.Competition and Consumer Protection Guidance Documents.Enforcement Show/hide Enforcement menu items.
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