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Violation Tracker Individual Record

Company: Lighthouse Credit Foundation Inc.
Penalty: $2,786,380
Year: 2006
Date: May 3, 2006
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: A credit counseling agency and related companies agreed to settle Federal Trade Commission charges that they deceptively marketed themselves as a not-for-profit enterprise to entice financially distressed consumers to enroll in debt management plans, and then failed to deliver on promises of personalized credit counseling and dramatic and immediate interest rate reductions.
Level of Government: federal
Action Type: agency action
Agency: Federal Trade Commission
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.