The Federal Trade Commission has banned a Buffalo debt collector, who operated a fraudulent scheme, from the debt collection business and from misleading consumers about any financial products.
FTC took the punitive action against Robert Heidenreich after he settled claims by the Commission and New York Attorney General that he and the companies he controlled lied to consumers about how much debt they owed and used illegal scare tactics to collect it.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.