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.
For comments and feedback contact: editorial@rttnews.com
Political News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.