FTC to law violators: Don’t bank on bankruptcy

The FTC sued BlueHippo for a host of illegal practices, many related to the companys refund policies.

Metadata
Provider: 
FTCFTC
URL: 
https://www.ftc.gov/news-events/blogs/business-blog/2019/02/ftc-law-violators-dont-bank-bankruptcyhttps://www.ftc.gov/news-events/blogs/business-blog/2019/02/ftc-law-violators-dont-bank-bankruptcy
Retrieved on: 
Tuesday, February 19, 2019
Information
Tags: 
BlueHippo Funding
Summary
Key Points: 
  • The FTC sued BlueHippo for a host of illegal practices, many related to the companys refund policies.
  • According to the FTC, rather than giving consumers their money back, BlueHippo purported to offer store credit, but failed to disclose that major strings were attached.
  • Mr. Rensin refused to pay the contempt judgment, and according to the FTC, he tried to evade it by filing for bankruptcy.
  • The FTC disagreed, citing a provision in the law that a debt is not discharged to the extent obtained by .
Copyright: 
2019 FTC. All Rights Reserved.