Business ProfileforGlobal Asset Financial Services Group, LLC
Current Alerts For This Business
On December 6, 2019, Regional Asset Maintenance, LLC entered into a Stipulated Final Order for Permanent Injunction and Settlement of Claims with the Federal Trade Commission. The Stipulated Final Order for Permanent Injunction and Settlement of Claims settles allegations that the business participated in deceptive, abusive, and unfair Debt collection practices in violation of Section 5 of the FTC Act, 15 U.S.C. § 45, and the FDCPA, 15 U.S.C. §§ 1692-1692p.
Under terms of the Stipulated Final Order for Permanent Injunction and Settlement of Claims, the business agreed to:
- A permanent ban on debt collection and debt brokering activities.
- Prohibition against misrepresenting any products or services.
- Monetary judgment in the amount of $3,100,000 to be used for equitable relief, including consumer redress and any expenses for the administration of any redress fund.
- Delivery of this Order to all principals, employees, and representatives participating in conduct related to its subject matter and to any business entity resulting from any change in structure, for a period of 5 years.
The Stipulated Final Order for Permanent Injunction and Settlement of Claims was for settlement purposes only and should not be considered as an admission of guilt or finding of violation of the law.
For more details, go to:
https://www.ftc.gov/enforcement/cases-proceedings/x190013/gafs-group-llc-et-al
On June 12, 2019, Global Asset Financial Services Group, LLC and its principals entered into a Stipulated Final Order for Permanent Injunction and Settlement of Claims with the Federal Trade Commission. The Stipulated Final Order for Permanent Injunction and Settlement of Claims settles allegations that the business participated in deceptive, abusive, and unfair Debt collection practices in violation of Section 5 of the FTC Act, 15 U.S.C. § 45, and the FDCPA, 15 U.S.C. §§ 1692-1692p.
Under terms of the Stipulated Final Order for Permanent Injunction and Settlement of Claims, the business agreed to:
- A permanent ban on debt collection activities.
- Prohibition against misrepresenting any products or services.
- Monetary judgment in the amount of $3,100,000 to be used for equitable relief, including consumer redress and any expenses for the administration of any redress fund.
- Partial suspension of the judgment upon completion of asset transfers and liquidation of all assets.
- Delivery of this Order to all principals, employees, and representatives participating in conduct related to its subject matter and to any business entity resulting from any change in structure, for a period of 5 years.
The Stipulated Final Order for Permanent Injunction and Settlement of Claims was for settlement purposes only and should not be considered as an admission of guilt or finding of violation of the law.
For more details, go to:
https://www.ftc.gov/enforcement/cases-proceedings/x190013/gafs-group-llc-et-al
At-a-glance
Related Categories
Business Details
- Location of This Business
- 101 N Tryon St STE 1240, Charlotte, NC 28246-0104
- BBB File Opened:
- 12/29/2017
- Alternate Business Name
- GAFS
- Regional Asset Maintenance, LLC
- RAM LLC
- Business Management
- Mr. Ankh Ali, Vice President
- Ms. Aziza Ali, Managing Member
- Mr. Kenneth Moody, Manager
- Contact Information
Principal
- Mr. Kenneth Moody, Manager
Customer Contact
- Mr. Kenneth Moody, Manager
Industry Tip
BBB Tips on Collection Agencies: Understand your rights as a consumer when it comes to debt collection
Customer Complaints
0 Customer Complaints
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