NYC Consumer Affairs Cracks Down On Unscrupulous Debt Settlement Companies

NEW YORK (WCBS 880) – An entire industry of fraud is what New York City Consumer Affairs commissioner Jonathan Mintz calls it.

WCBS 880’s Alex Silverman In Manhattan

“There are times when I’ll come up in front of the camera and warn you about some bad players in an industry. When it comes to upfront fee debt settlement, the entire industry, in our opinion, is illegitimate,” said Mintz on Tuesday.

His office has subpoenaed fifteen companies, many of their ads hard to miss on subways and buses.

They’ll turn over what they find to law enforcement.

“There is a way to get help when you’re drowning in debt, but not by falling for promises where people can’t deliver,” said Mintz.

Mintz says these companies’ services work less than one percent of the time.

He advises New Yorkers to use their instincts.

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Comments

One Comment

  1. Duckie says:

    I do think its sad that these companies have been widely advertising on 1010WINS. Is the station going to issue an apology if any of the station’s advertisers are found guilty? I know you had know way of knowing that they were dishonest, but now that there is a problem, what is your responsibility to the public that you serve? Maybe you should send out an investigative reporter.

    1. Morris Bergen says:

      No radio or TV station can be held responsible for the actions of its advertisers.

  2. The Guy Behind The Guy says:

    The fraud is credit card companies charging 34% interest rates. No one talks about that.

  3. Benny T says:

    Hey Jonathan,

    How’s (gay) married life?

  4. Michael Steinberg, says:

    Can you tell us WHICH companies have been subpoenaed? Maybe one of them is one I am Using.

  5. Kevin says:

    Will this news story you’re running influence your business department on ad’s it accepts?
    “There are times when I’ll come up in front of the camera and warn you about some bad players in an industry. When it comes to upfront fee debt settlement, the entire industry, in our opinion, is illegitimate,” said Mintz on Tuesday.

  6. HooHah says:

    When will the ads on 1010WINS stop?

Comments are closed.

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