PYMNTS’ Daily Data Dive: FTC To The Debt Rescue

Financial debt is something that plagues everyone at one point or another in their lifetime.

In a Payday Support Center scam, the Federal Trade Commission (FTC) is coming to the rescue by sending out money to the debt victims.

Here are the numbers:

561 | Number of checks mailed out by FTC

$148,000 | Total monetary amount sent out to debt victims

$264 | Average monetary amount sent to each person

60 | Days debt victims should receive checks

$23.7 million | Amount to be partially suspended for each of the two FTC final orders against Jared Irby, Richard Hughes, Coastal Acquisitions, LLC, and PSC Administrative, LLC (all under Payday Support Center umbrella)