FTC Singles out IFC Credit Corp
Chicagotribune.com

MORTON GROVE -- The Federal Trade Commission asked a federal judge Thursday to aid its efforts in investigating debt collection by a Morton Grove finance company.

FTC officials want information from IFC Credit Corp. because the firm has collected consumer debts purchased from a New Jersey telecommunications firm accused of unfair trade practices.

The firm NorVergence promised customers that its Matrix black box would save them moneyon services, FTC attorney Randall Brook said in an affidavit.

But "the black boxes were nothing more than standard telephone routers, which NorVergence rented to customers for inflated prices," Brook said.

The FTC is investigating whether the actions of IFC and other firms that tried to collect on the rental agreements also might have violated federal law, the petition states.