i want to move onto lashawn johnson who will talk about online payday lending and some of the consumer protection issues with regard of how these are being marketed and kind of what happens after a consumer has taken out an online payday loan. >> yeah. well, what happens when consumers can't pay their debts, i'm going to talk about the process of what happens when consumers take these payday loans online. typically it seems as if it's great, we all shop online. so instead of going to a store front these particular individuals will go online and search for payday loans and get a whole list of different entities that come up. so sitting at their house or whereever they are with their rap top they can put in their information and tell them how much money they want to loan, have loaned to them and it can be in a day or two, you'll have that money automatically depositted into your account. from that point of view, life seems great. however, the nightmare begins to the point when they actually accept that loan, and what the f.t.c. has done recently is brought a number of cases that target t

lashawn johnson is an attorney with the federal trade commission's division of financial practices. she works on a broad range of consumer credit and financial service issues including challenging unfair, deceptive acts or practices by online payday lenders, and most recently she has focused on issues related to the lending and collection processes affiliated with native american tribes. prior to joining the ftc in 2003, lashawn was a litigation associate with the washington, d.c. law firm of hogue and lavell. she reached her ba from harvard and graduated from the university of berkeley school of law. finally, we will turn to katie worthman, another attorney at the federal trade commission, who will discuss what we have coined phantom debt collectors. these scams in some cases seem based overseas. for instance, in india. consumers aggressively assert they owe them for a payday loan. in fact, in most cases there is no real debt or, certainly, these collectors have no ability to collect on whatever payday loan a consumer may have taken out. and so, in fact, these are really no more th

lashawn johnson is entering with the federal trade commission and the division of financial practices. she works on a broad range of consumer credit and financial service issues including challenging unfair deceptive acts of practices by online pay lenders, and most recently she focused on issues related to the lending and debt collection practices of online payday lenders with native american tribes. prior to joining in 2003, lashawn was in litigation is as yet with the washington, d.c. law firm. she reached her b.a. with honors from harvard university and graduated from the university of berkeley's school law. katie is another attorney who will discuss what we have claimed phantom debt collectors. the overseas for instance in india and they call consumers and aggressively pursue the zero them for a payday lonnae. in many cases there is no real debt or they have no authority to collect on but never payday loan and a consumer may have to get out and so in fact these are no more than shakedowns. katie is also an attorney with the ftc division of financial practices. she is working the

lashawn johnson is with the federal trade commission. most recently, she has focused on issues related to the lending and debt collection practices of online paid lenders as related to native american tribes. prior to joining ftc, she was with the washington, d.c. law firm. she reached her b.a. with honors from howard university and graduate from the university of berkeley school of law. finally, we will turn to katey worthman, who will discuss what we have coined phantom debt collectors. the scams in some cases are based overseas. they call consumers and aggressively assert the consumers owe them for a payday loan. in many cases, in most cases, there is no real debt or these collectors have no authority to collect on any payday loan these consumers may have taken out. in fact, these are really no more than shakedowns. katey is also an attorney with the division of financial practices. she has worked on cases involving debt collection, unfair misconduct under the fair lending laws. she came to the ftc first in 2006 after working at a law