FTC acts to stop credit card "protection" fraud; Actions highlight law enforcement success regarding misleading telemarketing offers.

0 Comments | M2 Presswire, June, 2000

M2 PRESSWIRE-21 June 2000-US FTC: FTC acts to stop credit card "protection" fraud; Actions highlight law enforcement success regarding misleading telemarketing offers (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:20062000 Highlighting the agency's continuing efforts to protect consumers from unscrupulous telemarketers pitching phony credit card "protection" offers, the Federal Trade Commission today announced that it has obtained stipulated final judgments against two defendants based in Oklahoma and Toronto, Canada, for violations of the FTC Act and Telemarketing Sales Rule (TSR), and has approved a modified consent decree with a third company based in Florida that will permanently ban it from all telemarketing operations for multiple violations of a...

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