Business Services Industry
Sprint to pay $1.1 million in consumer credit case.
Knight Ridder/Tribune Business News, September, 2004
By Suzanne King, The Kansas City Star, Mo. Knight Ridder/Tribune Business News
Sep. 11--Sprint Corp. will pay more than $1.1 million to settle charges that it violated consumer credit protection laws, the Federal Trade Commission said Friday.
A federal investigation found that during 2001 and 2002, Sprint failed to live up to requirements of the Fair Credit Reporting Act.
The law requires companies that either deny service or offer modified service based on an unfavorable credit report to notify the customer and provide the name and address of the credit reporting agency.
The trade commission also alleges that Sprint violated the Equal Credit Opportunity Act by failing to provide notices or omitting certain information from...
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