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Tag Archives: Federal Trade Commission

I got one of those lower-your-credit-card-interest-rate robocalls

Connie Prater

FTC files suit to stop companies’ robocalls offering to reduce credit card interest rates.
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‘Bum deal for bum credit’ notification rule moves forward

Daniel Ray

A federal proposal would force lenders to tell consumers “You’re getting a bum deal because of your bum credit.”
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FTC’s Operation Tele-PHONEY: corny name, but serious business

Jeremy Simon

In its biggest sweep ever targeting telemarketing fraud, the FTC announced “Operation Tele-PHONEY,” a partnership with more than 30 international, federal, state and local law enforcement agencies. According to a Web cast and press release issued today, the FTC has filed federal district court complaints against “13 allegedly deceptive telemarketing operations.” The FTC estimates that the law enforcement actions will save consumers around $30 million over the next year.
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Canadian telemarketers penalized $5M for credit card scam

Jeremy Simon

A U.S. court has granted the Federal Trade Commission’s request to penalize a Canadian group that engaged in a cross-border telemarketing scheme. Under their ploy, the Canuck fraudsters offered credit cards and free gifts to consumers in exchange for a fee — but ultimately failed to provide either the cards or items.
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ID theft again tops FTC fraud complaint list

Jeremy Simon

Earlier this week, the Federal Trade Commission unveiled its list of leading consumer fraud complaints for 2007. Topping the FTC’s complaint list for the seventh-straight year: identity theft.
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