Debt forgiven in credit line complaint

Article Abstract:

Las Vegas, NV-based Consumer Money Markets (CMM) and several related companies will pay $350,000 in fines and forgive $1.6 million in consumer debts to settle a lawsuit alleging them of misleading customers who paid fees to obtain credit lines. The suit, which was filed by the FTC and the Nevada attorney general in Aug 30, 2000, also charged Data Tech Solutions Inc, which provided the consumer names; Interstate Check Services, CMM's cash-loan affiliate; and Continental Direct Services, which purchased the assets of CMM in 1999.

Consumer Lending, Consumer Finance Institutions, Consumer Money Markets

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Credit card protection company settles FTC complaint

Article Abstract:

Liberty Direct has opted to settle a Federal Trade Commission complaint stemming from a 1999 investigation into the telemarketing of fraudulent credit card protection services. The Arizona-based company has agreed to a ban on sales of credit card protection and will post a $1 million bond before engaging in any telemarketing. Liberty also has repaid $2 million to consumers, including $1.5 million in credit card charge backs.

Telemarketing Bureaus, Telemarketing Services, Liberty Direct

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List Firms Settle fraud Complaint the FTC

Article Abstract:

Laureen France, a senior investigator with FTC said that list companies are being watched for evidence of involvement in unscrupulous marketing a ctilvities. The FTC has announced an $187500 settlement on Carney Direct, List Data Computer Services and Ne World Marketing over alleged malpractice.

Product standards, safety, & recalls, Venture Analysis, Standards, Company legal issue, Investigations, Business enterprises, United States. Federal Trade Commission

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