Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

FTC Issues Final Rule to Protect Consumers in Credit Card Debt

News release: “Amendments to Telemarketing Sales Rule Prohibiting Debt Relief Companies From Collecting Advance Fees Will Take Effect in October 2010 – Starting on October 27, 2010, for-profit companies that sell debt relief services over the telephone may no longer charge a fee before they settle or reduce a customer’s credit card or other unsecured debt.”

Sorry, comments are closed for this post.