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Showing posts with the label FTC | Enforcement Actions July 30

FTC Charges Marketers with Deceiving Small Businesses into Buying Credit/Debit Card Processing Services and Equipment: FTC | Enforcement Actions July 30, 2013.

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FTC Charges Marketers with Deceiving Small Businesses into Buying Credit/Debit Card Processing Services and Equipment The Federal Trade Commission has charged an operation that sells credit and debit card payment processing services to small businesses with violating federal law.  The defendants allegedly made false and unsubstantiated claims and failed to disclose material facts to storefront businesses and sole proprietorships before they applied for services and equipment to process credit and debit card payments.  The FTC seeks to halt the allegedly illegal practices and return money to victims. The defendants are Merchant Services Direct LLC (MSD), also doing business as Sphyra Inc.; Boost Commerce Inc.; Generation Y Investments LLC; Kyle Lawson Dove; and Shane Patrick Hurley.  The Washington State Attorney General’s Office has simultaneously filed an action against these defendants in the Superior Court for Spokane County, Washington. According to the F

Judge Agrees With FTC: Scammers Debited Payday Loan Applicants' Bank Accounts Without Their Consent; Consumers Entitled to More Than $9.5 Million in Refunds: FTC | Enforcement Actions July 30, 2013.

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Judge Agrees With FTC: Scammers Debited Payday Loan Applicants' Bank Accounts Without Their Consent; Consumers Entitled to More Than $9.5 Million in Refunds A federal judge has found in favor of the Federal Trade Commission in its case against an online operation that illegally debited consumers’ bank accounts when they visited the defendants’ websites seeking payday loans.  The FTC will seek a court order requiring the defendants to return more than $9.5 million to consumers. In 2011, the FTC charged Direct Benefits Group LLC , Voice Net Global LLC, Solid Core Solutions Inc., WKMS Inc., Kyle Wood, and Mark Berry with illegally debiting consumers’ bank accounts and failing to disclose that they would use their bank account information to charge them for enrollment in unwanted programs and services.  The court froze the defendants’ assets pending resolution of the case. In a decision announced today , U.S. District Court Judge John Antoon II found that the