Business Opportunity Scheme Operators Banned from Telemarketing and Selling Investment Opportunities; Will Return Millions to Consumers

The operators of a telemarketing scheme charged with bilking millions of dollars from consumers, many of whom are seniors or military veterans on fixed income, will pay approximately $7.5 million in consumer redress under a settlement with the Federal Trade Commission. The stipulated final order also prohibits the defendants –

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BBB Policy Change

The Better Business Bureau is changing their Type of Business policy on Credit Repair Companies. To get a No Advance Fees determination one must have a policy to NOT charge any fees up front. RATING ELEMENTS BBB ratings are based on information in BBB files with respect to the following

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Major Credit Reporting Agencies Have Been Lying to Consumers

The Consumer Financial Protection Bureau announced that two of the three major credit-reporting agencies responsible for doling out those scores—Equifax and Transunion—have been deceiving and taking advantage of Americans. The Bureau ordered the agencies to pay more than $23 million in fines and restitution. In their investigation, the Bureau found

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