The Federal Trade Commission has reached court settlements with two companies
for allegedly telemarketing worthless credit card protection insurance to
consumers nationwide. Stemming from a complaint brought in the FTC's
"Operation
Protection Deception" law enforcement sweep, the judgments settle allegations
that defendants Consumer Repair Services, Inc. and Manhattan West Marketing
violated both the 'FTC Act' and the 'Telemarketing Sales Rule' in connection
with the sale and marketing of credit card loss protection programs. CRS is a
Georgia-based corporation. MWM is a Nevada corporation located in North
Hollywood, California. According to the FTC, from late 1999 to October of
2000,
CRS used various boiler rooms to cold-call consumers informing them that their
credit card numbers were available on the Internet and could be used to make
unauthorized charges. CRS allegedly claimed that for $295 the company would
protect consumers against such charges, repaying them for any unauthorized
charges that were made. MWM allegedly provided CRS's fulfillment services and
contracted to telemarket its credit card loss protection service. For more
information visit http://www.ftc.gov.
The Federal Trade Commission has reached court settlements with two companies
for allegedly telemarketing worthless credit card protection insurance to
consumers nationwide. Stemming from a complaint brought in the FTC's
"Operation
Protection Deception" law enforcement sweep, the judgments settle allegations
that defendants Consumer Repair Services, Inc. and Manhattan West Marketing
violated both the 'FTC Act' and the 'Telemarketing Sales Rule' in connection
with the sale and marketing of credit card loss protection programs. CRS is a
Georgia-based corporation. MWM is a Nevada corporation located in North
Hollywood, California. According to the FTC, from late 1999 to October of
2000,
CRS used various boiler rooms to cold-call consumers informing them that their
credit card numbers were available on the Internet and could be used to make
unauthorized charges. CRS allegedly claimed that for $295 the company would
protect consumers against such charges, repaying them for any unauthorized
charges that were made. MWM allegedly provided CRS's fulfillment services and
contracted to telemarket its credit card loss protection service. For more
information visit