FTC Settles on Fee-Based Credit Card Violations

Share this article:
The Federal Trade Commission announced last week that Brent Chivers, doing business as Credit Card Services and Destyni Enterprises, agreed to pay $85,000 in a settlement of charges that the company violated the FTC Act and the Telemarketing Sales Rule.


The FTC said Chivers falsely represented that consumers would get a credit card after paying an advance fee of $79. Many consumers received nothing after paying the fee or got applications for a secured credit card or requesting additional fees, the FTC said.


Along with the $85,000, a suspended judgment of $250,000 will be reinstated if it is found that Chivers lied on his financial statement.


The settlement prohibits him from offering credit for a fee or from representing a high likelihood of success in obtaining a card if a fee is paid. He also is prohibited from selling customer lists.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in News

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

Customer Centricity Is Spurring Marketing-Tech Investments

Customer Centricity Is Spurring Marketing-Tech Investments

A majority of marketers rank customer satisfaction improvements as paramount in the technology investment decisions.

Big, Bold Moves in the C-Suite

Big, Bold Moves in the C-Suite ...

JCPenney appoints Home Depot's Marvin Ellison as CEO; Harte Hanks and JWT add hitting power to their C-level benches

Campaign Comes to the States

Campaign Comes to the States

DMN's UK-based sister publication launches Campaign US