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FTC Bans Bogus Operator from Credit Repair Business
By U.S. Federal Trade Commission ( FTC)
Jun 2, 2005, 06:06
An operator who charged consumers for services he did not deliver and misrepresented customers’ credit worthiness to the credit reporting agencies has been banned for life from operating a credit repair business. Settlement of the charges also bars further violation of the Federal Trade Commission Act and the Credit Repair Organizations Act (CROA), and requires the defendant to pay $100,000 in civil penalties.
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