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Feds Propose Ban On Payment Methods Used In Telemarketing Scams

Wednesday, May 22, 2013 - 8:18 AM
The Federal Trade Commission (FTC) wants to take away some of the favorite tools that fraudulent telemarketers use to separate consumers from their money.

The proposed amendments to the Telemarketing Sales Rule (TSR) would strengthen the protections against bogus charges and services. Specifically, they would curtail the use of four payment methods favored by con artists and scammers.

Feds propose ban on payment methods used in telemarketing scams
ShorebreakShorebreak2,613 posts since
Apr 6, 2010
Rep Points: 14,167
1. Wednesday, May 22, 2013 - 8:42 AM
Four payment methods curtailed in the proposal:

Unsigned checks

remotely-created payment orders

cash-to-cash money transfers

money reloads

It is a belated good start.
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,426