Virginia has joined in a suit by the Federal Trade Commission aimed at stopping fraudulent marketing practices related to the sales of insurance policies covering the theft or misuse of credit cards.
According to the FTC Americans may be paying as much as $40 billion as a result of false and misleading misrepresentations, often aimed at the elderly, by telemarketers, who use scare tactics and other unethical sales pitches to persuade consumers to purchase insurance, often costing hundreds of dollars, to cover their credit cards.
The suit alleges numerous violations of FTC rules governing telemarketing by American Card Services and seven other companies. Consumers are urged to instruct telemarketers who make unwelcome calls to remove their names from their lists. FTC rules require that they do so.
Was this article valuable?
Here are more articles you may enjoy.
Rotting Apple: Berkley Explains Property Market, Company Appetite 
Best Agency to Work For – Overall Winner: Robertson Ryan Insurance 
‘Massive Legal Siege’ Against Social Media Companies Looms 
Alaska Airlines Vows IT Upgrades After Outage Forces 400 Flight Cancellations 
