FTC Shuts Down Five Robocall Operations

FTC Shuts Down Five Robocall Operations

Tired of getting those obnoxious phone calls from "Rachel" promising to lower the interest rate on your credit card?

So is the Federal Trade Commission.

Today, federal judges in Florida and Arizona temporarily shut down five companies that performed these robocalls to consumers.

The robocalls, which usually started with a recorded voice from a lady named Rachel, deceived consumers into paying hundreds or sometimes thousands of dollars by claiming they could reduce credit card interest rates in return for an upfront fee.

The FTC says these five agencies could have defrauded consumers out of possibly $30 million over the past few years.

"At the FTC, Rachel from Cardholder Services is public enemy number one," said FTC Chairman Jon Leibowitz in a statement. "We're cracking down on illegal robocalls by bringing law enforcement actions and pursuing technical solutions to the problem."

The five companies are Key One Solutions and Ambrosia Web Design, both based in Arizona; and The Green Savers, A+ Financial Center and Treasure Your Success, all based in Florida.

The FTC is trying hard to crack down on robocalls. Earlier this month, they announced a $50,000 prize to the person or small business that could create a new solution to block illegal robocalls on landlines and mobile phones.

Capital One® Platinum Prestige Credit Card
View Offer

Capital One® Platinum Prestige Credit Card

Top Features: 0% Intro on Purchases and Balance Transfers until March 2016

Editor Rating:

Chase Slate®
View Offer

Chase Slate®

Top Features: 0% intro APR for 15 months plus no balance transfer fees within the first 60 days

Editor Rating:

Capital One® Quicksilver® Cash Rewards Credit Card
View Offer

Capital One® Quicksilver® Cash Rewards Credit Card

Top Features: 1.5% cash back on all purchases, 0% intro on purchases and balance transfers until September 2015

Editor Rating:

Barclaycard® Ring MasterCard®
View Offer

Barclaycard® Ring MasterCard®

Top Features: Low 8% (V) APR on purchases and balance transfers

Editor Rating:

Capital One® Venture® Rewards Credit Card
View Offer

Capital One® Venture® Rewards Credit Card

Top Features: Unlimited 2x miles on every purchase, every day

Editor Rating: