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.

This entry was posted in Credit Card News and tagged , , by Bill Hardekopf. Bookmark the permalink.
The information contained within this article was accurate as of November 1, 2012. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website.
Editorial Disclosure
LowCards.com is an independent, for-profit web site. LowCards.com participates in the Affiliate Network, and receives compensation from most of the credit card issuers whose offers appear on the site. This compensation helps support our website and enables us to write insightful articles to help you manage your credit card accounts. This compensation, as well as the likelihood of applicants’ credit approval and our own proprietary website guidelines, may impact how and where the cards appear on our site.

LowCards.com does not include all credit card companies or every available credit card offer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Every reasonable effort has been made to maintain accurate information, however credit card offers change frequently. After you click on an offer you will be directed to the credit card issuer’s secure web site where you can review the terms and conditions for your offer.

About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 12 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor. Bill can be contacted directly at billh@lowcards.com