TMCnet News
Reform Online Lending Praises Action by FTC to Uncover Telemarketing AbusesKANSAS CITY, Mo, Feb. 24, 2015 /PRNewswire/ -- Mark Curry, founder of Reform Online Lending, today praised the Federal Trade Commission for taking action against several debt relief companies for violations of the Telemarketing Sales Rule. "The Federal Trade Commission should be commended for actively enforcing the Telemarketing Sales Rule and identifying debt relief companies who mislead consumers with advertisements that break the law and telemarketing that deceives the public," Curry said. "Removing these bad actors from the online lending marketplace will help provide a safer borrowing experience to the millions of Americans who rely on the Internet for financial services." The FTC recently filed suit against debt relief companies who allegedly solicited payday loan consumers with debt relief services. These companies ran radio advertisements that led consumers o misleading telemarketers. "We created Reform Online Lending to encourage whistleblowers to help authorities chase down fraudsters who prey on consumers and to better inform consumers of their rights as borrowers and how to identify online lending scams," said Curry. "The more information we can provide to the FTC and other federal regulators about scammers and fraudsters the more quickly we can remove them from the online financial services marketplace. With National Consumer Protection Week approaching, we urge consumers to be on the lookout for deceptive telemarketing and misleading advertisements similar to the ones recently uncovered by the FTC." About ReformOnlineLending.org ReformOnlineLending.org is a program of entrepreneur and industry leader Mark Curry to identify and bring justice to scammers who take advantage of consumers of the online financial services industry. The program is designed to educate American consumers on the scams that are perpetrated in the online lending industry, and to work with government authorities to prosecute scammers who seek to take advantage of the industry's millions of consumers. Contact:
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/reform-online-lending-praises-action-by-ftc-to-uncover-telemarketing-abuses-300040778.html SOURCE Reform Online Lending 
|