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You are here: Home  FTC Actions FTC Action Summaries Credit National

99.  FTC v. Credit National, et al, 99 CV 07989 (C.D. Cal. filed Aug. 5, 1999)

Defendants: Credit National, Inc. and Mark Wolf, d/b/a Credit America

Type:  Guaranteed Credit Cards & Telemarketing Sales Rule

Defendants allegedly marketed "guaranteed approved" credit cards and lines of credit to consumers in print, direct mail, and Internet ads and invited consumers to call an "800" number.  Consumers who called the number were sent a packet of materials containing written guarantees of unsecured credit cards regardless of past credit history, along with applications requiring a $28 fee.  Consumers who paid the fee received various credit card applications or nothing at all, rather than the promised credit cards.

The FTC filed suit in federal court alleging violations of the FTC Act and the Telemarketing Sales Rule. The Court granted the Commission’s motion for an ex parte Temporary Restraining Order with an asset freeze and the appointment of a receiver. A preliminary injunction was entered on August 23, 1999.

http://www.ftc.gov/opa/1999/9908/operationafl.htm (press release-sweep / complaint)

 

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