United States - At FTC’s Request, Court Stops Deceptive Telemarketing Calls Pitching Credit Card Interest Rate Reduction

At the request of the Federal Trade Commission, a federal judge has stopped three companies' allegedly deceptive robocalls, frozen their assets and appointed a receiver to take control of the businesses. AMS, Rapid Reduction, PDMI and their owners allegedly delivered the prerecorded, urgent-sounding messages that claimed the callers were able to negotiate a substantially lower interest rate for credit card holders. People paid up to $1,590 up-front for the promised services but all they got were instructions to pay down their credit card debts early to save money on interest.

Read the press release.