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FTC Amends Telemarketing Rule To Ban Payment Methods Used By Scammers

Posted by timothy on from the good-luck-with-all-that dept.

An anonymous reader writes: The Federal Trade Commission has approved final amendments to its Telemarketing Sales Rule (TSR), including a change that will help protect consumers from fraud by prohibiting four discrete types of payment methods favored by scammers. The TSR changes will stop telemarketers from dipping directly into consumer bank accounts by using certain kinds of checks and "payment orders" that have been "remotely created" by the telemarketer or seller. In addition, the amendments will bar telemarketers from receiving payments through traditional "cash-to-cash" money transfers – provided by companies like MoneyGram, Western Union, and RIA.

3 of 48 comments (clear)

  1. What changes? by kuzb · · Score: 4, Insightful

    What changes is very little. If a telemarketer is honest he'll probably be playing by the rules already - however these people are scammers. They're not going to suddenly start changing the way they operate because the FTC said "stop, or we'll say stop again!". It's not like most of the marks these people are going after will even be aware of such changes.

    --
    BeauHD. Worst editor since kdawson.
  2. Re:Germany should take note by harvey+the+nerd · · Score: 3, Insightful

    Use two bank accounts, one big, one small, say a few thousand $/Euro. No merchant gets the big account number, only recurring work, retirement transfers into the big account and deposits. 1-2 monthly transfers from big acct to small acct to keep it full.

  3. One can dream by Anonymous Coward · · Score: 3, Insightful

    Why not ban telemarketers altogether?