Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Business

Feds announce nationwide crackdown on robocalls and telemarketing scams

by July 19, 2023
July 19, 2023
Feds announce nationwide crackdown on robocalls and telemarketing scams

U.S. regulators on Tuesday announced a nationwide crackdown to stop companies from inundating people with billions of unwanted and illegal robocalls and telemarketing calls.

The crackdown, known as Operation Stop Scam Calls, involves the U.S. Federal Trade Commission (FTC) and 101 other federal and state law enforcement authorities, including the attorneys general of all 50 states and Washington, D.C.

More than 180 enforcement actions and initiatives are part of the initiative, including five that the FTC formally announced on Tuesday.

“We don’t know too many people out there who enjoy getting scam calls,” Samuel Levine, director of the FTC consumer protection bureau, told reporters. “A single unwanted call is one too many.”

In addition to targeting telemarketers, the crackdown targets Voice over Internet Protocol providers that facilitate robocalls, which often come from outside the country.

Authorities also want to stop “lead generators” that trick consumers, such as by offering free rewards or job interviews, into providing personal information that can be sold to telemarketers and “consent” to receive unwanted solicitations.

Many victims are on the National Do-Not-Call Registry, which the FTC created in 2003 and contained 246.8 million active phone numbers as of Sept. 30, 2022.

In one of the largest new cases, New York-based Fluent (FLNT.O) agreed to a $2.5 million civil fine and a robocall ban.

The accord resolved charges it operated as a “consent farm” to trick nearly 1 million people a day into getting pitches for extended auto warranties, debt reduction, for-profit education, pain cream, solar energy and other products and services.

Fluent did not admit wrongdoing. In a statement, the company said it shared the FTC’s concerns about robocall technology, and is confident its telemarketing consent practices are legal.

Three of the four other defendant companies agreed to $15.7 million of penalties, some of which will not be paid because they cannot afford it. The fifth company has not settled.

Authorities stressed that no one is immune from robocalls.

“Robocallers are like a plague of locusts,” Ohio Attorney General Dave Yost, a Republican, told reporters. “The attorney general also gets robocalls. It really is universal.”

Reporting by Jonathan Stempel in New York; Editing by Aurora Ellis and Jonathan Oatis

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Gold Mining Stocks vs Gold: What’s the Turnaround Trigger?
next post
FireFox Gold Drills 20.4 metres at 5.1 g/t Gold and Extends the Footprint of Mineralization at Mustajärvi East Target in Finland

Related Posts

Netflix maintained its 2025 guidance. That may not...

April 21, 2025

Why Detroit’s Big Three are fighting to dominate...

September 15, 2023

Walmart says it’s ‘not going to be completely...

February 21, 2025

Tesla agrees to first deal to build China’s...

June 21, 2025

Disney and Charter reach deal to end cable...

September 13, 2023

Dow closes more than 570 points higher to...

June 1, 2024

Starbucks to lay off 1,100 corporate workers as...

February 25, 2025

Government shutdown November deadline: What happens to Social...

November 15, 2023

American Eagle shares plunge 17% after it withdraws...

May 15, 2025

Rural town braces for Tyson plant closure as...

August 28, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Execution of Land Access Agreement

    • Canada’s Big Open Banking Move: Unlocking Consumer Control and Financial Innovation

    • BTU Announces Closing of Over Subscribed Flow Through Financing

    • LAURION Extends Drilling into Untested Ground Linking Brenbar and Sturgeon River Mine Corridors at Ishkoday

    • FORTUNE BAY ANNOUNCES EXPLORATION TARGETS AT GOLDFIELDS AND COMMENCES DRILLING

    Categories

    • Business (1,416)
    • Investing (3,195)
    • Politics (3,699)
    • Stocks (1,861)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved