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Tuesday, June 11, 2002
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The FTC is cracking down on telemarketing companies that offer credit card protection, based on false and misleading claims about identity theft and stolen credit cards.
According to the FTC: Existing federal statutes limit the amount of loss that consumers face to $50 if their credit card is used without their authorization. This makes credit card "protection" packages pitched over the phone essentially worthless.
11:46:50 AM 
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© Copyright
2002
Credit Report Support.
Last update:
7/12/02; 2:33:11 PM.
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