The Federal Trade Commission (FTC) has begun sending more than $5 million in refunds to consumers who were harmed by a deceptive credit card debt relief scheme.
The funds in this distribution came from ACRO Services, which operated under multiple names and ran the scheme, and BlueSnap, which provided payment processing services and profited from the scheme, the FTC said in a Tuesday (Jan. 21) press release.
The FTC’s complaint against ACRO Services charged that it ran a deceptive telemarketing operation that made phony debt relief promises to consumers, charged consumers unlawful upfront enrollment fees, and charged monthly fees for “credit monitoring” services, according to the release.
ACRO Services operated under names…
