New Federal Regulation of Tax Resolution, Tax Negotiation and Tax Settlement Services: FTC Telemarketing Sales Rule

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Background: How did we get here? - FTC Background – History Debt Relief Services Enforcement; Debt Settlement Workshop; Debt Relief Services Rulemaking; – Telemarketing Sales Rule; Amendments to the Telemarketing Sales Rule; and What’s next?

Federal Trade Commission Act: FTC pursues deceptive practices under Federal Trade; Commission Act ("FTC Act"), 15 U.S.C. 45 et seq.: Section 5 gives the Commission broad authority to prohibit "unfair or deceptive acts or practices"; Section 13(b) authorizes FTC to file suit in United States District Court to enjoin any act or practice that is in violation of any provision of law enforced by the FTC: No rulemaking authority; Enforcement against unfair or deceptive practices – Not required to prove actual deception; – Wide array of remedies: civil penalties, injunctions, restitution, corrective advertising; Issues Policy Statements and "Guides" for specific industries and advertising practices; – Not official regulations but represent FTC’s views of certain practices Debt Relief Services Enforcement; Debt Settlement Workshop; Debt Relief Services Rulemaking; Telemarketing Sales Rule; Amendments to the Telemarketing Sales Rule; and What’s next?

Please see full publication below for more information.

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Published In: Antitrust & Trade Regulation Updates, Civil Remedies Updates, Communications & Media Updates, Finance & Banking Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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