A crackdown on credit repair clinics is under way, as the Federal Trade Commission prepares a major initiative in early April.

Driving this offensive is the agency's telemarketing sales rule, which went into effect at yearend. The rule, part of the Telemarketing and Consumer Fraud and Abuse Prevention Act of 1994, declares war on credit repair services, forcing them to dramatically alter the way they conduct business.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.