The Federal Trade Commission mailed 330 refund checks to consumers who allegedly were duped by marketers using illegal robocalls to deceptively claim they could reduce consumers’ credit card interest rates.
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Under settlements entered by the court in 2011 as part of the FTC’s efforts to protect consumers in financial distress, the Dynamic Financial Group defendants were banned from selling debt relief services.
Nearly $350,000 is being returned to consumers; payments will be 100% of their loss.
Consumers who receive the checks from the FTC’s refund administrator should cash them on or before April 16.
