• Most Popular
  • Most Shared

U.S. Do-Not-Call violators penalized $7.7 million

Wed Nov 7, 2007 12:57pm EST

Stocks

   

WASHINGTON, Nov 7 (Reuters) - Ameriquest Mortgage Co, bed-seller Craftmatic (CRCC.PK), security company ADT and other companies paid fines of $7.7 million dollars for telephoning consumers who had put their names on a do-not-call list, the Federal Trade Commission announced on Wednesday.

Stocks  |  Regulatory News

Craftmatic Industries Inc, which makes adjustable beds, and three of its subsidiaries paid civil penalties of $4.4 million because they ran a sweepstakes that offered a free bed, with the entry form requiring a telephone number.

"You're really trying to fool consumers into giving up their phone numbers," said FTC chairman Deborah Platt Majoras.

The security company ADT was fined $2 million while two of its dealers paid smaller fines for telephoning people who had put their numbers on the do-not-call registry, the FTC said.

Ameriquest, which paid a $1 million penalty, called those whose numbers had been collected from Web sites that offered financial information.

Because Ameriquest, once the largest U.S. subprime mortgage lender, did not have an established business relationship with these people, as the do-not-call registry requires, it was not legal for it to contact them.

Ameriquest's parent ACC Capital Holdings said in late August that it planned to wind down its retail mortgage business. (Reporting by Diane Bartz, editing by Leslie Gevirtz)



More from Reuters

Photo

Time Warner Cable, Fox at impasse; blackout looms

NEW YORK (Reuters) - About 13 million Time Warner Cable Inc subscribers were to lose most Fox programing at midnight on Thursday unless the cable service provider reached a last-minute deal to pay fees to News Corp to broadcast the shows.

A customer is served at a counter inside a foreign exchange store displaying a poster of various banknotes including the Chinese yuan or renminbi (RMB) in Hong Kong November 20, 2009. REUTERS/Bobby Yip
OUTLOOK 2010:

Be careful what you wish for

Pressure on China to loosen its grip on the yuan will continue but the U.S. should tread carefully. Here are five world market issues to watch.  Full Article 

Clients work out on machines at the Bally Total Fitness facility in Arvada, Colorado June 15, 2009.  REUTERS/Rick Wilking

Get real with resolutions

We make them and we break them: The secret to keeping them is to avoid the impossible dream.  Full Article