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The U.S. District Court for the Northern District of Illinois issued a summative ruling in favour of the Federal Trade Commission against Credit Bureau Servic, LLC f/k/a/ MyScore LLC ("CBS LLC") and its proprietor Michael Brown on July 5, alleging that they misled users with false real estate rentals and misleading claims of "free" credit reporting and then incorrectly registered users in an costly credit surveillance program.
The verdict was passed in favour of the FTC over $5.2 million. You can find a copy of the quick decision here. FTC's appeal claimed that CBS LLC and Brown Craigslist had published advertisements for non-existent leased accommodation, embodied them as real estate owner and provided real estate tour services if customers agreed to receive credit reporting and/or ratings from their web sites.
Specifically, the complainant also argued that the respondents argued that they would provide free credit reporting and ratings if their schemes in fact entered the consumer into automatic credit surveillance service worth $29.94 per months without the consumer's knowing. CBS LLC and Brown were found to have infringed the FTC Act, the Restore Online Shoppers' Confidence Act, the Fair Credit Reporting Act and the Free Annual File Disclosures Rule.
Placed a perpetual restraining order prohibiting respondents from reselling a credit surveillance agency with a bad warrant and presenting essential facts about a good or badly performing services; directs respondents to supervise their affiliated marketing companies in the manner in which they will have to in the policy in the policy in the future; calls on respondents to examine allegations of affiliated marketing companies and terminate membership if they find prohibitive order practice; prevents respondents from using accounting information to receive consumer payment without first seeking their explicit approval.
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