The FTC announced on December 11, 2007, that it along with seven state attorneys general filed suit in federal court against Your Money Access, LLC, a payment processor and its principals with violating federal and state laws by debiting, or attempting to debit from consumers' bank accounts on behalf of alleged fraudulent telemarketers and Internet-based merchants. The action is particularly noteworthy for the government's pursuit of a supplier for conduct beyond telemarketing. In particular, the FTC has included as part of its case, YMA's processing of Internet merchants under the unfairness prong of Section 5 of the FTC Act, with similar state-based claims asserted on behalf of the individual state attorneys general.
Attachments:
071211complaint.pdf
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