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30 Jun 2016

New limits on telemarketers

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New limits on telemarketers

Scammers want your money, but they don’t want to get caught taking it. That’s why fraudulent telemarketers ask people to pay with systems that deliver a quick, anonymous cash payout like cash-to-cash transfers or cash reload card PINs. However, it’s now illegal for telemarketers to ask for payment by:

  • cash-to-cash money transfers — like those from MoneyGram and Western Union
  • PINs from cash reload cards like MoneyPak and Vanilla Reload

The FTC amended the Telemarketing Sales Rule (TSR) to ban these practices starting June 13, 2016. If a telemarketer asks you to use one of these payment methods, he’s breaking the law.

The amended Rule also bans telemarketers from calling to ask for your bank account information and using it to create a ‘remotely created check’ that you never see, or sign. If a telemarketer you haven’t done business with calls to ask for your bank account number for any purpose, say ‘No’ and hang up.

You have other protections under the Rule, including:

If you hear from telemarketers who don’t follow the rules, hang up and report them to the FTC.

Original article can be found here: New limits on telemarketers