FTC Levies Historic Do Not Call Penalty
Fine comes on 10-year anniversary of Do Not Call
The Federal Trade Commission celebrated the 10-year anniversary of the Do Not Call registry with a $7.5 million civil penalty against Mortgage Investors Corporation, the largest fine the FTC has ever collected for a Do Not Call violation.
The case is also the first action the FTC has brought under the Mortgage Acts and Practices advertising rule, which allows the FTC to collect civil penalties for deceptive mortgage ads.
According to the FTC's complaint, Mortgage Investors Corp.,
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