As a rule of thumb, if you’re a company and you charge a customer for a service or product, you’re supposed to actually provide that service or product. That apparently wasn’t a practice adhered to by two credit card add-on companies that must now pay millions of dollars in fines and refunds. [More]
New York’s Attorney General has subpoenaed 22 retailers as part of an investigation into the allegedly deceptive practices of internet “discount clubs” Webloyalty, Affinion and Vertrue. “We want it stopped. We believe it is a classic consumer fraud,” said Cuomo.