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Konkurencja i konsument · 05/06/1995

Great Expectations Creative Management, Inc., et al.; Proposed Consent Agreement With Analysis To Aid Public Comment

In settlement of alleged violations of federal law prohibiting unfair acts and practices and unfair methods of competition, this consent agreement, accepted subject to final Commission approval, would require, among other things, the franchisor of video dating services and its four franchises to properly and accurately disclose the annual percentage rate (APR) and other credit terms of financed memberships, as required by the federal Truth in Lending Act and would require the franchises to make refunds to consumers who were mislead by the undisclosed finance charges and APRs. In addition, the consent agreement would prohibit the respondents from providing franchises contracts with pre-printed APRs.

Source: Federal Register — Federal Trade CommissionOpen original release →