Lyle R. Larsen d/b/a Momentum; Consent Agreement With Analysis To Aid Public Comment

Riepilogo

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 prohibit the Bellevue, Washington-based respondent from misrepresenting, in his advertisements for a credit repair kit, any remedy for credit history problems available under the Fair Credit Reporting Act, including the ability to remove accurate but adverse information from credit reports. It would also prohibit the company from misrepresenting the legality of any credit repair product and would require it to disclose that consumers who follow the programs may violate federal criminal laws. The consent agreement settles allegations stemming from advertisements on the Internet for Larson/ Momentum's CreditPlus purported credit repair product.