Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- Value of Health IT
Shows & Panels
FTC issues $7.5 M fine for Do Not Call violations
Thursday - 6/27/2013, 12:50pm EDT
JENNIFER C. KERR
WASHINGTON (AP) -- A mortgage broker accused of trying to dupe veterans and active military has been fined $7.5 million by the Federal Trade Commission.
The commission says Mortgage Investors Corporation, a leading refinancer of veterans' home loans, agreed to the civil penalty after being accused of placing more than 5 million telemarketing calls to numbers on the national Do Not Call registry.
The FTC says telemarketers for the Florida-based company also tried to mislead service members to believe that low interest, fixed-rate mortgages were available at no cost. They allegedly quoted rates that they implied would last the duration of the loan when the company really only offered adjustable rate mortgages.
The FTC announced the penalty on the 10-year anniversary of the registry, which bars telemarketers from calling numbers on the list.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.