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May 25, 2016

25 May 2016

FTC Bans Payment Methods Under Its Telemarketing Sales Rule

*This article originally appeared in the FinTech Law Report, Volume 19, Issue 2 for March/April 2016.

On November 18, 2015, the Federal Trade Commission (FTC) issued final amendments to the Telemarketing Sales Rule (TSR) banning payment methods that the FTC believes are disproportionately used by scammers (Final Rule). The Final Rule was published in the Federal Register on December 14, 2015.

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