Bailout

Annals of Ben Stein?s sleazy paymasters, part 215

By Felix Salmon

A new law, aimed at people like Ben Stein’s sleazy paymasters Vertrue, intends to cut off their major source of funding by making it much harder for them to quietly charge people modest amounts of money every month without them noticing. I’ll believe it when I see it. After all, it’s now over ten months since a similar law went into effect aimed at free-credit-report services like the one shilled by Stein. According to that law, the top of this page — and this page, and this page –should be filled with a large box directing visitors to the official FTC.gov page on credit reports. But none of those pages have such a box. Maybe the CFPB can step in and make something happen, now it’s getting up and running.

Full post as published by Macroprudential on February 07, 2011 (boomark / email).