FTC Levies $1.8 Million Fine for FCRA Violations
PRIVACY LAW—U.S.June 28, 2011
The Federal Trade Commission (FTC) has fined Teletrack Inc. $1.8 million dollars for Fair Credit Reporting Act (FCRA) violations. According to an FTC press release, Teletrack sold credit reports to marketers, which violates the federal law. "The FCRA says a credit reporting agency like Teletrack can't sell a consumer's sensitive credit report information for merely sales pitches," said FTC Bureau of Consumer Protection Director David Vladeck. The settlement requires that the company pay a civil penalty of $1.8 million and only provide credit reports to those deemed permissible to receive them under FCRA. The settlement also spells out record-keeping requirements to ensure compliance with the order.