FTC Obtains $1.7 Million Judgment Against Payment Processor That Took Millions From Consumers Bank Accounts Without Their Authorization

A federal court has ordered a payment processor that debited consumers’ bank accounts without their authorization to pay $1,779,000 in consumer redress and to end the illegal practice. Payment processors serve as middlemen between merchants and banks or credit card companies. In 2006, the Federal Trade Commission charged the defendants with unfairly debiting thousands of […]