When a retailer closes its doors, what’s the effect on privacy promises the company made to its customers? The business community and bankruptcy bar have been watching with interest what’s going on in the bankruptcy of former book and video seller Borders. Are you up on the latest developments?
FTC watchers will remember Phillip A. Flora. In the first case of its kind, the FTC alleged that Mr. Flora was a One-Man Message Machine, churning out a “mind-boggling” number of unsolicited commercial text messages pitching mortgage modification services. How many did he send? According to the FTC, <Carl Sagan voice> millions and millions </Carl Sagan voice>.
If you’re one of the businesses nationwide deceived by Oregon-based outfits that peddled questionable debit and credit card processing services, a refund check could be in the mail ranging from $100 to as much as $25,000 — depending on what you paid.
If you or your clients accept payment by credit or debit card, mark October 1st on your calendar. That’s the day new rules go into effect that could help lower your costs. The rules, part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, cover four areas that could affect the day-to-day operation of your business.