The Federal Trade Commission (FTC) opened an investigation into potential violations of the Fair Credit Reporting Act (FCRA) by TeleCheck Services, Inc. and its affiliate, TRS Recovery Services, Inc. We coordinated the client’s follow-up responses to the civil investigative demand, formulated a strategy to defend against the allegations, and negotiated a settlement agreement with the FTC.
TeleCheck Services, Inc. is one of the nation’s largest check authorization service companies.