The settlement requires the defendants to direct TeleCheck to stop all collection efforts against consumers whose checks to the defendants were dishonored. Finally, the settlement contains various recordkeeping provisions to assist the FTC in monitoring the defendants' compliance. The Commission vote authorizing staff to file the Stipulated Final Judgement was 5-0. The proposed settlement was filed in the U.S. District Court, Northern District of Texas, Dallas Division, on May 4, 2000. This stipulated final judgment is for settlement purposes only and does not constitute an admission by the defendants of a law violation.
Final judgments have the force of law when signed by the judge.
Copies of the proposed settlement will be available shortly.