BOISE, Idaho - The Idaho Department of Finance along with the Federal Trade Commission and other state and Canadian provincial agencies has launched "Operation Advance Fee Loan 2000" to rein in telemarketing companies and individuals allegedly involved in promising consumers loans and credit cards for an advance fee, but never deliver them. From Sept. 1999 to June 2000, nearly 4,000 consumer complaints against advance fee loan scams were entered into Consumer Sentinel, a multi-agency law enforcement investigative cyber tool, said the Department of Finance. These scams cause nearly $1 million in annual consumer injury. Gavin Gee, director of the Idaho Department of Finance warned consumers, "Don't pay for a promise" and reminded them that it's illegal for lenders to ask consumers to pay for credit before they receive it.
Idaho, FTC, states, Canadian provinces crack down on advance fee loan scams
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