Biz Op Refunds and Future Rules to Protect Consumers

The Department of Justice Federal Trade Commission consumer protection division is proposing new rules to protect consumers from fraudulent business opportunity scam artists. One of the biggest complaints from consumers at the Federal Trade Commission regarding business opportunities is that often the business opportunity practitioner will not refund the money that they guarantee if the buyer is not satisfied.

Often such money back guarantees are listed on brochures, web sites in the general media advertising. To combat this problem the Federal Trade Commission has proposed the following rules to help consumers from being ripped off by on ethical practitioners;

Proposed section 437.5(l): Failure to cancel or make a refund