Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)
FTC action bans telemarketing fraudsters
A Utah-based operation that helped allegedly deceptive telemarketers take millions of dollars from consumers’ credit card accounts will be banned from the payment processing business under a court order resulting from an action filed by the Federal Trade Commission (FTC). According to the complaint for a permanent injunction filed by the Commission, G2 Consulting, LLC and its owner, Chad Gettel, provided telemarketing schemes located primarily in and around Phoenix, Arizona, with services that allowed them to get consumers’ money for worthless money-making opportunities purportedly involving grants and websites linked to Amazon.com.