Refunds anyone?
According to this mornings rockford newspaper FTC plans to force Camco to refund $.in addition, camco may need to repay tax incentives to the state & rockford.
Here's a clip & link to the article:
http://www.rrstar.com/apps/pbcs. Dll/article? AID=1215/BUSINESS07/412150306
The FTC plans to ask a judge to order CAMCO to refund thousands of consumers and is considering whether to permanently ban the company and its top officials from ever working in the debt-collection industry again.
As the federal government prepares to force CAMCO to refund millions to consumers, the state said it is rescinding the company's multimillion-dollar tax incentive package and asking for a refund of $575,000 in grants.
Because CAMCO is no longer in operation and not employing workers, it is in violation of its grant agreement with the state, according to Andrew Ross, spokesman for the Department of Commerce and Economic Opportunity.
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