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Schrold also will be prohibited from violating any provisions of the CROA Sooner or later, and is required to pay for an $11,000 civil penalty. On top of that, Schrold will be required to notify any credit bureau to whom he designed a unfavorable report about any of his prospects, telling them the negative merchandise should be taken off, as well as notify any of his prospects who nevertheless owe money for credit repair services that they're no longer obligated to pay for. Finally, the proposed settlement has numerous other recordkeeping provisions built to help the FTC in checking the defendant's compliance. The Commission vote approving the submitting from the proposed settlement was four-0. The proposed stipulated judgment was filed because of the Division of Justice, for the request with the FTC, inside the U.S. District Court docket for your Southern District of Florida, in Fort Lauderdale.

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