ITS REALLY HEART WRENCHING, AND “FRUSTRATING” TO TRY TO SOUND THE “WARNING BELLS” ABOUT SOMETHING/SOMEONE OR A COMPANY; THEN HAVE VIRTUALLY “NOBODY” WHO IS SUPPOSED TO “PROTECT THE PUBLIC” EVER BELIEVE YOU, ENOUGH TO LOOK INTO THE “PROBABILITIES” THAT YOU/I MAY BE RIGHT???
January 13, 2022
D&B deceived businesses about value of products and failed to correct errors on business credit reports, complaint alleges
IT WAS WAYYYY BACK IN ABOUT 1996, TO 2006..THAT D & B STARTED TO “SOLICIT” FOR MY “little/tiny/puny” GROUP OF COMPANIES, TO BECOME “PAYING/$$” REGISTERED, INSTEAD OF A “FREE/GENERAL LISTED” ACCOUNT HOLDER. I TALKED TO AND WITH “UMPTEEN” BUSINESS PEOPLE THAT “SWORE BY YOUR/MY D & B DATA FILES” AND WHEN I KNEW THAT THE “FEDERAL GOVERNMENT AGENCIES” WERE ALSO DEPENDENT UPON “D & B”…AND FROM WHAT I READ/STUDIED/FOUND “D & B” TO BE WERE/WAS “ONLY FOR YOUR BENEFIT” AS LONG AS YOU “PAID THEM ENOUGH MONEY” TO GIVE YOU “FAVORABLE REPORTS” AND IF YOU “SELF REPORTED” FAVORABLE “BUSINESS-BUILDING NUMBERS” AND WERE “ON THEIR THUMBS UP” LISTS. …SORT OF LIKE A “MARKETING GROUP” THAT WOULD “ONLY “POSITIVELY MARKET” ITS BEST MONEY-MAKERS, BUT “WOULD TAKE ANYONE’S MONEY”; NO MATTER WHAT!!!???
I NEVER BECAME A “PAID MEMBER” AND EVEN THOUGH WE ARE “LISTED” WITHIN THEIR SYSTEMS, WHEN I LEARNED OF HOW MUCH THE FEDERAL STATE AND LOCAL GOVERNMENTS WERE “IN BED” WITH THESE “DECEIVERS”, WELL, LET’S JUST SAY THAT, BACK A FEW YEARS AGO, WHEN I ATTENDED A “GENERAL SERVICES AGENCY TRAINING SESSION, THAT THE AGENCY(IES) WAS/WERE MOVING TOWARDS A “UNIQUE IDENTIFIER” NUMBER FOR OUR COMPANIES REGISTERED IN THE GOVERNMENTS SYSTEMS; WELL, MY HEART JUMPED FOR JOY… ONLY TO FIND OUT THAT THE ORIGINAL “D & B” ACCOUNT NUMBERS WERE STILL “TIED/LINKED” TO OUR “UNIQUE IDENTIFIERS” AT D & B.
OF COURSE: I HAVE AGREED TO “PARTNER” WITH THE “FTC” AND “The Consumer Financial Protection Bureau” (https://www.consumerfinance.gov/); AND REPORT/RE-POST/FORWARD THESE CASES, AS MY OWN 1/ONE PERSONAL DUTIES TO INFORM THE PEOPLE AND PUBLIC ABOUT THE “BAD STUFF/BAD HUMANS” AND WHEN THEY DO GET CAUGHT AND SUED AND PROSECUTED..WELL IT ALWAYS SHOWS JUST HOW “FRAGILE/VULNERABLE” THAT A SYSTEM’S MECHANISMS CAN BE, WHEN RAN BY AND CONTROLLED BY OTHER HUMANS!!
“MY SPIDEY SENSES” WERE ALWAYS “TINGLING”; WHEN IT CAME TO D & B!! I AM JUST A “tiny/little/puny/petty” VOICE, MANY TIMES SHOUTING IN THE WILDERNESS!!!!
In Response to FTC Charges, Dun & Bradstreet to Clean Up Small Business Credit Reporting Process and Refund Customers
January 13, 2022
D&B deceived businesses about value of products and failed to correct errors on business credit reports, complaint alleges
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- deceptive/misleading conduct
- Finance
- Bureau of Consumer Protection
- Regional Offices
- East Central Region
- Consumer Protection
- Advertising and Marketing
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- Credit and Finance
- Credit and Loans
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To settle Federal Trade Commission chargesthat it engaged in deceptive and unfair practices, Dun & Bradstreet (D&B) has agreed to an order requiring substantial changes in the firm’s operations that will benefit small- and mid-sized businesses. Under the proposed order, D&B will also provide refunds to certain businesses that purchased the company’s products in the belief that using the products would improve their business credit scores and ratings.
D&B is a leading provider of business credit reports, which can impact firms’ ability to build relationships with vendors and other counterparties. But many businesses have complained of errors in these reports that have cost them time, expense, and opportunities. As detailed in the FTC’s administrative complaint, D&B failed to give these businesses a clear, consistent, and reliable process to get these errors fixed. Moreover, D&B profited from businesses’ pain by selling them a line of products that purported to help them improve their reports. In fact, for many businesses, these benefits proved illusory, while the costs were all too real.
“A faulty D&B credit report can be a huge burden on a small business, raising costs and choking off opportunities,” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection. “This order arms businesses with new tools to ensure a fair shake, stops D&B from profiting illegally from businesses’ pain, and returns funds to firms that got fleeced.”
D&B credit reports, ratings, and scores, the complaint notes, are often key factors in whether and on what terms businesses will extend credit or award contracts to other businesses. This means that the contents of D&B reports can be vitally important to many small and mid-sized businesses. In many cases, however, the reports contain incorrect information, including items as fundamental as a business’s name or address.
Often, when a business would question or try to correct an inaccuracy in its report, D&B pitched a suite of services under the name CreditBuilder costing hundreds or thousands of dollars each year. According to the FTC’s complaint, D&B claimed that its CreditBuilder products allowed the business to have its payment history added to its credit report, which would improve the business’s scores and ratings.
According to the FTC’s complaint, though, the company regularly failed to deliver on its promises about CreditBuilder. While D&B’s salespeople pitched CreditBuilder by promising businesses that the product would make it easy for them to add payment history information to their credit reports, thousands of CreditBuilder subscribers could not get any such information added to their reports at all. In fact, the complaint alleges, D&B refused CreditBuilder subscribers’ submissions more often than it accepted them.
The FTC’s complaint also alleges that D&B’s telemarketers deceptively pitched CreditBuilder to new businesses and to businesses unfamiliar with D&B by falsely claiming that the business had to purchase CreditBuilder so that D&B could conduct a background check and provide the business with a complete credit report.
In addition, according to the complaint, D&B did not clearly tell businesses that CreditBuilder subscriptions automatically renewed each year, nor did it properly disclose other renewal practices that led to ever-increasing costs for its customers.
Under the terms of a proposed settlement order, D&B would be required to make numerous changes to its processes that will help ensure that D&B responds promptly and fully to businesses’ complaints about incorrect information in their D&B reports. Among the notable changes:
- When a business informs D&B of incorrect information in its report, D&B will be required to either delete the disputed information or perform a reinvestigation of the information to confirm its accuracy. If the reinvestigation finds the disputed information to be inaccurate, or if it cannot verify payment experience information, D&B must delete the information and must also ensure that it is not readded to the report at a later date.
- D&B has to comply with specific periods of time within which to promptly investigate and correct errors. The time allowed depends on the complexity of the investigation.
- D&B will be required to inform businesses of the results of their investigations and provide businesses with free access to the information as revised.
The settlement also provides that D&B must make clear disclosures to companies to which it is selling CreditBuilder about the rate at which D&B accepts subscribers’ requests to add payment history information. D&B would also have to make up-front disclosures about ways that D&B limits its role in helping them add such information. These provisions will help prospective customers make informed choices when deciding whether to subscribe to D&B’s CreditBuilder products.
The settlement would also require D&B to provide refunds to many businesses that first purchased CreditBuilder products between April, 2015 and May, 2020, as well as providing opportunities for many current customers to cancel their services and obtain refunds if they so choose.
In addition, the settlement would put restrictions on D&B’s ability to automatically renew CreditBuilder subscriptions, requiring disclosures and prohibiting D&B from using automatic renewal to switch a subscriber into a more expensive product that the subscriber did not order. The settlement would also prohibit D&B from misrepresenting to current or potential customers any material fact about the price or features of any product.
The FTC is committed to taking action to halt abuses aimed at small businesses and other organizations. In a recent case against Richmond Capital, the agency took action against two defendants behind a small business financing scheme by banning them from the merchant cash advance and debt collection industries and ordering them to provide funds for redress.
The Commission vote to issue the administrative complaint and to accept the consent agreement was 4-0. The FTC will publish a description of the consent agreement package in the Federal Register soon. The agreement will be subject to public comment for 30 days from publication in the Federal Register, after which the Commission will decide whether to make the proposed consent order final. Once processed, comments will be posted on Regulations.gov.
NOTE: The Commission issues an administrative complaint when it has “reason to believe” that the law has been or is being violated, and it appears to the Commission that a proceeding is in the public interest. When the Commission issues a consent order on a final basis, it carries the force of law with respect to future actions. Each violation of such an order may result in a civil penalty of up to $46,517.
The Federal Trade Commission works to promote competition, stop deceptive and unfair business practices and scams, and educate consumers. Report fraud, scams, or bad business practices at ReportFraud.ftc.gov. Get consumer advice at consumer.ftc.gov. Also, follow the FTC on social media, subscribe to press releases, and read the FTC’s blogs.
Contact Information
Contact for Consumers: FTC Consumer Response Center 877-382-4357 Media Contact: Jay Mayfield(link sends e-mail) Office of Public Affairs 202-326-2656 Staff Contact: Dana C. Barragate FTC East Central Region 216-263-3402
Related Cases
Dun & Bradstreet, Inc., d/b/a D&B
For Businesses
Blog: FTC says Dun & Bradstreet deceived small businesses about services and pricing
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BUT, “THE OTHERS”= GIANTS OF “CREDIT REPORTING AGENCIES” ARE “NOT” TOTALLY INNOCENT, EITHER AND THEY ALL “WORK TOGETHER” IN CONVOLUTED WAYS, AND YOU HAVE TO “SEE IT/EXPERIENCE IT” AND “UNIQUELY UNDERSTAND, HOW A “D & B” CREDIT SCORE (MINE) WAS ALWAYS VERY HIGH=VERY GOOD… AT “A-PLUS” TO “A-MINUS” (BECAUSE OF SMALL CREDITED AMOUNTS AND PAID OFFS)… BUT, MANY, MANY “POSSIBLE LOANS/CONTRACTS/WITH THE GOVERNMENT AGENCIES, MOSTLY STILL ARE TIED TO “PERSONAL CREDIT” FOR SMALL BUSINESSES, WHICH USUALLY STRUGGLING SMALL COMPANIES, ARE A LOT OF TI,ES IN THE 550-62 RANGES AND “MOST DENIALS” WANT A MINIMUM OF 640-66O SCORES… PRETTY MUCH IMPOSSIBLE SITUATIONS, UNLESS, TINY COMPANIES MAKE “BEST RISK GROWTH DEALS WITH VERY HIGH INTEREST RATED COMPANIES AND MANNN/WOMANN=WHEN YOU DO THAT; YOU HAD BETTER BE RIGHT=OR YOU ARE VERY QUICKLY “OUT OF BUSINESS” AND “BANKRUPT” AND THEN TRY GETTING BACK ON YOUR FEET??= PUNISHED AND “RED-LINED” FROM ANYTHING FOR 7-13 YEARS…
SUCH A GREAT “FREE MARKET” USA “GOTCHA-TYPE SYSTEM” WE LIVE WITHIN, HUH???
GOD IS LOVE=”NOT GREED/LUST/ENVY/ALL THE DEADLY SINS=NOPE!!!;
