[Federal Register Volume 61, Number 49 (Tuesday, March 12, 1996)]
[Notices]
[Page 9995]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-5883]



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FEDERAL TRADE COMMISSION
[Dkt. C-3607]


JAMS Financial, Inc.; Prohibited Trade Practices, and Affirmative 
Corrective Actions

AGENCY: Federal Trade Commission.

ACTION: Consent Order.

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SUMMARY: In settlement of alleged violations of federal law prohibiting 
unfair acts and practices and unfair methods of competition, this 
consent order requires, among other things, a video dating service 
franchise to properly and accurately disclose the annual percentage 
rate (APR) and other credit terms of financed memberships, as required 
by the federal Truth in Lending Act, and requires the franchise to 
establish adjustment refund programs to compensate its past and current 
members who overpaid finance charges.

DATES: Complaint and Order issued August 11, 1995.\1\

    \1\ Copies of the Complaint and the Decision and Order are 
available from the Commission's Public Reference Branch, H-130, 6th 
Street & Pennsylvania Avenue, N.W., Washington, D.C. 20580.
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FOR FURTHER INFORMATION CONTACT: Stephen Cohen, FTC/S-4429, Washington, 
D.C. 20580. (202) 326-3222.

SUPPLEMENTARY INFORMATION: On Monday, June 5, 1995, there was published 
in the Federal Register, 60 FR 29615, a proposed consent agreement with 
analysis In the Matter of JAMS Financial, Inc., for the purpose of 
soliciting public comment. Interested parties were given sixty (60) 
days in which to submit comments, suggestions or objections regarding 
the proposed form of the order.
    No comments having been received, the Commission has ordered the 
issuance of the complaint in the form contemplated by the agreement, 
made its jurisdictional findings and entered an order to cease and 
desist, as set forth in the proposed consent agreement, in disposition 
of this proceeding.

(Sec. 6, 38 Stat. 721; 15 U.S.C. 46, Interpret or apply sec. 5, 38 
Stat. 719, as amended; 82 Stat. 146, 147; 15 U.S.C. 45, 1601, et 
seq.)
Donald S. Clark,
Secretary.
[FR Doc. 96-5883 Filed 3-11-96; 8:45 am]
BILLING CODE 6750-01-M