CHICAGO — The Federal Trade Commission's recent lawsuits against two independent sales organizations for alleged violations of the Telemarketing Sales Rule may be the "tip of the iceberg" of regulatory action against the acquiring industry.

The FTC alleges that the ISOs provided transaction services for telemarketing companies even though the ISOs knew or should have known that the telemarketers were committing crimes, Holli Targan, an attorney with Jaffe Raitt Heuer and Weiss PC, said in a presentation here at the Midwest Acquirers Association's 11th annual conference.

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