BOISE, Idaho (Legal Newsline) – Private Client Payment Corp.
(PCPC) has agreed to settle allegations of misleading state businesses, Idaho
Attorney General Lawrence Wasden said. PCPC will pay $9,000 in restitution to
business owners who filed complaints.
“Idaho’s Consumer Protection Act is designed to protect
businesses, too,” Wasden said. “This is another example of how the law is
intended to make sure all parties play fairly in Idaho’s marketplace.”
PCPC sold lease agreements for credit card processing
terminals and equipment to small businesses throughout Idaho. In 2015, the
company began approaching owners about updating their terminals, allegedly coercing
them into signing non-cancelable lease agreements. These business owners
complained to Wasden’s office that the company misrepresented costs, made false
promises about cancellation abilities and failed to give out signed lease
Under the terms of the settlement, PCPC must educate its
sales representatives about state consumer protection laws, provide reps with
written identification, ban reps from making unauthorized promises and provide
each consumer who completes a sales transaction with a copy of the agreement.
PCPC will pay restitution to six business owners, as well as reimburse Wasden’s
office for attorney fees.