Many businesses in WA state have, or are doing business with Riverside Payments, a credit and debit card payment processing company. Now, the Federal Trade Commission has announced the company has agreed to a $600K lawsuit settlement.
FTC, WA State, Sued the Company over Alleged Deceptive Practices
The FTC published information Monday, November 2nd, as did the WA State Attorney General’s Office, that the Vancouver-WA based company has agreed to pay $600K to settle the claims. The original penalty asked for was $32 million, but it was determined the company could not afford it.
The FTC says Riverside, and its equipment-leasing affiliate, Cascade Equipment Leasing LLC, will pay the fine over what they said were deceptive practices.
The FTC and AG Said Riverside Misled Clients
According to the FTC:…