Rental Research Services, Inc. settles FTC charges that it sold credit reports to ID thieves

Rental Research Services, Inc. , a consumer reporting agency, and its principal, Lee Mikkelson, settled FTC charges that they  failed to properly screen prospective customers and sold at least 318 credit reports to identity thieves.

Under the settlement, the company and its principal must ensure that they provide credit reports only to legitimate businesses for lawful purposes, use a comprehensive information security program, and obtain independent audits every other year for 20 years. The settlement also imposes a $500,000 penalty but suspends payment due to the defendants’ inability to pay.

Read more on the FTC site.

Update: Lee Mikkelson has submitted a press release, which appears as a comment to this entry.

About the author: Dissent