| 00:00:34 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
FRONT OF THEIR COMPUTERS TO MAKE TRAVEL PLANS, TO SEND SOMEBODY SOME FLOWERS OR TO ORDER MOVIE TICKETS FOR SOME OTHER TRANSACTIONS. FOR MANY AMERICAN...
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| 00:08:31 |
LeMieux, George - U.S. Senator, [R] Florida
TRANSACTIONS JUST LIKE THAT AND ONE OF OUR GREAT FLORIDIANS, MR. RAY FRANCE IS HERE TODAY AND HE HAS FALLEN PREY TO THESE'S TRANSACTION MARKETERS. PEOPLE...
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| 00:11:05 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
ABOUT EVERYWHERE
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| 00:11:06 |
Dorgan, Byron L. - U.S. Senator, [D] North Dakota
YOU WENT, EVERYTHING YOU LOOKED AT IN MEREDITH ATTWELL BAKER AND THE QUESTION IN YOUR MIND WOULD BE A WIRE YOU FOLLOWING ME NUMBER ONE AND NUMBER TWO...
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| 00:14:39 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
YOU ALSO. FLORENCIA MAROTTA-WURGLER WHO AS AN ASSISTANT PROFESSOR AT NEW YORK UNIVERSITY SCHOOL OF LAW. YOU ARE ONE PANEL SAID YOU ARE ALL ONE PERSON....
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| 00:15:39 |
France, Ray - Consumer, St. Cloud
SITE CALLED -- YOU GOT
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| 00:15:42 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
AUTOMATICALLY ASSIGNED UP IN A SO-CALLED MEMBERSHIP CLUB CALLED VALUE MAX EMKEN VALUE MAX STARTED CHARGING YOU $19.99 A MONTH, IS THAT CORRECT? >>...
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| 00:16:18 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
FIRST OF ALL I WOULD LIKE TO THANK YOU CHAIRMAN ROCKEFELLER AND RANKING MEMBER HUTCHINSON FOR INVITING ME OUT TO SPEAK. I WOULD ALSO LIKE
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| 00:16:29 |
France, Ray - Consumer, St. Cloud
|
| 00:16:30 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
TO THANK THE CENTER OF MY BEAUTIFUL HOME STATE OF FLORIDA FOR HIS KIND
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| 00:16:35 |
France, Ray - Consumer, St. Cloud
WORDS. IT WAS UNEXPECTED
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| 00:16:37 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
BUT GREATLY APPRECIATED. MY NAME IS RAYMOND FRANCE.
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| 00:16:41 |
France, Ray - Consumer, St. Cloud
I AM A FORMER PARATROOPER AND A TWO-TIME COMBAT VETERAN. I FOUGHT IN AFGHANISTAN AND IRAQ. I RECEIVED A TRAUMATIC BRAIN INJURY WHEN MY HUMVEE WAS...
|
| 00:21:30 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
THE SPINAL CORD INJURY IN 2007 WHILE DOWNHILL SKIING AND WAS A QUADRIPLEGIC. SHE STARTED TO GET MOVING BACK IN HER LEGS AND BOTH MY
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| 00:21:38 |
Lindquist, Linda - Consumer, Sussex
HUSBAND AND I THOUGHT SHE NEEDED TO GO TO HIS SPECIALTY SPINAL CORD FACILITY IN ORDER TO GIVE HER THE BEST OPPORTUNITY FOR RECOVERY. THIS WOULD MEAN...
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| 00:30:27 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
QUESTION
|
| 00:30:28 |
Marotta-Wurgler, Florencia - Professor
REGARDING POST-TRANSACTION MARKETING TODAY'S HEARING IS WHETHER CONSUMERS ARE LEGITIMATELY ENTERING INTO THESE TRANSACTIONS, WHETHER THEY ARE BEING...
|
| 00:35:28 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
SURE. >> I WOULD MAKE THIS A METROPOLITAN ART SHOW. I JUST LIKE TO
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| 00:35:42 |
Cox, Prentiss - Professor
SEE THEM. ALL RIGHTS, WHILE THAT'S NOT AS GOOD AS SOME THAT
|
| 00:35:47 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
I'VE SEEN. WHERE THEY HAVE $10 IN BRIGHT BLUE,
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| 00:35:56 |
Cox, Prentiss - Professor
A BIG SQUARE UP AT THE
|
| 00:35:58 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
TOP. AND THEN THERE WILL BE LIKE FIVE MORE OF THOSE PARAGRAPHS IN SMALL PRINT, WHICH I'M NOT 20, I HAVE GOOD EYESIGHT. AND IF I HAD A GALILEO TELESCOPE...
|
| 00:37:10 |
Marotta-Wurgler, Florencia - Professor
THE FINANCIAL
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| 00:37:11 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
ACCOUNTS OF AMERICANS WITHOUT LEGITIMATE PURPOSE COST CYNICISM ABOUT COMMERCE AND HARM COMPETITORS WHO ARE TRYING TO BE
|
| 00:37:17 |
Cox, Prentiss - Professor
HONEST. I'D LIKE TO MAKE THREE POINTS. FIRST, THE PRACTICE EXAMINES HERE IS NOT LIMITED TO THE INTERNET. THEY'RE PART OF A BIGGER PROBLEM, A PROBLEM...
|
| 00:42:10 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
STARTED CHARGING ME $19.99 A MONTH YOU SAID. >> YES, SIR. >> HAVE YOU EVER HEARD OF IT BEFORE THEY STARTED CHARGING YOU THE $19.99 A MONTH. >> NO, SIR....
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| 00:42:37 |
France, Ray - Consumer, St. Cloud
CARD NUMBER
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| 00:42:38 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
TO JOIN THIS CLUB, WOULD YOU HAVE DONE IT? >> NO, SIR. >> THANK YOU. I'D LIKE TO ASK YOU
|
| 00:42:45 |
France, Ray - Consumer, St. Cloud
FOR
|
| 00:42:48 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
YOUR SON THANK YOU FOR COMING OUT FROM WISCONSIN. YOUR
|
| 00:42:53 |
France, Ray - Consumer, St. Cloud
TESTIMONY WAS YOU WERE
|
| 00:42:54 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
USING A WEBSITE CALLED MOVIETICKETS.COM. YOU THOUGHT YOU WERE BUYING MOVIE TICKETS, BUT IN TURN YOU
|
| 00:43:02 |
France, Ray - Consumer, St. Cloud
WERE ALSO BUYING
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| 00:43:03 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
MEMBERSHIPS DUE TO CLASS CALLED RESERVATION REWARDS AND SHARPER DISCOUNTS IN BOTH OF THESE CLUBS ARE CHARGING YOU $10 A MONTH. IS THAT CORRECT? >>...
|
| 00:43:32 |
Lindquist, Linda - Consumer, Sussex
|
| 00:43:33 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
BANK ACCOUNT? >> NO. >> IS GOOD ENOUGH TO TYPE IN YOUR 16 DIGIT CREDIT CARD NUMBER TO JOIN THE RESERVATION REWARDS OR
|
| 00:43:38 |
Lindquist, Linda - Consumer, Sussex
SHOPPERS DISCOUNT CLUB
|
| 00:43:40 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
AMAH WOULD YOU HAVE DONE SO? >> NO. >> SO MR. FRANCE AND MS. LINDQUIST
|
| 00:43:46 |
Lindquist, Linda - Consumer, Sussex
I'M SORRY GOT CAUGHT IN
|
| 00:43:48 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
THE SCAM. YOU CLEARLY DID AND YOU ARE CLEARLY HIGHLY LITERATE, THUS TAKING AWAY THIS
|
| 00:43:54 |
Lindquist, Linda - Consumer, Sussex
THING
|
| 00:43:55 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
THAT PEOPLE CAN GET SCAMMED EVEN THOUGH THEY DON'T KNOW THE INTERNET VERY WELL. YOU KNOW IT'S VERY, VERY WELL AND YOU GOT SCAMMED. ONE OF OUR MEMBERS
|
| 00:44:02 |
Lindquist, Linda - Consumer, Sussex
CLAIRE McCASKILL FROM MISSOURI
|
| 00:44:05 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
HAS TO BE SOMETHING THE ADMINISTRATION ASKED HER TO DO, BUT HER MOTHER GOT SCAMMED A SHE IS ABSOLUTELY IN A RAGE ABOUT IT. MILLIONS OF OTHER AMERICANS...
|
| 00:45:27 |
France, Ray - Consumer, St. Cloud
COMPANY. BECAUSE IF WE ACCLAIMED THAT AMERICA IS THE GREATEST COUNTRY IN THE WORLD THEN IT STARTS WITH TAKING CARE OF OUR FELLOW CITIZENS AND NOT TAKING...
|
| 00:46:03 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
GOAL OF THESE COMPANIES IS JUST TO CHARGE
|
| 00:46:05 |
Lindquist, Linda - Consumer, Sussex
THESE PEOPLE $10 OR $20 BUT MULTIPLY THAT BY MILLIONS OF PEOPLE AND -- >> LIKE 30 MILLION PEOPLE AT DIFFERENT TIMES. YOU'RE RIGHT. MY TIME IS UP AND...
|
| 00:46:33 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
MAILING OR COUPONS FROM THEM, NO PRODUCT OF ANY KIND? >> NOTHING. >> DOES THIS SOUND LIKE FRAUD TO YOU? >> SO SOMEONE IS
|
| 00:46:44 |
Dorgan, Byron L. - U.S. Senator, [D] North Dakota
CHARGING YOU BECAUSE THEY SAY YOU PURCHASE SOMETHING FROM THEM EXCEPT HE RECEIVED NOTHING AND THEY ARE CHARGING YOUR BANK ACCOUNT AND
|
| 00:46:52 |
Lindquist, Linda - Consumer, Sussex
IT JUST SEEMS TO ME --
|
| 00:46:53 |
Dorgan, Byron L. - U.S. Senator, [D] North Dakota
I DON'T KNOW THE LEGALITY BUT IT JUST SEEMS
|
| 00:46:58 |
Lindquist, Linda - Consumer, Sussex
TO ME THAT IF SOMEONE IS TAKING MONEY OUT OF
|
| 00:47:01 |
Dorgan, Byron L. - U.S. Senator, [D] North Dakota
YOUR CHECKING ACCOUNT AND GIVING YOU NOTHING
|
| 00:47:04 |
Dorgan, Byron L. - U.S. Senator, [D] North Dakota
IN RETURN, THAT IS SOMETHING BEYOND JUST SHAMEFUL. THERE MUST BE A LEGAL TERM MAYOR. THE OTHER ISSUE THAT I FIND REALLY TROUBLE FUNKIER IS THAT REPUTABLE...
|
| 00:48:27 |
Lindquist, Linda - Consumer, Sussex
DESCRIBING THIS. THIS
|
| 00:48:28 |
Dorgan, Byron L. - U.S. Senator, [D] North Dakota
IS WHOLESALE CHEATING OF A LOT OF PEOPLE AND I THINK IT JUST HAS TO STOP. I HAD NOT PREVIOUSLY AS I INDICATED EARLIER I HAD NOT PREVIOUSLY BEEN EVEN...
|
| 00:49:23 |
France, Ray - Consumer, St. Cloud
TO GO TO THAT UNIVERSITY OF MINNESOTA LAW SCHOOL. >> LOOKS LIKE WE HAVE SOME PEOPLE WOULD BE PROTECTED PRETTY BADLY. WHAT DO YOU MAKE OF THE NOTION...
|
| 00:49:32 |
Dorgan, Byron L. - U.S. Senator, [D] North Dakota
EXTRACTING MONEY
|
| 00:49:36 |
Cox, Prentiss - Professor
FROM MR. FRANCE AND MS. LINDQUIST ACCOUNTS WITHOUT PROVIDING A PRODUCT TO THEM? WITHOUT THEM EVEN KNOW THEY PURCHASE SOMETHING. THAT SEEMS TO ME
|
| 00:49:48 |
Dorgan, Byron L. - U.S. Senator, [D] North Dakota
LIKE FRAUD. >> MR. CHAIRMAN, SENATOR DORGAN, I'VE BEEN ASTOUNDED FOR TEN YEARS THAT THIS GOES ON AND ON AND TRIED EVERY WAY TO CALL ATTENTION TO IT THAT...
|
| 00:50:11 |
Cox, Prentiss - Professor
YOU'RE ASKING. WHO IN GODS NAME AGREES THAT WE SHOULD ALLOW A PRACTICE WHERE EVERYONE WHO WINDS UP GETTING CHARGED IS UNAWARE, ESSENTIALLY EVERYONE,...
|
| 00:51:16 |
Dorgan, Byron L. - U.S. Senator, [D] North Dakota
CUSTOMERS DO. YOU BUY AN AIRPLANE TICKET MS. LINDQUIST AND IF THAT COMPANY THAT SHE BOUGHT THE TICKET FROM PROVIDES YOUR CREDIT CARD NUMBER TO SOMEBODY...
|
| 00:52:17 |
Dorgan, Byron L. - U.S. Senator, [D] North Dakota
OR DOWN. AT THE DISCRETION OF THE SCAMMER. SO
|
| 00:52:21 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
IF YOU WANT A COPY, WE'LL BE GLAD TO GIVE IT TO YOU. >> THANK YOU MR. CHAIRMAN. THANK YOU FOR ALL THE WITNESSES AND YOUR TESTIMONY TODAY. I WANT TO TALK...
|
| 00:52:49 |
LeMieux, George - U.S. Senator, [R] Florida
ARE GOING AFTER THESE DIFFERENT VENDORS, BUT I WANT TO ASK YOU TO FOLLOW UP ON WHAT SENATOR DORGAN WAS SAYING. IT SEEMS TO ME THAT AN ATTORNEY GENERAL...
|
| 00:53:58 |
Cox, Prentiss - Professor
THANK YOU ALL. AS AN ACADEMIC I'LL PLUG MY ARTICLE. TO THE USAGE AND THE FACT THAT NOBODY KNOWS IT AND TO GO AFTER THESE OTHER ENTITIES. FOR A FRANKLY,...
|
| 00:54:43 |
LeMieux, George - U.S. Senator, [R] Florida
PARTICULARLY IN CONSUMER PROTECTION,
|
| 00:54:46 |
Marotta-Wurgler, Florencia - Professor
THERE HAS TO BE NOTICED AND IT MUST BE AMBIGUOUS. I HIGHLY SUSPICIOUS THAT GIVEN THE WAY THE OFFERS ARE PRESENTED IT AS BEEN DONE IN AN AMBIGUOUS FASHION....
|
| 00:55:41 |
LeMieux, George - U.S. Senator, [R] Florida
THAT THE CHAIRMAN IS RIGHT AND SENATOR DORGAN IS RIGHT IN THAT THERE SHOULD BE AND I WANT TO FALL ON PROFESSOR COX COMMENTS. THEY SHOULD BE PROHIBITED...
|
| 00:57:54 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
TO THIS PROCESS. AND ONE OF OUR WITNESSES SAID EARLIER, YOU KNOW, YOU COULD GO INTO A LOT OF THINGS
|
| 00:58:00 |
Udall, Tom - U.S. Senator, [D] New Mexico
BUT A HEARING LIKE THIS I THINK BRINGS THAT OUT TO THE PUBLIC. AND I'M ANYWAY REMINDED OF MY DAYS AS STATE ATTORNEY GENERAL WHERE WE USED TO SAY WHEN...
|
| 01:00:56 |
Cox, Prentiss - Professor
PROBLEM WITH THE CIVIL ENFORCEMENT PROBLEM HERE IS THAT THIS THING IS TO USE TECHNICAL LANGUAGE, BROUGHT IN AT ITS CORE. IT'S NOT A MATTER OF SEPARATING...
|
| 01:02:19 |
Udall, Tom - U.S. Senator, [D] New Mexico
WORLD AND IN SOME SENSE IT SIGNIFICANTLY NEEDS TO BE UPDATED. AND I AGREE WITH PROFESSOR COX
|
| 01:02:24 |
Meyer, Robert - Professor
THAT THE STRUCTURE OF THESE BUSINESSES IS SUCH THAT THE ONLY WAY THESE COMPANIES MAKE MONEY IS THROUGH OPEN AND OUTRIGHT DECEPTION. AND THE ONE THING...
|
| 01:03:20 |
Udall, Tom - U.S. Senator, [D] New Mexico
YOU'VE DONE US AND THE AMERICAN PEOPLE A BIG FAVOR AND FOCUSING ON CONSUMER PROTECTION IN A NEW WAY THAT I DON'T THINK HAS BEEN DONE ON THE COMMERCE...
|
| 01:03:53 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
DID NOT. >> I DID GIVE OUT THE
|
| 01:03:57 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
VOTE IN ILLINOIS FOR
|
| 01:03:58 |
Klobuchar, Amy - U.S. Senator, [D] Minnesota
JIMMY CARTER. VERY POORLY YOU MIGHT DIE. IT ACTUALLY
|
| 01:04:04 |
Cox, Prentiss - Professor
GOT NOTICES OF HOW ABOUT GET
|
| 01:04:05 |
Klobuchar, Amy - U.S. Senator, [D] Minnesota
THE VOTE OUT WEST. >> I WANTED TO WELCOME YOU PROFESSOR COX FOR THE PURPOSE OF RECORD, PROFESSOR COX HAS BEEN VERY ACTIVE IN A NUMBER OF VERY IMPORTANT...
|
| 01:04:17 |
Cox, Prentiss - Professor
ME ON SOME OF THE WORK WE'RE DOING WITH CELL PHONES, WHICH IS NOW EMERGED AGAIN THIS WEEK WITH THE EARLY TERMINATION FEES CHARGED BY VERIZON AND OTHER...
|
| 01:04:29 |
Klobuchar, Amy - U.S. Senator, [D] Minnesota
KNOW YOU WERE WORKING WITH MIKE HENCH, THE ATTORNEY GENERAL, DID YOU FILE THE SUIT ON SIMILAR THINGS LIKE THIS BEFORE? >> SENATOR KLOBUCHAR, YES. IT...
|
| 01:04:59 |
Cox, Prentiss - Professor
THIS IS JUST I'M GIDDY. THAT YOU'RE TAKING A LOOK AT THIS HUGE PROBLEM. >> DO YOU THINK THAT THERE ARE THINGS WE CAN DO -- WHAT WOULD YOU SUGGEST THAT...
|
| 01:05:26 |
Klobuchar, Amy - U.S. Senator, [D] Minnesota
FINANCIAL INSTITUTIONS AND RETAILERS SHOULDN'T SELL A ACCOUNT NUMBERS AND ACCESS TO ACCOUNT TO THIRD-PARTY SELLERS. THERE'S JUST NO REASON OR LEGITIMATE...
|
| 01:05:39 |
Cox, Prentiss - Professor
I EXPLAIN SOME OF THE ATTEMPT TO JUSTIFICATIONS AND WHY THEY ARE JUST SOMEWHAT PITIFUL. THERE'S REALLY NOT MUCH OF AN ARGUMENT HERE. NOW YOU GET INTO...
|
| 01:06:16 |
Klobuchar, Amy - U.S. Senator, [D] Minnesota
A LITTLE TRICKIER LEGISLATIVE DRAFTING ISSUE. I REALLY DO THINK THAT THERE IS AN OBVIOUS AND CLEAR SOLUTION TO THIS AND IT'S JUST TO
|
| 01:06:22 |
Cox, Prentiss - Professor
SHUT DOWN SELLING CONSUMED ACCESS TO CONSUMERS ACCOUNTS. >> HAD THERE BEEN ANY ATTEMPT BY ONLINE RETAILERS TO TRY TO STOP THIS? TO TRY TO EXERT PRESSURE...
|
| 01:06:47 |
Klobuchar, Amy - U.S. Senator, [D] Minnesota
ACT, SECTION 502 T. AS SOMETHING THAT PRETTY MUCH ON ITS FACE SAYS YOU CAN'T DO THE FINANCIAL INSTITUTIONS ANYWAY WHICH IS A BIG PART OF THIS PROBLEM....
|
| 01:06:59 |
Cox, Prentiss - Professor
BUT THE OCC AND ALONG WITH OTHER REGULATORS WERE AUTHORIZED TO ENACT REGULATIONS AND INSTITUTE REGULATIONS THAT ESSENTIALLY COMPLETELY CIRCUMVENTED...
|
| 01:07:51 |
Klobuchar, Amy - U.S. Senator, [D] Minnesota
THE 30 DAY TRIAL PERIOD, BUT WITH VERY INTERESTING AND A LARGE DATABASE SAMPLE SHOWS THAT IN FACT MOST PEOPLE WHO WIND UP GETTING THIS CATCH IT AFTER...
|
| 01:08:04 |
Cox, Prentiss - Professor
INITIALLY BILLED, NOT DURING THE 30 DAY PERIOD. WHICH IS COUNTER INDICATED IF YOU THOUGHT THEY REALLY WORKED WAY THEY SET IT TO YOU AND SO MOST PEOPLE...
|
| 01:09:10 |
Klobuchar, Amy - U.S. Senator, [D] Minnesota
A PARTISAN ISSUE. I CAN'T IMAGINE WHY ANYONE AND I'M SO GLAD TO SEE THAT IT'S NOT THAT WAY, ANYONE WOULD SAY WE WANT PEOPLE TO SELL PRODUCTS FOR THE...
|
| 01:09:23 |
Cox, Prentiss - Professor
JUST ABSURD. >> MR. MEYER AND THEN I'M OUT OF TIME. >> I JUST WANT TO ADD THAT ON TERMS OF THESE MULTI- CHARGES THAT FOR PEOPLE THAT ACTUALLY DON'T...
|
| 01:09:49 |
Klobuchar, Amy - U.S. Senator, [D] Minnesota
FIND
|
| 01:09:51 |
Meyer, Robert - Professor
OUT. >> SO THERE'S AN ART FORM TO SEEING HOW FAR YOU CAN RAISE IT WITHOUT PEOPLE BEING SUSPICIOUS. SENATOR NELSON. >> THANK YOU, MR. CHAIRMAN. MR. FRANCE,...
|
| 01:10:12 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
TO SPEAK OF ALL OF THE TRAUMA AND TIME AND SO FORTH THAT YOU HAD TO GO THROUGH. SO, BUT YOU ARE AN EXAMPLE
|
| 01:10:23 |
Nelson, Bill - U.S. Senator, [D] Florida
OF WHAT'S HAPPENING WITH THIS EXPLOSION OF TECHNOLOGY. WE HAVE PEOPLE THAT ARE NOW INSTEAD OF USING A CROWBAR TO STEAL, NOW USED TECHNOLOGICAL IMPROVEMENTS....
|
| 01:12:37 |
France, Ray - Consumer, St. Cloud
SCAMMED AND OVER WE HAVE COMMENTS HERE
|
| 01:12:41 |
Nelson, Bill - U.S. Senator, [D] Florida
FROM PEOPLE 2003, 2002 OVER THE YEARS WERE TALKING ABOUT TENS AND TONS OF BILLIONS
|
| 01:12:48 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
OF PEOPLE. THE AMOUNT MAY BE SMALL, BUT THE AMOUNT IS NOT SMALL TO THOSE WHO ARE STRUGGLING TO GET BY. AND YOU MADE MS. LINDQUIST VERY, VERY WELL. TEN...
|
| 01:15:00 |
Marotta-Wurgler, Florencia - Professor
READS BY THE WAY, OF A FANDANGO OR THEIR BUSINESSES THEY SAY WERE PROTECTING ALL SORTS OF INFORMATION, BUT YOU'RE ALSO GIVING US THE AUTHORIZATION...
|
| 01:16:16 |
Meyer, Robert - Professor
OF AUTOMATED PROCESSES THAT THEY'RE NOT REALLY AWARE OF AND IN MANY CASES THEY THINK THEY ARE STILL IN THEIR ORIGINAL SITE. THEY THINK IN MANY CASES...
|
| 01:18:04 |
Cox, Prentiss - Professor
A LEGITIMATE WAY THAT THESE COMPANIES WOULD NOT EXIST. >> MY TIME IS OUT. BEFORE I GO TO THE NEXT SENATOR, ONE OF THE THINGS I REGRET ABOUT THIS HEARING...
|
| 01:18:30 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
TAKE PRESCRIPTION NOT OF THE BROWN PAPER BAG AND YOU TAKE THE LITTLE BOTTLE OUT AND THEN THERE'S THIS PAPER WERE TO IMMEDIATELY THROW WHEN BECAUSE YOU...
|
| 01:19:15 |
LeMieux, George - U.S. Senator, [R] Florida
TO PREVENT THIS FROM FROM HAPPENING OTHER UNSUSPECTING AMERICANS. >> SHORE, WHILE SOME OF THESE HAD BEEN MENTIONED BEFORE. ONE OF WHICH IS I THINK THAT...
|
| 01:19:39 |
Meyer, Robert - Professor
A CASE WHERE A CUSTOMER WITHOUT A VISTA PRINT WEBSITE BUYING ONLINE LABELS AND THIS IS SORT OF THE SITE THEY WERE IMMEDIATELY TAKEN TO. AND THROUGHOUT...
|
| 01:20:55 |
LeMieux, George - U.S. Senator, [R] Florida
THE CERTAIN STEPS THEY ARE EXPECTED
|
| 01:20:59 |
Meyer, Robert - Professor
CONSEQUENCES, PARTICULARLY WITH FINANCIAL LIABILITY. YOU ENTER CREDIT CARD INFORMATION, YOU EXPECT TO BE LIABLE FOR SOMETHING. IF YOU ENTER
|
| 01:21:08 |
Marotta-Wurgler, Florencia - Professor
E-MAIL INFORMATION YOU EXPECT TO GET AN E-MAIL. SO THAT'S EXTREMELY IMPORTANT. OTHERWISE TRUSTING ONLINE MARKETS WOULD BE SERIOUSLY DAMAGED AND PEOPLE...
|
| 01:22:18 |
Cox, Prentiss - Professor
HAD BEEN MENTIONED EARLIER IS TO ACTUALLY HOLD THESE REPUTABLE OR AT ONE TIME REPUTABLE COMPANIES RESPONSIBLE FOR ALLOWING THESE OTHER
|
| 01:22:28 |
LeMieux, George - U.S. Senator, [R] Florida
SITES TO COME IN AND DO THAT AND ESSENTIALLY THEY ARE ONE IN THE SAME. THEY MAY NOT BE TAKING AS
|
| 01:22:34 |
France, Ray - Consumer, St. Cloud
MUCH MONEY, BUT BY ALLOWING THESE OTHER COMPANIES TO COME AND THEY'RE JUST AS GUILTY. AND IF WE CAN DISCOURAGE THEM FROM ALLOWING THESE COMPANIES THEN,...
|
| 01:23:14 |
LeMieux, George - U.S. Senator, [R] Florida
HAVE A
|
| 01:23:16 |
Lindquist, Linda - Consumer, Sussex
GOOD VOTE IN ABOUT TEN MINUTES. SO WE NEED TO CLOSE. I WANT TO ASK ONE QUESTION
|
| 01:23:25 |
LeMieux, George - U.S. Senator, [R] Florida
AND PUT SOMETHING IN THE RECORD. I ASKED UNANIMOUSLY AND GIVE CONSENT TO PLAY
|
| 01:23:32 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
SEVERAL IN TODAY'S HEARING. ONE IS THE STAFF REPORTS CALLED A AGGRESSIVE SALES TAX ON THE INTERNET. WHICH WAS CIRCULATED TO MEMBERS YESTERDAY AFTERNOON....
|
| 01:26:06 |
Marotta-Wurgler, Florencia - Professor
SO IT SEEMS 11 IS DEALING WITH AN ORIGINAL THEN THERE ANY GIVEN PRACTICES ONE ASSOCIATE IS GIVING THE LAST FOUR DIGITS OF THE CREDIT CARD NUMBER AS A...
|
| 01:28:18 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
THIS INVESTIGATION I THINK STARTS AND ENDS WITH THE AMERICAN CONSUMER. EVERYBODY IS TAKING ADVANTAGE OF EVERYTHING THEY CAN. THE VODKA IS ALWAYS A TEMPTATION...
|
| 01:31:12 |
Cox, Prentiss - Professor
PROBLEM? >> MR. CHAIRMAN I DON'T ACTUALLY AGREE WITH YOU THAT WE STOPPED TELEMARKETERS
|
| 01:31:15 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
COLD BUT ONE OF THE THINGS, AND I WAS INTIMATELY INVOLVED IN THE TELEMARKETING SALES RULE. BUT, THE ORIGINAL RULE WAS EXACTLY WHAT WE ARE TALKING ...
|
| 01:31:33 |
Cox, Prentiss - Professor
PROCESS BETWEEN THE PROPOSED RULE IN THE FINAL RULE WERE BOUND UP WITH THIS VERY COMPLEX PROCESS THAT INVOLVED THIS CONCEPT OF FREE TO PAY CONVERSANCE...
|
| 01:32:55 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
BUT-- FOR BOOKS. BUT, AND THEN YET, UNDER PRESIDENT GEORGE BUSH, AND UNDER PRESIDENT BARACK OBAMA, THERE ARE TWO DIRECTORS OF NATIONAL INTELLIGENCE THE...
|
| 01:34:54 |
Unidentified Speaker, -
THE SUBJECT.
|
| 01:34:55 |
Rockefeller, John "Jay" D. IV - U.S. Senator, [D] West Virginia
I WANT TO THANK YOU ALL VERY, VERY MUCH FOR TAKING THE TIME. I AGREE WITH YOU PROFESSOR COX THAT THIS WILL HAVE AN EFFECT, AND IT ALREADY HAS. AND,...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.