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St. Peters company reaches settlement with FTC

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St. Peters-based CarShield reached a settlement with the Federal Trade Commission.

CarShield, along with Colorado-based American Auto Shield, which administers its contracts, will pay $10 million in settlement charges, the St. Louis Post-Dispatch reports.

CarShield has been accused of allegedly deceiving customers about its products. The FTC complaint described misleading and aggressive telemarketing tactics.

Read more from the St. Louis Post-Dispatch.

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