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Instead the BBB is a private 501(c)(6) organization with 3 Million in annual revenues derived from membership dues it receives from the very businesses it reports on.2) Attorney General questions new BBB Grading System. Representative says BBB negatively classify businesses they don't like.The Connecticut Attorney General is looking into the practices of the Better Business Bureau after they gave their annual Torch Award for Best Business to Custom Basement, a firm under investigation for violation of consumer protection laws. Addressing Congress, US Representative Corrine Brown said some BBB's libel and slander small businesses they don't like while rating other companies with terrible records as being satisfactory.Read some of these articles below by consumer advocates working to expose the BBB.The Better Business Bureau has compromised their ethics and lost the trust of the business About Top Myth About The BBB1. Of all the myths and misunderstandings about the BBB, the erroneous belief that they are a government regulatory organization is the most pervasive.This is the best way to manage and repair your business reputation. Consumers want to see how a business took care of business. How those businesses take care of those complaints is what separates good businesses from the rest.
In actuality, the BBB is a private 501(c)(6) non-profit organization.The fact that they make money collecting payments from businesses should automatically raise an eyebrow.How can they honestly look out for the consumers best interest when their customer base is businesses?According to their own statistics, 70% of consumers say they are more likely to buy from a BBB accredited business and 84% believe this BBB accreditation means a business meets high standards of trustworthiness.1 With this great brand awareness comes great responsibility to ensure that the BBB itself maintains high standards of trust and reliability, so that their ratings of businesses are accurate, fair, and true.=================================We the undersigned consumers and business owners hereby petition the Better Business Bureau, interested politicians, and government officials to take the following course of action to rectify what we believe to be a travesty with great economic costs. the Better Business Bureau's Double Standards In Grading Businesses Sign the Petition to U. Congress. BBB has made it clear by their actions that they have no interest in protecting the consumer or playing the role of a consumer advocacy organization.LEGAL WOES MOUNT FOR BETTER BUSINESS BUREAU: At last count, there are active lawsuits against the Better Business Bureau in California, Nevada, New Mexico and Minnesota. bbb Roundup knows of two major class action suits lurking in the wings, plus numerous other individual lawsuits being readied to file. KNOW ABOUT THE BBB1) The Better Business Bureau is NOT a government agency.