“Free” must mean free?
Last week, the attorneys general for all 50 states and the District of Columbia announced a settlement with Intuit, Inc., the owner of TurboTax, which will require the company to hand over $141...more
In recent years, payment processors and other financial intermediaries have faced heightened scrutiny from regulatory agencies, including the Federal Trade Commission, for their relationships with companies engaged in...more
5/4/2022
/ Banking Sector ,
Banks ,
Best Practices ,
Due Diligence ,
Enforcement Actions ,
Failure to Monitor ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
Financial Services Industry ,
Fraud ,
Payment Processors ,
Regulatory Requirements ,
Risk Mitigation ,
Webinars
Last week, the Federal Trade Commission filed a complaint in the Northern District of Illinois against the Saint James School of Medicine (SJSM), an Illinois-based for-profit medical school, claiming its Caribbean medical...more
A lawsuit filed by the CFPB last week against a national credit reporting agency provides some insight into the types of website features and designs that regulators like the Consumer Financial Protection Bureau and Federal...more
A few weeks ago, we wrote an article discussing two enforcement actions by the Federal Trade Commission in the Central and Southern Districts of California that highlighted the risks to payment processors and financial...more
4/14/2022
/ Aiding and Abetting ,
Breach of Duty ,
Criminal Conspiracy ,
Enforcement ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
Fraud ,
Payment Processors ,
Receivership ,
Unfair Competition Law (UCL) ,
Wells Fargo
Last week, New York Attorney General Letitia James announced that online travel agency Fareportal Inc., which operates several travel-related websites and mobile platforms, including CheapOair.com and OneTravel.com, will pay...more
Last week, the Federal Trade Commission (FTC) announced that it agreed to settle claims against Dun & Bradstreet (D&B), a business credit reporting agency engaged in deceptive and unfair practices with small and mid-sized...more