The educational initiative is meant to help investors avoid scams. The Securities and Exchange Commission’s Office of Investor Education and Advocacy has launched a public awareness campaign called…
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FTC Reports Increase in Government Impersonation Scams
Consumer losses nearly double in 2023, prompting federal agencies to raise awareness and combat deceptive tactics The Federal Trade Commission (FTC) recently released data showing an increase in…
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FTC Takes Action Against Adobe
The complaint says the company hid fees and prevented consumers from canceling services. The Federal Trade Commission (FTC) is taking action against Adobe and two executives for allegedly…
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Circuit Court Rules CFPB Credit Card Fee Lawsuit to Remain in Texas
The appellate court reverses the district judge’s motion to transfer. The New Orleans-based 5th Circuit Court of Appeals ruled this week that a lawsuit filed by banking groups…
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CFPB Director Urges Congress to Safeguard Consumer Data
Certain financial institutions have reportedly developed media relations for individually targeted marketing. Director Rohit Chopra of the Consumer Financial Protection Bureau (CFPB) has urged legislators to protect consumers…
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Federal Agencies Call for AI Fairness, Equality, and Justice Compliance
The statement intends to address potential discrimination through automated systems. The Department of Labor issued a joint statement along with the Department of Justice, Consumer Financial Protection Bureau,…
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Court Allows CFPB Suits Against Student Loan Investment
Appellate court rules that investment trusts must follow consumer protection laws. The Third Circuit U.S. Court of Appeals ruled that investment trusts that purchase and hold private student…
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FTC to Hold Advisory Group Meeting to Prevent Scams Against Seniors
Government and private sector officials will discuss effective scam prevention methods in the meeting. The Federal Trade Commission (FTC) announced an online meeting of the Scams Against Older…
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President’s Administration Continues to Address Late Credit Payment Fees
Interagency cooperation and new provisions focus on consumer protection from fee hikes. Multiple agencies in President Biden’s administration recently announced partnerships to address price hikes and industry “junk…
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DOJ & CFPB Sue Texas Developer for Defrauding Latino Borrowers
The company is accused of making false statements and predatory loans in the Houston area. The Department of Justice and Consumer Financial Protection Bureau filed a lawsuit against…
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