Mark Schena engaged in elaborate ruses to convince investors of claims. A coordinated effort headed by the U.S. Justice Department to prosecute COVID-19-related frauds recently concluded its first…
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FTC Reports Increase in Social Media Scams
Latest figures show consumers have lost $2.7 billion since 2021. The Federal Trade Commission (FTC) recently released data regarding scams on social media, which have caused the greatest…
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FTC Fines TransUnion for Illegal Rental Background Check and Reporting
One fine was for poor screening and another for lying to customers. The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) have issued two fines…
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White House Addresses Consumer Junk Fees
FTC and CFPB to implement actions to follow the president’s lead. President Joe Biden gave a speech from the White House Rose Garden this week, addressing the pervasive…
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NHTSA Expanding Investigation into Faulty Ford “Nano” Engines
Preliminary evaluation opens inquiry into 2.7 L and 3.0 L engines. The National Highway Traffic Safety Administration (NHTSA) has expanded its investigation of 2021 Ford Broncos to include…
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DOJ Distributes $40 Million to Victims of Western Union Scams
The second round of distributions from the Western Union Remission Fund. The Department of Justice distributed $40 million to 25,000 victims of fraud perpetuated through and by the…
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FTC Imposes Fines TruthFinder and Instant Checkmate for Deceptive Practices
Background report providers to pay $5.8 million for misleading consumers and violating the Fair Credit Reporting Act. The Federal Trade Commission (FTC) has fined the background report companies…
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FTC Permanently Bars Roomster Over Fake Reviews
Consumers were defrauded by the company offering fictitious listings. The Federal Trade Commission (FTC) has reached a settlement permanently prohibiting Roomster Corp. and its owners from purchasing or…
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FTC Charges Experian Over Unsolicited Email Violations
Consumers were not provided with an opt-out for marketing communications. The Federal Trade Commission (FTC) reported that California-based Experian Consumer Services (ECS), also known as ConsumerInfo.com, has been…
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FTC Freezes Assets of Impersonators of U.S. Education Department
California-based companies allegedly scammed student borrowers seeking debt relief. The Federal Trade Commission (FTC) has taken action against those who offered student borrowers fraudulent debt relief. According to…
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