The scheme made fraudulent promises of loan forgiveness, for which the agency imposed an industry ban and asset forfeiture. The Federal Trade Commission (FTC) has reached a settlement…
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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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SEC Fines Two Investment Firms for “AI Washing”
Chair Gensler says advisors should not claim to use AI when they do not. The Securities and Exchange Commission (SEC) fined two investment companies a combined $400,000 for…
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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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10 States Join FTC Suit Against “Sham” Cancer Charity
The organization raised over $18 million over 5 years only providing 1 percent to cancer patients. This week, ten states joined the Federal Trade Commission in suing the…
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FTC Wins Judgment Against Simple Health Plans for Fraudulent Practices
Court decision bars company and CEO from healthcare marketing, orders restitution to consumers. The Federal Trade Commission (FTC) has secured a $195 million judgment against Simple Health Plans…
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CISA Opens Zero Trust Cybersecurity Office
The entity will offer training and resources for other federal agencies. The Cybersecurity and Infrastructure Security Agency (CISA) launched the Zero Trust Initiative Office last week, expanding cybersecurity…
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FTC Proposes Ban on Individual AI Impersonation as Fraud Concerns Rise
The agency is also looking to strengthen its enforcement against scammers. The Federal Trade Commission (FTC) has requested public feedback on a proposed rule that would prohibit individual…
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FCC Outlaws AI-Voiced Robocalls
Immediately updates policy after fake Biden voice called New Hampshire voters The Federal Communications Commission (FCC) voted unanimously to outlaw robocalls that feature fake voices created by artificial…
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DOT Supports FTC Protections Against Predatory Towing
The department urged the FTC to implement additional restrictions curbing junk fees. The Department of Transportation expressed support for policies banning junk fees, especially with regard to the…
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