On June 21, the U.S. District Court for the District of Connecticut granted a temporary restraining order to the Federal Trade Commission to stop the operations of Grand Teton Professionals, a credit repair company. The FTC previously filed a complaint against Grand Teton and related entities, including its owners in their individual capacities – alleging
On June 25, the Federal Trade Commission announced a partnership with law enforcement to target illegal robocalls, including 94 actions aimed at operations around the nation that are responsible for more than a billion robocalls. “Operation Call it Quits” is aimed at reducing the number of pre-recorded telemarketing calls and includes new information aimed at
The Federal Trade Commission has announced a settlement with LightYear Dealer Technologies, LLC, doing business as DealerBuilt, a company that sells software and data services to auto dealers. The FTC alleged that DealerBuilt’s poor data security practices resulted in a breach that exposed the personal information of millions of consumers. A hacker gained unauthorized access
On May 21, the Federal Trade Commission announced that it had settled charges against payment processor Allied Wallet along with its CEO and owner, Ahmad Khawaja, and two other officers – Mohammad Diab and Amy Rountree. The charges stemmed from the FTC’s claim that the defendants knowingly processed payments for merchants that were engaged in
Federal Trade Commissioner Christine Wilson said that federal privacy laws should preempt state privacy laws that have been unworkable for businesses. While Congress considers drafting a federal online privacy law, all five commissioners have supported new rulemaking and enforcement authority.
At an American Enterprise Institute event in Washington, Wilson pointed to California’s new privacy law
The operators of two websites have agreed to settle claims with the Federal Trade Commission relating to allegations that they failed to take reasonable steps to secure consumers’ data, which allowed hackers to breach both websites. The FTC issued a statement on both cases, which can be found here.
One case was filed against
On February 22, the Federal Trade Commission published a final decision in its investigation and enforcement action against online lender Social Finance, Inc. (“SoFi”). The action concerned the FTC’s allegation that SoFi made false statements in its advertising regarding the amount student loan borrowers could save by refinancing with SoFi.
According to the FTC, SoFi
The FTC announced that its roundtable discussion with state attorneys general, which had been set for March 25, will be postponed due to logistical issues. A new date is not yet available on the FTC’s Hearings Calendar, and an agenda has not been posted. This scheduled hearing is part of a larger series of
The FTC issued a press release last week seeking comment on proposed changes to two rules under the Gramm-Leach-Bliley Act of 1999 (the “GLBA Act”) to increase data security for financial institutions and better protect consumers.
The Commission has sought comment on the Safeguards Rule and the Privacy Rule under the GLBA Act. The
On February 25, the Federal Trade Commission announced that it had finalized a consent order settling its claims against online lender SoFi in connection with SoFi’s allegedly misleading advertising of its student loan refinancing products.
The FTC issued a complaint in October 2018 alleging that SoFi, for more than two years, had overstated the