FTC

Lina Khan Sworn in as New FTC Chair

06/28/21

On June 15, the Senate swore in President Biden nominee Lina Khan as Chair of the FTC following confirmation by vote of 69-28.  Her current term on the Commission will expire on September 25, 2024.

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FTC Takes Novel Approach to Seek Civil Money Penalties in the Wake of AMG Capital Ruling

06/18/21

On June 10, the Federal Trade Commission (FTC) filed an amended complaint for civil money penalties and other relief under Section 5 of the FTC Act prohibiting “unfair or deceptive acts or practices” and Section 521 of the Gramm-Leach-Bliley Act (GLBA) prohibiting the use of fraudulent statements to obtain consumer information.  Setting aside the substance of the allegations, the amended complaint is informative because while the

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Private student lenders need to reset ability-to-repay expectations

11/16/20

Jobs will be harder to find for graduates, and there are new underwriting platforms that can better predict students' future income in their chosen field.

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CFPB announces nationwide crackdown on abusive debt collectors

09/29/20

Through Operation Corrupt Collector, the bureau is coordinating with over 50 other state and federal agencies to target firms for wrongdoing and inform consumers of their rights

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Cash-advance pioneer Yellowstone accused of deception by FTC

08/03/20

The company falsely advertises its cash advances as requiring no collateral or personal guarantee, according to a lawsuit filed by the Federal Trade Commission.

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Visa, Mastercard draw FTC inquiry over debit card transactions

11/13/19

Visa and Mastercard are once again in the crosshairs of U.S. antitrust regulators over policies that can prohibit merchants from routing card transactions over alternative debit networks.

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Senators ask FTC to probe Amazon actions in Capital One breach

10/24/19

The Federal Trade Commission should look into whether Amazon’s failure to secure its services “constitutes an unfair business practice,” which would violate federal law, Sens. Elizabeth Warren and Ron Wyden wrote the agency's chairman.

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