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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