The US Federal Trade Commission “FTC” announced on August 11, 2022, LendingClub Corporation would start sending a second round of payments to nearly 62,000 loan applicants. The online lender failed to comply with its no hidden fee loan guarantee. On January 18, 2022, 15,748 customers were rewarded over $10 million for undisclosed fees through an… Continue reading LendingClub Customers Rewarded $9.7M For No Hidden Fee Scam
Tag: ftc
Opendoor Labs To Pay FTC $62M For Home Buying Scheme
Opendoor Labs Inc., headquartered in Tempe, Arizona, operated an online home buying platform that scammed sellers out of millions of dollars. Opendoor claimed to pay more than the open real estate market when in fact, sellers lost thousands of dollars. Utilizing fraudulent practices, Opendoor enticed consumers to sell their homes outright below the market value.… Continue reading Opendoor Labs To Pay FTC $62M For Home Buying Scheme
Beware Anewoo Scam – Poreless Deep Cleanse Mask Stick
Anewoo.com is a Shopify store. The Anewood collection includes Addison, Alexis, Amara, Anastasia, and Arden attire. The vendor promotes the Poreless Deep Cleanse Mask Stick. Poreless Deep Cleanse Mask Stick Alibaba Replica Anewoo’s Poreless Deep Cleanse Mask Stick is priced at $24.99 per unit. The Alibaba is $0.51 per unit. Anewoo is most likely an… Continue reading Beware Anewoo Scam – Poreless Deep Cleanse Mask Stick
Chemence & President James Cooke To Pay FTC $1.2 Million For Lying About “Made In USA” Claims
The Federal Trade Commission has approved a final consent order settling charges that superglue peddler Chemence Inc. and company president James Cooke sold pre-labeled and pre-packaged glues with deceptive “Made in USA” claims on them. The glue was supplied to Chemence’s trade customers. The FTC’s complaint alleging deceptive “Made in USA” claims was first announced… Continue reading Chemence & President James Cooke To Pay FTC $1.2 Million For Lying About “Made In USA” Claims
FTC Bans Harvest Moon Financial & Gentle Breeze Online From Payday Lending Industry
The FTC has announced that the owners and operators of an extensive payday pending scheme will be permanently banned from the lending industry under the terms of a settlement. The settlement will also eliminate all outstanding debt, which is comprised entirely of illegal finance charges. The scheme operated online under several names, including Green Stream… Continue reading FTC Bans Harvest Moon Financial & Gentle Breeze Online From Payday Lending Industry
Agora To Pay $2M To Settle ‘The Doctor’s Guide To Reversing Diabetes In 28 Days’ Scheme
Agora Financial, a Baltimore-based LLC, reached an agreement with the US Federal Trade Commission (FTC) to settle several complaints targeting vulnerable seniors. The company allegedly operated two schemes promising victims a diabetes Type II cure and free government money. Agora Financial promised to give seniors access to a diabetes cure and information that would lead… Continue reading Agora To Pay $2M To Settle ‘The Doctor’s Guide To Reversing Diabetes In 28 Days’ Scheme
Student Loan Debt Relief Scammer Enters Into Agreement To Settle FTC Charges
Earlier this month, it was announced that student loan debt relief scammer Brandon Frere and his company had entered into an agreement with the FTC to settle charges they mislead roughly 40,000 people about lowering their student loan debt. Frere ran Ameritech Financial. The FTC’s 2018 complaint showed that Frere and his companies sent personalized… Continue reading Student Loan Debt Relief Scammer Enters Into Agreement To Settle FTC Charges
FTC Refunds Nearly $3.9 Million To Those Duped By Quell Wearable Pain Relief Device
This week, the Federal Trade Commission announced it was sending more than 70,000 checks and PayPal payments totaling $3,864,824 to consumers who purchased Quell which is a wearable device supposedly capable of treating chronic pain. Quell was advertised as helping treat chronic pain throughout the body when placed below the knee. The FTC explains that… Continue reading FTC Refunds Nearly $3.9 Million To Those Duped By Quell Wearable Pain Relief Device
FTC Sues Golden Sunrise Nutraceutical For Marketing COVID-19 Treatment Plan
The Federal Trade Commission has charged a California-based company with deceptively advertising a $23,000 treatment plan by saying it is scientifically proven to treat COVID-19. The FTC’s complaint claims Golden Sunrise began marketing its Emergency D-Virus plan as a COVID-19 treatment in March of this year. The company used billboards, websites, and social media to… Continue reading FTC Sues Golden Sunrise Nutraceutical For Marketing COVID-19 Treatment Plan
Indivior Inc To Pay $10 Million After Settling FTC Charges It Used Anticompetitive Tactics To Impede Competition From Lower-Cost Suboxone Generics
This week, Indivior Inc. agreed to pay $10 million to settle Federal Trade Commission charges that it had violated antitrust laws through a deceptive scheme to stop lower-priced generic competition with its opioid replacement therapy drug Suboxone. The purposed stipulated order bars Indivior from engaging in similar behavior in the future. Suboxone is used to… Continue reading Indivior Inc To Pay $10 Million After Settling FTC Charges It Used Anticompetitive Tactics To Impede Competition From Lower-Cost Suboxone Generics