The firm agrees to pay over $151 million for misleading disclosures, fiduciary breaches, and conflicts of interest in multiple enforcement actions. The U.S. Securities and Exchange Commission (SEC)…
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DOJ Convenes Interagency Meeting on Equity in AI
Senior government officials and heads of civil rights offices meet to discuss artificial intelligence. The Civil Rights Division of the Department of Justice held its fourth meeting on…
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CFPB Warns Medical Debt Collectors Against Collecting Inaccurate Debts
The agency will take action against double billing, insufficient documentation, and false filings. The Consumer Financial Protection Bureau (CFPB) recently issued a legal guidance for medical debt collectors,…
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CFPB Warns Banks of Overdraft Fee Consent Requirements in New Guidance
Attempts to reign in “phantom opt-in” agreements in updated legal interpretation. The Consumer Financial Protection Bureau (CFPB) released a new guidance this month, cautioning banks not to charge…
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VA Launches Call Center to Protect Veterans from Fraud and Scams
The department establishes the VSAFE website and call center for assistance. The Department of Veterans Affairs has launched resources to help protect U.S. veterans, service members, and their…
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Administration Strike Force on Unfair Pricing Holds Public Meeting
FTC and DOJ partner in discussions on enforcement actions to reduce prices for Americans. The Federal Trade Commission and the Department of Justice held and co-hosted an inaugural…
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SEC Launches Campaign to Promote Investor Protection
The educational initiative is meant to help investors avoid scams. The Securities and Exchange Commission’s Office of Investor Education and Advocacy has launched a public awareness campaign called…
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FTC Reports Increase in Government Impersonation Scams
Consumer losses nearly double in 2023, prompting federal agencies to raise awareness and combat deceptive tactics The Federal Trade Commission (FTC) recently released data showing an increase in…
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FTC Takes Action Against Adobe
The complaint says the company hid fees and prevented consumers from canceling services. The Federal Trade Commission (FTC) is taking action against Adobe and two executives for allegedly…
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Circuit Court Rules CFPB Credit Card Fee Lawsuit to Remain in Texas
The appellate court reverses the district judge’s motion to transfer. The New Orleans-based 5th Circuit Court of Appeals ruled this week that a lawsuit filed by banking groups…
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