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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Justice Department Authorizes Distributions to Victims of Crypto Mismanagement
Binance violated the Bank Secrecy Act. The Department of Justice (DOJ) authorized an additional $940 million to be distributed to victims of financial mismanagement caused by the cryptocurrency…
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FTC Issues Refunds to Consumers Defrauded by Business Consultants
Refunds totaling over $2 million are being distributed to nearly 2,000 consumers misled by baseless earnings claims. The Federal Trade Commission (FTC) is issuing over $2.4 million in…
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CFPB Director Urges Congress to Safeguard Consumer Data
Certain financial institutions have reportedly developed media relations for individually targeted marketing. Director Rohit Chopra of the Consumer Financial Protection Bureau (CFPB) has urged legislators to protect consumers…
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Johnson & Johnson Reaches $700 Million Talc Settlement
42 states and the District of Columbia brought suit against the company for talc-based health implications. Johnson and Johnson settled its largest talc lawsuit with 42 states and…
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Treasury Department Requests Public Comment on Financial AI Policies
The agency seeks to increase understanding of current AI use within financial services. The Department of the Treasury recently released a request for information and insight on the…
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Transportation Department Secures Refunds for Pandemic Flight Cancellations
The agency took action against Lufthansa, Dutch Airways, and South African Airways. The Department of Transportation (DOT) announced enforcement actions against Lufthansa, South African Airways, and KLM Royal…
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FMCSA Launches Nationwide Initiative to Prevent Moving Scams
The new program addresses fraudulent movers and brokers and supports consumer education. The Federal Motor Carrier Safety Administration (FMCSA) has launched Operation Protect Your Move, a nationwide initiative…
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