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Tag Archives: Settles
Online Lender Settles with FTC on UDAP, TSR, and EFTA Claims
The Federal Trade Commission’s settlement with an online consumer lending platform, Avant LLC, highlights the importance of legal and regulatory compliance in the fintech space, including—perhaps most importantly—what happens after a loan is made. According to the Commission’s complaint, Avant … Continue reading
FTC Settles False Advertising Claims with Sellers of Cognitive Enhancement Supplements
The Federal Trade Commission (FTC) has agreed to settle claims with individual and business sellers of cognitive enhancement products. The FTC previously filed a claim under the FTC Act, seeking to obtain permanent injunctive relief, restitution, the refund of monies … Continue reading
Posted in Advertising Law
Tagged advertising, claims, Cognitive, Enhancement, false, Sellers, Settles, Supplements
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FTC Settles with Two Online Operators for Failing to Secure Customers’ Data
On April 24, 2019, the Federal Trade Commission announced two data security cases involving online operators—one, an online rewards website, and the second, a dress-up games website—that were alleged to have failed to take reasonable steps to secure consumers’ data, … Continue reading
Posted in Technology & Cyberlaw
Tagged Customers, Data, Failing, Online, Operators, Secure, Settles
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Silicon Valley Company Settles Fraud Charge for Misstating Returns to Investors
The Securities and Exchange Commission today announced that Prosper Funding LLC will pay a $3 million penalty for miscalculating and materially overstating annualized net returns to retail and other investors.San Francisco-based Prosper is a marketplace lender that, through its website, … Continue reading
Posted in Banking and Finance law
Tagged charge, Company, fraud, Investors, Misstating, Returns, Settles, Silicon, Valley
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An Employer Settles With the EEOC After a Supervisor told a Pregnant Worker that Pregnancy Made Women ‘Retarded’ and ‘Stupid’
Starting or growing your family through a pregnancy should be an exciting and gratifying experience. The same should be true about pursuing your chosen career field, before, during and after your pregnancy. Too many times, that doesn’t happen. An employer’s … Continue reading
Posted in Employment and Labour Law
Tagged EEOC, Employer, made, Pregnancy, Pregnant, Settles, Supervisor, told, women, Worker
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