FIL-32-2016 May 3, 2016 Request for Comments on Mobile Financial Services Strategies and Participation in Economic Inclusion Demonstrations Summary: The FDIC’s Division of Depositor and Consumer Protection is seeking input from financial institutions, consumer groups and other stakeholders on the FDIC’s plans to assess opportunities for mobile financial services to enhance underserved consumers’ banking experiences. […]
Monthly Archives: May 2016
FTC Obtains $13.4 Million Judgment Against Former BlueHippo Defendant
At the Federal Trade Commission’s request, a federal court has found BlueHippo Funding LLC, BlueHippo Capital LLC and Joseph Rensin in contempt for operating a deceptive computer financing scheme in violation of a federal court order that the defendants agreed to in 2008. The court also entered judgment against Rensin, BlueHippo’s CEO, for $13.4 million, […]
Statement of FTC Chairwoman Edith Ramirez Regarding Supreme Court’s Decision Not to Review POM Wonderful Case
Federal Trade Commission Chairwoman Edith Ramirez issued the following statement in response to the U.S. Supreme Court’s denial today of POM Wonderful’s petition for a writ of certiorari. The Court declined to review the D.C. Circuit’s ruling upholding a Commission decision that found POM and its principals misled consumers in advertising their products. “I am […]