FTC Finalizes Settlement in LendEDU Case Related to Deceptive Rankings and Fake Reviews

Following a public comment period, the Federal Trade Commission has finalized a settlement with Delaware comparison shopping website LendEDU over allegations that it promoted deceptive rankings of financial products for a fee and posted fake positive reviews of its website. According to the agency’s administrative complaint, LendEDU misled consumers to believe its website provided objective […]

FTC Sending Refund Checks Totaling More Than $470,000 to Consumers Defrauded by Misleading Health Claims for TrueAloe and AloeCran Supplements

The Federal Trade Commission is mailing 22,581 refund checks totaling more than $470,000 to consumers nationwide who bought two deceptively marketed health products—TrueAloe and AloeCran, from a company called NatureCity, LLC. According to the FTC’s October 2019 complaint, the Florida company deceived consumers with claims that TrueAloe and AloeCran were effective treatments for a range […]

FTC Halts Deceptive Payday Lender That Took Millions From Consumers’ Accounts Without Authorization

The Federal Trade Commission has charged a payday lending enterprise with deceptively overcharging consumers millions of dollars and withdrawing money repeatedly from consumers’ bank accounts without their permission. A federal court has entered a temporary restraining order halting the operation and freezing the defendants’ assets, at the FTC’s request. According to the FTC, the 11 […]

Treasury Sanctions Senior Nicaraguan Government Officials, Increasing Pressure on President Ortega’s Regime

WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two senior Nicaraguan government officials, Julio Cesar Aviles Castillo and Ivan Adolfo Acosta Montalvan for supporting the corrupt Ortega regime. Since April 2018, the Ortega regime has cracked down on political opposition, leading to more than 300 deaths, 2,000 […]

FTC Halts Deceptive Payday Lender That Took Millions From Consumers’ Accounts Without Authorization

The Federal Trade Commission has charged a payday lending enterprise with deceptively overcharging consumers millions of dollars and withdrawing money repeatedly from consumers’ bank accounts without their permission. A federal court has entered a temporary restraining order halting the operation and freezing the defendants’ assets, at the FTC’s request. According to the FTC, the 11 defendants, through […]

Peloton Interactive, Inc. Announces Participation in the Cowen and Company 48th Annual Technology, Media & Telecom Conference

NEW YORK, May 21, 2020 (GLOBE NEWSWIRE) — Peloton Interactive, Inc. (Nasdaq: PTON) today announced that the Company will be participating in the 48th Annual Cowen Virtual Technology, Media & Telecom Conference on Wednesday, May 27, 2020, at 2:45 PM ET. Attending for Peloton will be Jill Woodworth, Chief Financial Officer. The audio portion of […]

Comptroller of the Currency Joseph Otting to Step Down, Brian P. Brooks to Become Acting Comptroller of the Currency on May 29, 2020

News Release 2020-66 | May 21, 2020 Share This Page: WASHINGTON—Comptroller of the Currency Joseph M. Otting today announced he will step down from office on May 29, 2020, and pursuant to 12 USC 4 as designated by Secretary of the Treasury Steven T. Mnuchin, First Deputy and Chief Operating Officer Brian P. Brooks will become […]

BRP WILL PRESENT ITS FIRST QUARTER FY2021 RESULTS AND HOLD ITS ANNUAL MEETING OF SHAREHOLDERS

Valcourt, Quebec, May 21, 2020 – BRP Inc. (TSX:DOO; NASDAQ:DOOO) will hold its first quarter FY2021 financial results conference call on Thursday, May 28, 2020, followed by its Annual Meeting of Shareholders. José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer, will present the results of the first quarter of FY2021 […]

Remarks by Assistant Secretary Patel at the Exchequer Club

As prepared for delivery: May 20, 2020 1:00 p.m. EST Washington, DC Introduction Good afternoon.  It is my true pleasure to speak to this esteemed audience today.  Thank you Jim for the introduction and for organizing this event. I would like to divide my remarks into three parts.  First, nearly two months since the historic […]

FTC Sends Letters Warning 50 More Marketers to Stop Making Unsupported Claims That Their Products and Therapies Can Effectively Prevent or Treat COVID-19

The Federal Trade Commission announced it has sent letters warning 50 more marketers nationwide to stop making unsubstantiated claims that their products and therapies can treat or prevent COVID-19, the disease caused by the novel coronavirus. This is the fifth set of warning letters the FTC has announced as part of its ongoing efforts to […]