CFPB-PR-241204-2 (12-04-24) CFPB Bans Student Loan Pro and Owner for Fee Harvesting Scheme – Company unlawfully charged upfront fees to borrowers for accessing free debt relief programs Excerpt: WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) took action to permanently ban Student Loan Pro and Judith Noh, its owner, from offering or providing consumer […]
Category: ( Agency News )
Agency News is essential for consumer and investor protection, providing critical information about product recalls, safety warnings, and fraudulent schemes. These releases promote transparency and accountability in the marketplace, enabling consumers to make informed decisions while keeping investors updated on regulatory changes and market conditions. JCAP101.com serves as a central hub for these important updates, aggregating news releases and articles that empower individuals to recognize and avoid scams. By fostering awareness and knowledge, JCAP101.com plays a pivotal role in the fight against fraud and deceptive practices, helping consumers and investors navigate the complexities of the marketplace confidently.
CFPB-PR-241204-1 (12-04-24) Agencies Issue Statement on Elder Financial Exploitation Excerpt: WASHINGTON, D.C. – Five federal financial regulatory agencies, the Financial Crimes Enforcement Network (FinCEN), and state financial regulators issued a statement (PDF 11-pages) today to provide supervised institutions with examples of risk management and other practices that may be effective in combatting elder financial exploitation. Older adults […]
SEC-PR-2024-189 (12-03-24) SEC Charges Kiromic BioPharma and Two Former C-Suite Executives with Misleading Investors about Status of FDA Reviews – SEC declines to impose civil penalties against company due to its self-reporting, remediation, and cooperation. Excerpt: Washington D.C., Dec. 3, 2024 — The Securities and Exchange Commission today filed settled charges against Houston-based biotherapeutics company […]
CFPB-PR-241203-1 (12-03-24) CFPB Proposes Rule to Stop Data Brokers from Selling Sensitive Personal Data to Scammers, Stalkers, and Spies – Rule seeks to protect Americans from crime and illegal foreign surveillance Excerpt: WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today proposed a rule to rein in data brokers that sell Americans’ sensitive personal and […]
FTC-PR-241202-1 (12-02-24) FTC Issues Annual Report on Ethanol Market Concentration 2024 Excerpt: The Federal Trade Commission has issued its 2024 Report on Ethanol Market Concentration. The Energy Policy Act of 2005 directs the Commission to perform an annual review of market concentration in the ethanol production industry “to determine whether there is sufficient competition among industry […]
SEC-PR-2024-188 (11-27-24) SEC Updates List of Firms Using Inaccurate Information to Solicit Investors Excerpt: Washington D.C., Nov. 27, 2024 — The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 14 soliciting entities, two impersonators of genuine firms, and four […]
FTC-PR-241127-1 (11-27-24) FTC Takes Aim at Top Fraud Driving Losses Among Older Americans – FTC expands Telemarketing Rule to cover technical support scams, which drove $175 million in losses among consumers 60 and older last year Excerpt: The Federal Trade Commission has approved final amendments to its Telemarketing Sales Rule (TSR) that will extend the rule’s coverage to […]
FTC-PR-241126-2 (11-26-24) Smart Products Surveyed Fail to Provide Consumers with Information on How Long Companies will Provide Software Updates – Software updates ensure products function properly, stay secure, according to FTC Staff Perspective Excerpt – A new paper from Federal Trade Commission staff finds that nearly 89% of products surveyed failed to disclose on their […]
FTC-PR-241126-1 (11-26-24) FTC Takes Action Against Evolv Technologies for Deceiving Users About its AI-Powered Security Screening Systems – Proposed settlement would prohibit misrepresentations and allow affected schools to opt out of current contracts for security screening systems Excerpt – The Federal Trade Commission is taking action against Evolv Technologies over allegations that the company made […]
SEC-PR-2024-187 (11-25-24) SEC Charges Ken Leech, Former Co-Chief Investment Officer of Western Asset Management Co., with Fraud – Defendant allegedly engaged in cherry-picking, allocating hundreds of millions of dollars in net first-day gains and losses to favored and disfavored portfolios, respectively Excerpt: Washington D.C., Nov. 25, 2024 — The Securities and Exchange Commission today announced […]