Article – Deceptive Business Practices (Articles) Deceptive Business Practices involve misleading tactics used by companies to gain an unfair advantage, often at the expense of consumers and investors. In business and financial markets, these practices can manifest in various ways. In the consumer sector, businesses might engage in false advertising by making exaggerated claims about […]
Category: Deceptive Business Practices
Deceptive Business Practices involve misleading or dishonest tactics used by companies to misrepresent their products, services, or financial status to gain an unfair advantage or deceive consumers and investors. These practices can include false advertising, where exaggerated claims are made about a product’s benefits, bait-and-switch schemes that lure customers with low prices only to substitute them with more costly or inferior items, and fraudulent investment schemes promising high returns with minimal risk. Such practices undermine trust, cause financial harm, and can lead to legal consequences, as regulatory agencies like the SEC, CFTC, FTC, and CFPB work to protect consumers and investors by enforcing transparency and fairness in business and financial transactions.
FTC-PR-240214-3 (Feb. 14, 2024) Court Enters $20.3 Million Judgment in FTC Case Against Merchant Cash Advance Operator Jonathan Braun for Deceiving Small Businesses and Unlawfully Seizing Assets Court’s judgment follows the permanent injunction imposed against Braun issued in October 2023 As a result of a Federal Trade Commission lawsuit, a federal court has entered a […]
FTC-PR-240124-1 (Jan. 24, 2025) FTC Acts to Stop FloatMe’s Deceptive ‘Free Money’ Promises, Discriminatory Cash Advance Practices, and Baseless Claims around Algorithmic Underwriting – Order requires FloatMe to provide $3 million for refunds, clean up advertising, halt use of dark patterns to impede cancellation, and institute a fair lending program The Federal Trade Commission is […]