FTC-PR-241115-1 (11-15-24) FTC Takes Action Against Bogus Business Finance Scheme Seek Capital For Costing Small Business Owners Millions – FTC says Seek advertises ‘business loans’ but charges companies thousands to open credit cards instead The Federal Trade Commission is taking action against Seek Capital (PDF) and its founder and CEO, Roy Ferman, for operating a bogus […]
Category: Deceptive Business Practices
Deceptive Business Practices encompass unethical tactics used by companies to mislead consumers and gain unfair advantages, including false advertising, bait and switch schemes, pyramid schemes, and identity theft. These practices harm consumer trust, distort market competition, and can lead to legal consequences for businesses. To protect themselves, consumers should conduct thorough research, read fine print, report fraud to consumer protection agencies, and stay informed about common scams. By fostering transparency and ethical conduct, businesses can build trust and contribute to a healthier marketplace.
FTC-PR-241112-1 (11-12-24) FTC Action Stops H&R Block’s Unfair Downgrading Practices and Deceptive Promises of ‘Free’ Filing – Proposed settlement would require company to pay $7 million for consumer redress and make changes for consumers in tax filing seasons 2025 and 2026 A Federal Trade Commission lawsuit is leading to changes for consumers who use H&R […]
FTC-PR-241106-2 (11-06-24) FTC Order Against AI-Enabled Review Platform Sitejabber Will Ensure Consumers Get Truthful and Accurate Reviews – Sitejabber allegedly misrepresented ratings and reviews submitted by consumers who had not yet received products or services The Federal Trade Commission today charged that Sitejabber, a company offering an AI-enabled consumer review platform, deceived consumers by misrepresenting […]
FTC-PR-241105-1 (11-05-24) FTC Takes Action Against Online Cash Advance App Dave for Deceiving Consumers, Charging Undisclosed Fees – Federal court complaint charges that company rarely provides advertised advance amounts, charges ‘tip’ fee to consumers without their knowledge The Federal Trade Commission is taking action against online cash advance app Dave (PDF) for allegedly using misleading marketing to […]
FTC-PR-241104-2 (11-04-24) FTC Takes Action Against Phantom Debt Collector That Collected Millions In Bogus Debt From Consumers – Federal court temporarily halts operations while lawsuit proceeds The Federal Trade Commission is taking action against a Georgia-based debt collector that tricked consumers into paying more than $7.6 million in bogus debt by threatening them with jail time, […]
FTC-PR-241104-1 (11-04-24) FTC Sends More Than $17 Million to Consumers Harmed by Brigit’s Deceptive Claims, Junk Fees, and Confusing Cancellation Process The Federal Trade Commission is sending more than $17 million in refunds to consumers harmed by online cash advance provider Brigit, which the agency says deceived consumers with false promises of “instant” cash advances […]
( Deceptive Business Practices – Article ) ( Articles ) ( Deceptive Business Practices ) Deceptive Business Practices Understanding and Combating Fraud Deceptive Business Practices refer to unethical and misleading tactics used by companies to gain an unfair advantage, mislead consumers, or manipulate the market. These practices can take many forms and can have severe consequences […]