FTC-PR-240216-1 (Feb. 16, 2024) FTC, California DFPI Case Leads to Ban Against Operators of Mortgage Relief Scam Home Matters USA – Court finds defendants deceived thousands of consumers, requires payment of $19 million for consumer refunds and civil penalties A federal court has issued an order banning the operators of the Home Matters USA mortgage […]
Category: News About Companies
News About Companies on JCAP101.com offers updates on how companies engage with regulatory authorities, covering compliance issues, approvals, and legal challenges. This section highlights key developments like new regulations affecting specific industries, investigations into corporate practices, and the results of regulatory reviews or enforcement actions. By emphasizing these interactions, the platform provides valuable insights into how regulatory changes and decisions shape corporate strategies, operations, and market performance.
FTC-PR-240215-1 (Feb. 15, 2024) FTC Order Will Ban California-based Company from COVID-19 Advertising Claims – Case was part of the Commission’s efforts to combat COVID-related health fraud The Federal Trade Commission today announced a proposed settlement that would ban California-based Precision Patient Outcomes, Inc. (PPO) and the company’s CEO Margrett Priest Lewis from claiming that […]
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-240209-2 (Feb. 9, 2024) FTC Obtains $195 Million Judgment, Permanent Ban on Telemarketing and Selling Healthcare Products Against Simple Health Over Charges It Sold Sham Health Insurance – FTC charged that Simple Health claimed to offer health care insurance with comprehensive coverage and instead effectively left most consumers uninsured The Federal Trade Commission has obtained […]
FTC-PR-240208-1 (Feb. 8, 2024) FTC Sends Refunds to Consumers Harmed by a Tech Support Scam Facilitated by Payment Processor Nexway The Federal Trade Commission is sending more than $610,000 in refunds to consumers who lost money to a tech support scam facilitated by the payment processing company Nexway. Date: Feb. 8, 2024 Accessed: Sep.9, 2024 […]
FTC-PR-240206-2 (Feb. 6, 2024) FTC Action Leads to Permanent Ban for Scammers Who Charged Students Seeking Debt Relief with Junk Fees – Order requires defendants to turn over personal and business assets A group of student loan debt relief scammers will be permanently banned from the debt relief industry and is required to turn over their […]
FTC-PR-240201-1 (Feb. 1, 2024) FTC Order Will Require Blackbaud to Delete Unnecessary Data, Boost Safeguards to Settle Charges its Lax Security Practices Led to Data Breach – FTC says company’s poor security allowed hacker to steal sensitive data of millions of consumers, go undetected for months South Carolina-based Blackbaud Inc. will be required to delete […]
FTC-PR-240131-2 (Jan. 31, 2024) Statement Regarding the Termination of Amazon’s Proposed Acquisition of iRobot In response to the announcement that Amazon and iRobot have terminated their $1.4 billion merger agreement, Federal Trade Commission Associate Director for Merger Analysis Nathan Soderstrom issued the following statement: “We are pleased that Amazon and iRobot have abandoned their proposed […]
FTC-PR-240131-1 (Jan. 31, 2024) Court Finalizes Injunction and Monetary Judgment against Illegal Telemarketing Operation and its Owners – Defendants ordered to pay $28.7 million and are banned from telemarketing after court found they bombarded millions of job seekers with illegal calls A federal district court has entered final orders against a telemarketing company and its […]
FTC-PR-240125-2 (Jan. 25, 2024) FTC Sues to Block Novant Health’s Acquisition of Two Hospitals from Community Health Systems – Proposed acquisition would eliminate competition, increase health care costs in North Carolina’s Eastern Lake Norman Area The Federal Trade Commission today sued to block Novant Health, Inc.’s $320 million acquisition of two North Carolina hospitals from […]