The Federal Trade Commission has issued an order postponing the effective date of the Combatting Auto Retail Scams (CARS) Rule while a legal challenge against the rule is pending.
On January 2, 2024, the Consumer Financial Protection Bureau (CFPB) filed an amicus brief in the case of Carrasquillo v. CICA Collection Agency, Inc. where it argued that knowledge (i.e. “scienter”) of a violation of the Fair Debt Collection Practices Act (FDCPA) was not required to be found liable for making a false, deceptive, or misleading representation in connection with the collection of a debt.
A Federal Trade Commission lawsuit has led to the permanent end to a business opportunity scam known as Ganadores Online and Ganadores Inversiones Bienes Raíces that targeted Spanish-speaking consumers with brazen and false money-making pitches for online businesses and real estate investments.
Small- to medium-sized businesses (SMBs) are, by definition, firms with the most potential to grow. But, somewhat counterintuitively, SMBs also represent a category most likely to suffer from a lack of financial inclusion within the broader landscape.
Personal computer ownership exploded in the 1990s. Technologies that enabled new forms of communication, productivity, and entertainment were also accompanied by computer-related scams, misrepresentations, and anti-competitive practices.
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