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February

14
2024
Industry News

Court Enters $20.3 Million Judgment in FTC Case Against Merchant Cash Advance Operator Jonathan Braun for Deceiving Small Businesses and Unlawfully Seizing Assets

As a result of a Federal Trade Commission lawsuit, a federal court has entered a judgment requiring merchant cash advance operator Jonathan Braun to pay $20.3 million in monetary relief and civil penalties. This is the first trial by jury that the FTC has ever conducted.

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February

14
2024
Industry News

FACT SHEET: U.S. Department of Education Releases 2023 Update to Equity Action Plan, Outlines New Commitments to Advance Equity

The U.S. Department of Education (Department) today released its 2023 Update to its Equity Action Plan, in coordination with the Biden-Harris Administration's whole-of-government equity agenda. This Equity Action Plan is part of the Department's efforts to implement the President's Executive Order on "Further Advancing Racial Equity and Support for Underserved Communities Through The Federal Government," which reaffirmed the Administration's commitment to deliver equity and build an America in which all can participate, prosper, and reach their full potential.

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February

14
2024
Industry News

Attorney General Bonta, Senator Caroline Menjivar Introduce Legislation to Protect Veterans Against Claim Sharks, Financial Exploitation

SACRAMENTO — California Attorney General Rob Bonta and Senator Caroline Menjivar (D-San Fernando Valley) introduced Senate Bill 1124 (SB 1124) essential legislation seeking to protect veterans from claim sharks. California veterans who need assistance with filing an initial claim for benefits can receive assistance at no charge from their county veteran service office or from another U.S. Department of Veterans Affairs (VA) accredited representative.

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February

14
2024
Industry News

Supreme Court Rules Federal Agencies Are Not Immune to FCRA Violations

The U.S. Supreme Court reached a 9-0 unanimous decision this month that federal agencies issuing loans are required to follow the Fair Credit Reporting Act when it comes to data furnishing practices—just like private lenders.

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February

14
2024
Industry News

Government impersonators mail fake notices to business owners

You’ve heard about scammers who pose as government workers, calling to demand your money or information. But imposters are running scams by mail too. They’re sending fake forms and letters from made-up agencies to small business owners and demanding payment ASAP. Here’s what to know and do if you get a letter like this.

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