The Federal Trade Commission has acted to stop Nexway, a multinational payment processing company, along with its CEO and chief strategy officer, from serving as a facilitator for the tech support scammers through credit card laundering. The defendants in the case have agreed to proposed court orders that prohibit them from any further payment laundering and require them to closely monitor other high-risk clients for illegal activity. The complaint and proposed orders were filed by the U.S. Department of Justice on behalf of the FTC.
Following a thorough investigation, the U.S. Department of Education’s office of Federal Student Aid (FSA) informed Florida Career College (FCC) today that its application to continue to participate in the federal student aid programs has been denied. FCC’s application was denied based upon evidence demonstrating:
PHOENIX (3TV/CBS 5) - Americans received an estimated 225 billion spam texts last year, which is a massive increase over 2021. “We feel the vibration, we hear the ding,” said Melanie McGovern of the Better Business Bureau. “We immediately go to our phones to see what it is. So, unfortunately, scammers know this as well.”
Stocks climbed last week, with the S&P 500 rising 0.8%. The index is now up 7.8% year to date, up 15.7% from its October 12 closing low of 3,577.03, and down 13.7% from its January 3, 2022 closing high of 4,796.56.
In a Sunday (April 16) CNN interview, Janet Yellen said that such a pull back could affect the Federal Reserve campaign to raise interest rates. “Banks are likely to become somewhat more cautious in this environment,” Yellen told the network’s Fareed Zakaria. “We already saw some tightening of lending standards in the banking system prior to that episode, and there may be some more to come.”
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