FTC Secures $4.4 Million From Online Payday Lenders to Settle Deception Charges Lenders Will Waive $68 Million in Inflated Fees Charged to Consumers Nationwide Two payday lenders have settled Federal Trade Commission charges that they illegally charged consumers across the country undisclosed and inflated fees. The two companies, Red Cedar Services Inc. and SFS Inc.,… Read More

Lumosity to Pay $2 Million to Settle FTC Deceptive Advertising Charges for Its “Brain Training” Program Company Claimed Program Would Sharpen Performance in Everyday Life And Protect Against Cognitive Decline The creators and marketers of the Lumosity “brain training” program have agreed to settle Federal Trade Commission charges alleging that they deceived consumers with unfounded… Read More

FTC Seeks $1.3B From Race Car Driver Over Payday Loans By Hannah Sheehan Law360, New York (January 20, 2016, 11:53 PM ET) — The Federal Trade Commission urged a Nevada federal judge Wednesday to order race car driver Scott Tucker to pay $1.3 billion in equitable monetary relief after two companies affiliated with Tucker and now owned by… Read More