Tag: #consumerprotection

Washington Regulators Seek to Revoke CoinFlip License, Impose $1.03M Fine Over Alleged AML, Consumer-Protection Failures

Washington’s DFI charged CoinFlip with anti-money-laundering and consumer-protection failures, seeking license revocation, refunds and a $1.03M fine.

#crypto, #regulation, #coinflip, #consumerprotection

Conference Paper Finds Many Chatbots Promote Sponsored Options, Often Without Clear Disclosure

Conference paper testing 23 LLMs found many steered users to pricier sponsored options and frequently failed to disclose sponsorship.

#ai, #advertising, #chatbots, #consumerprotection

California, Nine States Sue to Block OCC Rule Letting National Banks Avoid Interest on Mortgage Escrows

Ten states sued the OCC seeking to overturn rules that would let national banks avoid paying interest on mortgage escrow accounts.

#banks, #escrow, #occ, #consumerprotection, #regulation

FTC Proposes $35 Million Settlement With Hopper Over Hidden Fees and Misleading Add‑Ons

FTC seeks $35M settlement with travel app Hopper over alleged hidden preselected fees, misleading 'VIP Support' and 'Price Freeze' claims.

#hopper, #ftc, #junkfees, #consumerprotection

FTC Sues Amare Global, Accusing Supplement Seller of False Mental‑Health Claims for Children and Deceptive Earnings Promises

FTC sued Amare Global and three individuals, alleging the MLM falsely promoted supplements as treating depression, anxiety and ADHD in children and misled recruits about earnings.

#ftc, #supplements, #mlm, #consumerprotection

Judge Freezes Assets of Alleged Student‑Loan Relief Operation That Collected Millions

Federal judge freezes assets and disables websites of alleged student‑loan relief scam that posed as the Education Department and collected millions in illegal fees.

#studentloans, #ftc, #consumerprotection, #debtrelief, #scams