Case against company marks first civil penalties for violations of FTC’s Notice of Penalty Offenses on money-making opportunities, ROSCA As a result of a Federal Trade Commission lawsuit, investment advice company WealthPress has agreed to a proposed court order that…

Largest Bank in Denmark Agrees to Forfeit $2 Billion Danske Bank A/S (“Danske Bank”), a global financial institution headquartered in Denmark, pled guilty today and agreed to forfeit $2 billion to resolve the United States’ investigation into Danske Bank’s fraud…

The Consumer Financial Protection Bureau issued a technical amendment to the HMDA Rule. This technical amendment updates Regulation C to reflect the closed-end mortgage loan threshold pursuant to a recent court decision. On September 23, 2022, the United States District…

RIKESH THAPA has been charged with operating a scheme to defraud a start-up technology company (the “Victim Company”) of over $1 million worth of United States currency, cryptocurrency, and utility tokens. THAPA used proceeds of his crime on personal expenses,…

ABB Subsidiaries in Switzerland and South Africa plead guilty to bribery conspiracy ABB Ltd. (ABB), a Swiss-based global technology company listed on the New York Stock Exchange with core businesses focused on electrification, automation, motion, and robotics has agreed to…

On November 4, 2022, the National Republican Senatorial Committee (NRSC), National Republican Congressional Committee (NRCC), James David Vance, and Steven Joseph Chabot (collectively plaintiffs), filed suit against the Commission in the United States District Court for the Southern District of…

The Federal Trade Commission is sending payments totaling more than $9.8 million to consumers who were harmed by Illinois-based Napleton Automotive Group’s junk fees and discriminatory practices. The agency is sending 66,355 checks, averaging $147 each. Recipients should cash checks…

“Pig butchering” and other scams lead list of crypto-asset complaints Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) has released a new complaint bulletin that highlights complaints the CFPB received related to crypto-assets. Consumers most commonly reported being victimized…

When consumer reporting companies and furnishers fail to investigate disputed information, consumers are left paying higher interest rates and face greater difficulty finding housing, employment Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) has issued a circular to affirm…

Following a public comment period, the Federal Trade Commission has finalized a consent order against JAB Consumer Partners designed to prevent the private equity firm from further consolidating control over specialty and emergency veterinary clinics. As a condition of JAB’s…

CHEYENNE, Wyo. – In accordance with congressional direction in the Inflation Reduction Act, Bureau of Land Management Wyoming started a 30-day scoping period to receive public input on 209 parcels totaling 251,086 acres that may be included in an upcoming…

Repeat offender will refund at least $141 million to customers and pay $50 million penalty Washington, D.C. – The Consumer Financial Protection Bureau (CFPB) is ordering Regions Bank to pay $50 million into the CFPB’s victims relief fund and to…