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If you got a loan from this company, you might have money coming your way

January 25th, 2022

Back in April of 2018, the Federal Trade Commission sued the online lending marketplace LendingClub, asserting that the company was falsely promising loan applicants they could receive a specific loan amount along with an important qualifier. No additional hidden fees. In reality, however, the federal agency filed suit against the company over the allegation that …

Instagram Facebook FTC

FTC may seek injunction to prevent Facebook from merging chat features across Instagram, Messenger, and WhatsApp

December 12th, 2019

The FTC may seek an injunction in order to prevent Facebook from tightly integrating features across its suite of messaging services. The potential injunction, The Wall Street Journal notes, arises out of fear that once the integration is complete, breaking up Facebook into disparate entities would become difficult, if not impossible. Word of Facebook’s plan …

AT&T Unlimited Plans

AT&T will pay a $60 million fine for throttling its ‘unlimited data’ plans

November 5th, 2019

From now on, AT&T is going to be prohibited from making any official representations about its mobile data speeds and amounts “without disclosing any material restrictions on the speed or amount of data.” That’s according to a settlement with the Federal Trade Commission announced on Tuesday, which also includes AT&T paying $60 million to resolve …

FTC vs. Equifax

Equifax agrees to a settlement of up to $700 million for massive data breach

July 22nd, 2019

Equifax a couple of years ago had to disclose a massive hack that affected some 147 million people. Hackers were able to extract from Equifax’s servers plenty of personal data, including names and birth dates, addresses, social security numbers, and some 209,000 payment card numbers and expiration dates. Since then, the FTC sued the company, …

Facebook privacy issues

Facebook could be fined up to $5 billion by the FTC due to privacy violations

April 24th, 2019

Facebook has been dealing with one privacy-related scandal after another for more than a year now, a reality that’s about to present the social networking company with a seriously heavy financial penalty. The company shared its first quarter results for 2019 Wednesday afternoon, and as part of that disclosure came Facebook’s acknowledgement that it expects …