AG Bonta Shares Proposed Regulations for Online Charitable Solicitations
California AG Rob Bonta released proposed regulations governing online charitable fundraising. The regulations implement California Assembly Bill 488, which provides for increased oversight of charitable fundraising on internet platforms.
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AG Election News Roundup
Charity Clark, a Democrat, has announced her candidacy for the Vermont AG position.
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CFPB Reminds Lenders that Algorithms Are Not a Shield for Discrimination
The CFPB released Consumer Financial Protection Circular 2022-03 and an accompanying press release detailing the agency’s position on the application of anti-discrimination laws to consumer lenders relying on so-called “black box” credit models that use complex algorithms or artificial intelligence to evaluate creditworthiness.
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Twitter Fined $150 Million for Alleged Misuse of User Data
The FTC and DOJ reached a settlement with Twitter, Inc. to resolve allegations that the company used user personal data to help sell targeted advertisements in violation of the FTC Act and a 2011 FTC Order, which prohibited the company from misrepresenting the extent to which it protects user data.
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Washington AG Recovers Millions in Fraudulent Unemployment Benefits
Washington AG Bob Ferguson announced that his office has recovered a total of $18.8 million in funds stolen as a part of a massive fraud perpetuated against the state’s Employment Security Department.
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FTC Obtains TRO Against Alleged Credit Repair Pyramid Scheme
The FTC has obtained a temporary restraining order (TRO) against Financial Education Services, Inc., its owners, and five other affiliated entities (collectively the “Credit Repair Parties” or “CRPs”) for allegedly operating an unlawful credit repair pyramid scheme in violation of the FTC Act, the FTC’s Telemarketing Sales Rule, the Credit Repair Organizations Act, and the Telemarketing and Consumer Fraud and Abuse Prevention Act.
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