The CFPB charged a credit-repair software and solutions company and its CEO with assisting credit-repair businesses in their collection of advance fees from consumers, in violation of the Telemarketing Sales Rule.
A company that collects and sells alternative market data and its former CEO settled SEC charges for (i) materially misrepresenting how the company obtained its data, and (ii) engaging in deceptive customer acquisition and retention practices.
The FTC approved "largely technical changes" to five rules under the Fair Credit Reporting Act. The amendments clarify that the FCRA rules, as enforced by the FTC, apply only to motor vehicle dealers, since Dodd-Frank transferred authority for the regulation of other types of entities to the CFPB.
A healthcare services company, its former CFO and the company's controller settled SEC charges for accounting and disclosure violations that led the company to report inaccurately high net income and earnings per share.
The SEC charged five individuals with trading on material non-public information related to a subscription video streaming service's subscriber growth. The scheme involved three former employees who worked as software engineers and two closely associated individuals.