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Regulatory Actions April 13, 2022

CFPB sues TransUnion for engaging in deceitful marketing, digital dark pattens

The Consumer Financial Protection Bureau (CFPB) sued TransUnion for allegedly continuing its deceitful marketing and digital dark pattern practices to profit from customers. The CFBP also named TransUnion’s two subsidiaries…

By Marivic Cabural Summers Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.
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Regulatory Actions April 8, 2022
Fintech Investment Group, Compcoin to pay $1.8 million over fraudulent forex and digital asset scheme

Fintech Investment Group, Compcoin LLC, and its owner Alan Friedland were ordered to pay a total of $1.8…

By Marivic Cabural Summers Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.
Regulatory Actions April 8, 2022
FTC seeks largest penalty against Kohl’s, Walmart for falsely marketing rayon as bamboo textile

The Federal Trade Commission (FTC) filed lawsuits against national retailers Kohl’s (NYSE: KSS) and Walmart (NYSE: WMT) for…

By Marivic Cabural Summers Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.
Regulatory Actions April 6, 2022
Former PharmaTech CEO charged with conspiracy to defraud the FDA

Former PharmaTech LLC CEO and co-owner Raidel Figueroa has been charged with conspiracy to defraud the U.S. Food…

By Marivic Cabural Summers Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.
Regulatory Actions April 4, 2022
Tracfone to Pay $13.4 million to settle lawsuit related to FCC Lifeline Program

Tracfone Wireless reached an agreement with regulators to settle a civil lawsuit alleging that it violated the False…

By Marivic Cabural Summers Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.
Regulatory Actions April 4, 2022
Twitterking Elon Musk becomes largest shareholder of platform

Jokingly nicknamed “Twitterking” Elon Musk has 80.2 million followers on his Twitter account. Tesla and SpaceX CEO Elon…

By Jackie Allen Jackie is a freelance journalist and technology geek. She worked as a telecom project director for AT&T and BellSouth. Before joining the USA Herald she has written books, articles, blogs and whitepapers. Her clients include Samsung and other technology companies.
Regulatory Actions April 2, 2022
Former GOP Rep. Duncan Hunter to pay penalty for misusing campaign funds

Former Republican Congressman Duncan Hunter reached a settlement agreement with the Federal Elections Commission (FEC). He agreed to…

By Marivic Cabural Summers Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.
Regulatory Actions April 2, 2022
Auto dealer Napleton to pay $10 million to settle lawsuit over its illegal junk fees added to customers’ bills

North American Automotive Services, Inc., also doing business as Ed Napleton Automotive Group agreed to pay $10 million…

By Marivic Cabural Summers Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.
Regulatory Actions April 2, 2022
Edfinancial to pay $1 million fine for deceiving student loan borrowers over Public Service Loan Forgiveness (PSLF)

The Consumer Financial Protection Bureau (CFPB) imposed a $1 million civil money penalty against Edfinancial Services for deceiving…

By Marivic Cabural Summers Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.
Regulatory Actions March 30, 2022
FTC accuses Intuit of deceptive marketing of TurboTax “free” tax filing

The Federal Trade Commission (FTC) filed a complaint against Intuit Inc (NASDAQ: INTU) for allegedly engaging in deceptive…

By Marivic Cabural Summers Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.
Regulatory Actions March 29, 2022
Twilio software engineers charged with insider trading

The U.S. Securities and Exchange Commission (SEC) filed a complaint against three Twilio (NYSE: TWLO)  software engineers and…

By Marivic Cabural Summers Marivic has been a freelance writer/journalist for nearly 20 years. She strictly adheres to the ethical standards in journalism. For her, integrity is everything. Readers deserve to know that real story. She previously worked as research analyst and editor at Lombardi Financial and has written for various websites including The Motley Fool, ValueWalk, IcannWiki and was a news writer/radio program producer at Nation Broadcasting Corporation. Marivic holds a BA in Mass Communications.

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