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The past week witnessed a big win to the FTC—its lawsuit against RCG Advances, LLC and its owner Robert Giardina has resulted in a permanent ban and return of more than $2.7 million to consumers. In the meantime, the Commission is sending checks totaling more than $164,000 to consumers who were harmed by a bogus mortgage relief scam. Lastly, the FTC initiated a new action against California-based Gravity Defyer Medical Technology Corporation and its owner Alexander Elnekaveh for allegedly deceptive pain-relief claims for Gravity Defyer footwear. These stories and more after the jump.

Continue Reading FTC Updates (June 6-10, 2022)

While the country was busy celebrating Star Wars Day and Cinco de Mayo, the FTC took a number of actions in the consumer protection realm. The agency reported success stories in relation to a credit repair scam, a multi-level marketing scheme, and even deceptively-advertised Internet speeds. In addition, the Commission initiated its second action using the new Made in USA rule, shortly after the first one—this time against an apparel company. The agency also ordered divestment of a subsidiary in a medical device company’s acquisition in the sinus field and sought public comments on the updates to the Energy Labeling Rule. Further, the Senate may begin working to restore the FTC’s power to obtain equitable monetary relief for consumers in federal court. These stories and more after the jump. 

Continue Reading FTC Updates (May 2-13, 2022)