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Arete Financial Group

In November 2019, the Federal Trade Commission obtained a temporary restraining order halting an operation that bilked consumers out of millions of dollars by pretending to be affiliated with the U.S. Department of Education and falsely promising student loan debt relief. In September 2020, the FTC announced several of the operators settled FTC charges and agreed to pay at least $835,000. In January 2022, the FTC announced that the remaining defendants in the case are banned from providing student loan debt relief services in settlements with the FTC. The defendants are required to forfeit all of their frozen funds held by the receiver. In June 2023, the FTC sent more than $3.3 million to consumers harmed by this scam.

Type of Action
Federal
Last Updated
FTC Matter/File Number
192 3040
Case Status
Pending

Microsoft Corporation, U.S. v.

Microsoft will pay $20 million to settle FTC charges that it violated COPPA by collecting personal information from children who signed up to its Xbox gaming system without notifying their parents or obtaining their parents’ consent, and by illegally retaining children’s personal information.

Type of Action
Federal
Last Updated
FTC Matter/File Number
1923258
Case Status
Closed
Federal Register Notice

16 CFR Part 318: Health Breach Notification Rule (NPRM)

Date
The Federal Trade Commission is seeking comment on proposed changes to the Health Breach Notification Rule (HBNR) that include underscoring the rule’s applicability to health apps and other similar...