FTC Continues Push for Civil Penalties with Important Implications for Financial Institutions and MLMs
By EsqSocial Corporation 16/06/21
The FTC yesterday took two actions that on their face seemed part of the regular course, but that could signal notable changes for financial institutions and multi-level marketing companies. First, the FTC filed an amended complaint against RCG Advances, a merchant cash advance provider, alleging that the company violated the Gramm-Leach-Bliley Act and seeking civil penalties under a novel theory of its statutory authority. Second, the FTC announced that it plans to review the Business...
By: Kelley Drye & Warren LLP