Consumer protection

Technical Safety BC announces the appointment of three new Board Directors

Retrieved on: 
Tuesday, April 30, 2024

Their diverse wealth of knowledge and expertise will be invaluable as our organization continues to advance its strategy in our 20th year as an independent safety regulator," said Technical Safety BC Board Chair, George Abbott.

Key Points: 
  • Their diverse wealth of knowledge and expertise will be invaluable as our organization continues to advance its strategy in our 20th year as an independent safety regulator," said Technical Safety BC Board Chair, George Abbott.
  • Technical Safety BC would like to thank outgoing directors David Guscott, Nancy Olewiler, and Gail Stephens for their contribution to safety and effective governance.
  • Technical Safety BC is governed by a board of 12 directors that provides oversight and ensures safety, transparency, and collaboration in their practices.
  • To find out more about Technical Safety BC's Board of Directors, visit: https://www.technicalsafetybc.ca/about/board-directors .

A Tactical Approach to Combat Inflation

Retrieved on: 
Thursday, April 18, 2024

As inflation continues to come in hot, prices of goods and services rise, and consumers are receiving less for their money.

Key Points: 
  • As inflation continues to come in hot, prices of goods and services rise, and consumers are receiving less for their money.
  • With higher inflation no longer referred to as transitory, understanding its multifaceted consequences and knowing which alternative investment options you have becomes essential to preserving your purchasing power.
  • Orion Metal Exchange states, that gold and silver are a tactical approach to combat inflation and have historically been utilized to protect wealth.
  • These tangible assets possess intrinsic value, and their prices often tend to rise when currency values fall, providing a hedge against inflation and geoeconomic uncertainty.

The SIP Forum Announces AI SUMMIT 2024 Webinar Series Registrations Are Open

Retrieved on: 
Wednesday, April 17, 2024

NORTH ANDOVER, Mass., April 17, 2024 /PRNewswire-PRWeb/ -- The SIP Forum is proud to announce that the official agenda and webinar registrations are now live for the AI SUMMIT 2024, a special virtual event focused on the Role of Artificial Intelligence in the Telecommunications Industry and its Impact as Friend and Foe.

Key Points: 
  • Free-to-Attend Webinar Series takes place May 6-8, 2024; features comprehensive webinar series focused on the solutions, opportunities, and risks that AI poses to the telecommunications industry and users of communication services, its role in the formulation of comprehensive solutions to eliminating illegal Robocall and Robotext fraud and spam, as well as current governmental regulatory, enforcement and legislative actions and considerations.
  • NORTH ANDOVER, Mass., April 17, 2024 /PRNewswire-PRWeb/ -- The SIP Forum is proud to announce that the official agenda and webinar registrations are now live for the AI SUMMIT 2024, a special virtual event focused on the Role of Artificial Intelligence in the Telecommunications Industry and its Impact as Friend and Foe.
  • AI SUMMIT features experts leading the development of AI-powered telecommunications applications and illegal Robocall mitigation solutions, thought-leaders on the opportunities and threats that AI technology poses to providers and users of telecommunications services, and key government regulators.
  • The SIP Forum is also very proud to report that due to the support of our event sponsors , AI SUMMIT 2024 will be free to attend!

FTC Action Leads to Industry Ban for Ringleader of Student Loan Debt Relief Scam

Retrieved on: 
Thursday, April 18, 2024

The ringleader of a student loan debt relief scam will be permanently banned from the debt relief industry and is required to turn over assets as part of a settlement with the Federal Trade Commission.

Key Points: 
  • The ringleader of a student loan debt relief scam will be permanently banned from the debt relief industry and is required to turn over assets as part of a settlement with the Federal Trade Commission.
  • The settlement with Marco Manzi resolves FTC charges involving the student loan debt relief scheme.
  • The FTC said that Apex operators pocketed approximately $8.8 million in junk fees by luring students with false promises of loan forgiveness.
  • The FTC has resources on how to avoid student loan debt relief scams at ftc.gov/StudentLoans.

Proposed FTC Order will Prohibit Telehealth Firm Cerebral from Using or Disclosing Sensitive Data for Advertising Purposes, and Require it to Pay $7 Million

Retrieved on: 
Thursday, April 18, 2024

The order must be approved by the court before it can go into effect.

Key Points: 
  • The order must be approved by the court before it can go into effect.
  • “As the Commission’s complaint lays out, Cerebral violated its customers’ privacy by revealing their most sensitive mental health conditions across the Internet and in the mail,” said FTC Chair Lina M. Khan.
  • “To address this betrayal, the Commission is ordering a first-of-its-kind prohibition that bans Cerebral from using any health information for most advertising purposes."
  • Cerebral provides online mental health and related services on a negative option basis, which means consumers are automatically charged unless they cancel those services.
  • Despite promising that consumers could “cancel anytime,” Cerebral required its clients to navigate a complex, multi-step, and often multi-day process to cancel.
  • The complaint alleges that the company continued to charge consumers while it slow-walked consumers’ cancellation requests, which cost consumers millions in additional charges.
  • The proposed order, which must be approved by a federal court before it can go into effect, only applies to Cerebral.
  • The Commission voted 3-0 to refer the complaint against Cerebral and Robertson and a stipulated final order with Cerebral to the Department of Justice for filing.
  • The DOJ filed the complaint and stipulated order in the U.S. District Court for the Southern District of Florida.

FTC Action Leads to Industry Ban for Ringleader of Student Loan Debt Relief Scam

Retrieved on: 
Thursday, April 18, 2024

The ringleader of a student loan debt relief scam will be permanently banned from the debt relief industry and is required to turn over assets as part of a settlement with the Federal Trade Commission.

Key Points: 
  • The ringleader of a student loan debt relief scam will be permanently banned from the debt relief industry and is required to turn over assets as part of a settlement with the Federal Trade Commission.
  • The settlement with Marco Manzi resolves FTC charges involving the student loan debt relief scheme.
  • The FTC said that Apex operators pocketed approximately $8.8 million in junk fees by luring students with false promises of loan forgiveness.
  • The FTC has resources on how to avoid student loan debt relief scams at ftc.gov/StudentLoans.

FTC Issues Report to Congress on Collaboration with State Attorneys General

Retrieved on: 
Friday, April 12, 2024

The Federal Trade Commission today issued a report to Congress detailing the FTC’s law enforcement cooperation with state attorneys general (AGs) nationwide and presenting best practices to ensure continued effective collaboration.

Key Points: 
  • The Federal Trade Commission today issued a report to Congress detailing the FTC’s law enforcement cooperation with state attorneys general (AGs) nationwide and presenting best practices to ensure continued effective collaboration.
  • The report, directed by the FTC Collaboration Act of 2021, “Working Together to Protect Consumers: A Study and Recommendations on FTC Collaboration with the State Attorneys General” makes legislative recommendations that would enhance these efforts, including reinstating the Commission’s authority to seek money for defrauded consumers and providing it with the independent authority to seek civil penalties.
  • The report is divided into three sections: 1) The FTC’s Existing Collaborative Efforts with State Attorneys General to Prevent, Publicize, and Penalize Frauds and Scams; 2) Recommended Best Practices to Enhance Collaboration; and 3) Legislative Recommendations to Enhance Collaboration Efforts.
  • Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.

FTC Issues Report to Congress on Collaboration with State Attorneys General

Retrieved on: 
Friday, April 12, 2024

The Federal Trade Commission today issued a report to Congress detailing the FTC’s law enforcement cooperation with state attorneys general (AGs) nationwide and presenting best practices to ensure continued effective collaboration.

Key Points: 
  • The Federal Trade Commission today issued a report to Congress detailing the FTC’s law enforcement cooperation with state attorneys general (AGs) nationwide and presenting best practices to ensure continued effective collaboration.
  • The report, directed by the FTC Collaboration Act of 2021, “Working Together to Protect Consumers: A Study and Recommendations on FTC Collaboration with the State Attorneys General” makes legislative recommendations that would enhance these efforts, including reinstating the Commission’s authority to seek money for defrauded consumers and providing it with the independent authority to seek civil penalties.
  • The report is divided into three sections: 1) The FTC’s Existing Collaborative Efforts with State Attorneys General to Prevent, Publicize, and Penalize Frauds and Scams; 2) Recommended Best Practices to Enhance Collaboration; and 3) Legislative Recommendations to Enhance Collaboration Efforts.
  • Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.