FTC Launches Inquiry Into Formula Shortage

On May 24th, the FTC launched an inquiry into the ongoing infant formula shortage and issued a solicitation for public comment with regards to the same.
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Florida AG Moody Recovers Over $20 Million From Fraudulent Mover

Following a one-week trial, the office of Florida AG Ashley Moody obtained over $20 million in judgments and penalties and a lifetime industry ban against a network of eight related moving companies and their owner, Ohad Guzi, for violations of the Florida Deceptive and Unfair Trade Practices Act, the Florida Moving Act, the Interstate Transportation Code and Federal Motor Carrier Safety Administration regulations.
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CFPB Moves to Spur Consumer Finance Competition

The Consumer Financial Protection Bureau announced the opening of a new office, the Office of Competition and Innovation, to replace the Office of Innovation.
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New York AG James Recovers Over $36 Million for Gift Card Fraud

New York AG Letitia James reached a settlement with global retailer H&M Hennes & Mauritz, L.P. and whistleblower William S. French to resolve allegations that H&M improperly retained unused gift card balances that should have been transferred to the New York State Abandoned Property Fund, and falsely claimed that the funds had been transferred out of state, in violation of the state’s Abandoned Property Law (APL) and False Claims Act.
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AG Election Update

In a May 24 run-off election, incumbent Ken Paxton, a Republican, has defeated land commissioner George P. Bush by a margin of 67.9% to 32.1%. Former ACLU attorney Rochelle Garza won the Democratic run-off against Joe Jaworski by a margin of 62.8% to 37.2%. Paxton and Garza will face off in the statewide AG election in November.
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