Navigating 2025: Regulatory Shift to the States and the FTC in the Digital Asset Landscape — The Crypto Exchange Podcast
A Conversation with NAAG President and Iowa Attorney General Tom Miller - Regulatory Oversight Podcast
What is Consumer Fraud and What Deceptions are Employed?
The FTC secured a settlement with Growth Cave, LLC and related entities (“Growth Cave”), along with the company’s co-CEOs, to resolve allegations that Growth Cave violated the FTC Act, the Business Opportunity Rule, and the...more
D.C. AG Brian Schwalb, Maryland AG Anthony Brown, and former Virginia AG Jason Miyares settled with two fraudulent youth club nonprofits and their founder to resolve allegations that they misrepresented the nature of what...more
On his last day in office, New Jersey Attorney General (AG) Matt Platkin announced a consent order resolving a consumer fraud investigation into Skims Body, Inc. for charging consumers in New Jersey sales tax on items that...more
Last month, the Oregon Attorney general announced a settlement with HelloFresh over the company’s pervasive use of the “F word” in ads. No, not that “F word”—the other one: “free.”...more
On November 17, the DOJ released its Annual Report to Congress on Efforts to Combat Elder Fraud and Abuse. According to the report, criminal and civil litigators pursued 283 enforcement actions against over 600 defendants...more
On October 30, the Pennsylvania Office of Attorney General announced a $750,000 settlement with a collectibles company resolving allegations that the business used deceptive “negative option” subscription features in...more
On October 31, the New Jersey Office of the Attorney General (OAG) announced a $2.8 million settlement with a real estate company. The settlement resolved claims that the company and its principals violated the Garden State’s...more
On October 23, a coalition of 33 state attorneys general announced a multistate settlement with an online retailer resolving claims of deceptive advertising and billing practices related to its “VIP Membership Program.” The...more
Morrison Foerster’s State and Local Government Task Force is pleased to provide our bimonthly newsletter summarizing some of the most important and interesting developments from state attorneys general (“State AGs”) across...more
Kansas AG Kris Kobach sued Snap, Inc., the creator of Snapchat, alleging that the company engaged in deceptive and unconscionable acts that have harmed consumers, particularly teenagers, in violation of the state’s consumer...more
Arizona AG Kris Mayes sued Reynolds Consumer Products, Inc. and Reynolds Consumer Products, LLC (collectively, “Reynolds”), maker of Hefty brand trash bags, alleging that Reynolds deceptively marketed bags as recyclable and...more
Last week, New York Attorney General Letitia James announced a lawsuit against Early Warning Services LLC (EWS), the parent company of digital payment network Zelle. AG James asserts that Zelle was designed “without critical...more
On April 16, Illinois Attorney General Kwame Raoul announced a $12 million settlement through a consent decree with Direct Energy Services LLC (Direct Energy). Direct Energy is an alternative retail electric supplier (ARES)...more
On March 7, Arizona Attorney General (AG) Kristin Mayes filed a novel lawsuit alleging consumer fraud and racketeering against numerous entities, individuals, and even law firms and title companies involved in the residential...more
In a recent post about legal issues with the social casino sweepstakes model, we indicated that a recent RICO lawsuit against a social casino sweepstakes model, which also named Apple and Google, was dismissed voluntarily by...more
The FTC secured a temporary restraining order and other relief against Click Profit, LLC and related entities arising from allegations that the companies operate an e-commerce business opportunity scheme in violation of...more
On Thursday, March 13, 2025, New York Attorney General (“NYAG”) Letitia James advanced newly proposed legislation to better protect consumers and small businesses from unfair, deceptive, and abusive practices (“UDAP”). This...more
Welcome to the “Student Lending” chapter of our annual report, Consumer Financial Services: 2024 Year in Review. Regulators will likely continue to focus on junk fees and purported deceptive or nontransparent practices...more
On February 27, the Federal Trade Commission (FTC) successfully obtained a temporary restraining order against Blackrock Services, Inc. and its associated entities and individuals. The court order aims to halt the defendants’...more
On March 3, the FTC announced it obtained a temporary restraining order to halt the operations and freeze assets of an alleged debt collection scheme following a lawsuit filed by the FTC. The scheme, operated by several...more
Iowa AG Brenna Bird sued cryptocurrency ATM operators Lux Vending, LLC, and Bitcoin Depot Operating, LLC (collectively, “Bitcoin Depot”) and GPD Holdings LLC d/b/a CoinFlip (“CoinFlip”) for allegedly failing to protect...more
We’ve written previously about the Trump administration’s effort to increase his influence over independent agencies such as the FTC and to review regulations promulgated by these agencies. The White House is also reportedly...more
Targeting multi-level marketers (MLMs) and other “money-making opportunity sellers” has been among the U.S. Federal Trade Commission’s (FTC) top priorities in recent years. The FTC has pursued several enforcement actions...more
The new administration continues to shake up the financial services regulatory environment. The CFPB’s new acting director indicated over the weekend that the agency will not take its next draw of funding from the Federal...more
On February 4, the Federal Communications Commission (FCC) proposed a $4,492,500 fine against Telnyx LLC for allegedly allowing illegal robocalls on its network. The FCC’s Notice of Apparent Liability for Forfeiture (NAL)...more