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California AG Reaches $4.6 Million Settlement with Mortgage Servicer

California AG Rob Bonta announced a $4.6 million settlement with California mortgage servicer Select Portfolio Servicing (SPS). The suit alleges that the company violated state and federal mortgage and debt collection laws during the COVID-19 pandemic. The settlement requires SPS to pay $1.6 million in civil penalties and $3 million in consumer relief. Additionally, the…

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CA Settles With StubHub Over Pandemic-Related Event Cancellations

California AG Rob Bonta settled with StubHub, Inc., to resolve allegations that it failed to pay refunds for canceled events during the COVID-19 pandemic in violation of state consumer protection law. According to the complaint, StubHub allegedly failed to provide “FanProtect Guarantee” full refunds of ticket purchase prices and fees for events cancelled due to…

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FTC Secures $59 Million Settlement over Fintech Firms’ Allegedly Misleading PPP Loan Claims

The FTC has reached settlement agreements with fintech firms Biz2Credit, Inc. and Oto Analytics, Inc. (doing business as Womply) to resolve allegations that the companies misled small businesses during the COVID-19 pandemic in their promotion and handling of Paycheck Protection Program (PPP) loans, violating the FTC Act and the COVID-19 Consumer Protection Act. Biz2Credit issued…

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Don’t Count Your Blessings Just Yet

Arkansas AG Tim Griffin and the FTC settled with BINT Operations LLC and two of its officers (collectively, “BINT”) to resolve allegations that the company violated federal and state consumer protection laws by running a pyramid scheme called “Blessings in No Time” (BINT). Separately, the Texas Attorney General’s Office settled with BINT to resolve similar…

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