Yesterday, the Federal Trade Commission announced two actions potentially of interest to readers:
The FTC announced that it halted an operation that unlawfully shared and sold consumers' sensitive data. The operators of a lead generation business agreed to settle charges brought by the FTC that the company misled consumers into filling out loan applications and sold those applications – including consumers’ sensitive data – to virtually anyone willing to pay for the leads. The press release is here.
The FTC also announced that it was starting to mail 173,000 refund checks totaling more than $49 million to students in compensation for DeVry University’s allegedly misleading ads, which the FTC alleged deceived students about their likelihood of finding jobs in their field of study and the income level they could achieve upon graduation. The FTC's press release is here.