FTC Staff Urge MLMs Not to Rely on Industry Income Disclosure Guidance
Advisory opinion letter raises “serious concerns” with self-reg group’s guidance.
Island Federal Credit Union
Case Name (Date)
Wykle et al. v. Island Federal Credit Union
23-cv-5722, E.D.N.Y.
(July 2023)
Product/Service
Checking accounts
Allegations
Misrepresenting the number of overdraft fees that may be charged on a single transaction
Status
Pending
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