FTC Proposes New Rule Targeting Deceptive Income Claims in MLM Industry
Proposed new earnings claim rule comes three years after TINA.org comment to FTC.
In September 2020, a class-action lawsuit was filed against Visions Federal Credit Union for allegedly misleadingly representing that it charges only one insufficient funds fee on a single transaction when, according to plaintiffs, the credit union routinely charges multiple insufficient funds fees on a single transaction. (Petrey et al v. Visions Federal Credit Union, Case No. 20-cv-1147, N.D.N.Y.)
For more of TINA.org’s coverage of lawsuits filed against banks and credit unions, click here.
Proposed new earnings claim rule comes three years after TINA.org comment to FTC.
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