United States of America: FTC lawsuit against Brigit over alleged unfair and deceptive claims
Progress
Current status
in force
04 Nov 2024 in force
02 Nov 2023 in force
Scope
Implementers
United States of America
Policy Area
Consumer protection
Policy Instrument
Fair marketing and advertising practice requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
consumer protection authority
Implementation Level
national
Timeline of events
Announced compliance with settlement agreement in FTC lawsuit against Brigit over alleged unfair and deceptive claims
On 4 November 2024, the Federal Trade Commission (FTC) announced that it was sending over USD 17 million in refunds to consumers harmed by online cash advance provider Bridge It Inc. (Brigit) in relation to alleged unfair and deceptive claims. The F…
SourceEvent type
public lawsuit
Action type
ruling
Government branch
executive
Government body
consumer protection authority
Announced settlement in FTC lawsuit against Brigit over alleged unfair and deceptive claims
On 2 November 2023, the Federal Trade Commission (FTC) announced that it had reached a settlement in its lawsuit against Bridge It Inc. (Brigit) over alleged unfair and deceptive claims. The FTC stated that Brigit allegedly assured customers that th…
SourceEvent type
public lawsuit
Action type
ruling
Government branch
executive
Government body
consumer protection authority