United States of America: Announced settlement in FTC lawsuit against Brigit over alleged unfair and deceptive claims
Description
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…
Scope
Policy Area
Consumer protection
Policy Instrument
Fair marketing and advertising practice requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
consumer protection authority