United States of America: Announced compliance with settlement agreement in FTC lawsuit against Brigit over alleged unfair and deceptive claims
Description
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…
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