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FTC Approves Final Order with SoFi

Date
Following a public comment period, the Federal Trade Commission has approved a final consent order with SoFi , resolving allegations that it misrepresented how much money student loan borrowers have...

Social Finance, Inc. and Sofi Lending Corp., In the Matter of

In October 2018, the FTC announced that online student loan refinancer SoFi Lending Corp. (SoFi) agreed to stop misrepresenting how much money student loan borrowers have saved, or will save, by refinancing their loans with the company. The Commission approved the final consent in February 2019. In its administrative complaint, announced concurrently with the proposed settlement, the FTC alleged that since April 2016 SoFi made prominent false statements about loan refinancing savings in television, print, and Internet advertisements.

Type of Action
Administrative
Last Updated
FTC Matter/File Number
162 3197

NutriMost LLC

The FTC is mailing 3,483 checks totaling more than $1.95 million to consumers who bought the NutriMost Ultimate Fat Loss System between October 1, 2012 and August 9, 2016, in the Pittsburgh, Pennsylvania area. Each consumer will receive a refund of $560.54.

Type of Action
Federal
Last Updated
FTC Matter/File Number
152 3009
Docket Number
X170031

A&O Enterprises, doing business as iV Bars, and Aaron K. Roberts, In the Matter of

Following a public comment period, the FTC has approved a final order settling charges against a Texas-based marketer and seller of intravenously injected therapy products (IV Cocktails) who allegedly made a range of deceptive and unsupported health claims about their ability to treat serious diseases such as cancer, multiple sclerosis, and congestive heart failure.

Type of Action
Administrative
Last Updated
FTC Matter/File Number
172 3016