If you make promises to consumers, you must honor them – and if you sign an FTC order, you must comply with it. That’s the lesson learned by Upromise, a college savings website, which must pay $500,000 for violating its existing FTC order.
Not familiar with Upromise? It offers free memberships that allow consumers to earn cash-back rewards on certain purchases. Members can direct those rewards to a college savings plan or to pay down student loans.