FTC Halts Student Loan Debt Relief Scam Collecting $8.8 Million
The Federal Trade Commission has secured a court order against companies falsely promising federal student loan forgiveness for illegal upfront fees
Category
Business
Business covers markets, the economy, companies, finance, and major commercial developments shaping the United States and the global economy. Follow the latest business headlines and financial news.
FTC and DOJ Extend Comment Period on Competitor Collaboration Guidance
The FTC and Department of Justice have extended the deadline to May 21 for public input on updated business collaboration antitrust guidance
Court Orders Timeshare Exit Scheme Operator to Pay $140 Million
A federal court has fined Christopher Carroll $140 million for deceptive practices in a timeshare exit scheme that defrauded consumers, mostly older adults
FTC Halts Nationwide Health Insurance Scam Targeting Consumers
The FTC has temporarily stopped a deceptive telemarketing operation that fraudulently sold non-insurance health plans to consumers across the US
Trump Extends Jones Act Waiver for 90 Days to Ease Fuel Prices Amid Iran Conflict
The Trump administration has prolonged a key shipping law waiver to increase domestic fuel supplies and lower energy costs as the Iran war disrupts…
Chevron CEO Says U.S. Naval Escorts Likely Needed to Secure Strait of Hormuz Passage
Chevron’s CEO Mike Wirth says naval escorts will probably be required to ensure safe commercial shipping through the Strait of Hormuz amid ongoing regional…
Food prices may rise further amid Iran conflict, experts advise ways to reduce…
Food prices have increased nearly 20% since 2022 and could surge more due to the Iran war, with experts offering tips to help consumers…
IEA Projects Global Natural Gas Tightness for Two Years Due to Iran Conflict
The International Energy Agency warns that disruptions from the Iran war will restrict global natural gas supplies and delay LNG capacity growth through 2027
Trader Joe’s Faces Lawsuit Over Alleged Misleading Caffeine Levels in Coffee
A class-action lawsuit accuses Trader Joe’s of misleading customers by not disclosing lower caffeine content in its French Roast Low Acid coffee
Survey Finds Nearly Half of Political Science Graduates Regret Their Major Choice
A recent survey reveals that political science and communications graduates report the highest levels of regret about their college majors, while nursing graduates experience…