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FTC recovers over $500 million from "get rich" and "lose weight in 3 minute abs workout" scammers

By | Ed Mierzwinski
Senior Director, Federal Consumer Program

The FTC today announced a $25 million settlement with the marketers of the Ab Circle Pro, an exercise machine that promises you can lose weight and get ripped abs in "just 3 minutes a day;" meanwhile, a federal judge has also approved a $478 million settlement in the FTC's case against a "get rich quick" infomercial king. A good day for consumers.

More credit card banks quit evil ways

By | Ed Mierzwinski
Senior Director, Federal Consumer Program

In July, the CFPB slammed Capital One for tricking consumers into buying over-priced, under-performing credit monitoring and debt-cancellation subscription products. More good news: the Wall Street Journal is reporting that Bank of America has stopped selling debt cancellation products and that Citibank is in some sort of timeout.

Bumbo, CPSC Recall Baby Seat Linked To Skull Fractures

By | Ed Mierzwinski
Senior Director, Federal Consumer Program

The U.S. Consumer Product Safety Commission (CPSC) and Bumbo, maker of a baby seat linked to at least 21 skull fractures, have announced a repair recall to install a free safety belt. U.S. PIRG and other consumer groups had pressured them to act.

For its own first birthday, CFPB sends gifts to consumers

By | Ed Mierzwinski
Senior Director, Federal Consumer Program

Tomorrow, Saturday, July 21, the Consumer Financial Protection Bureau turns one year old. To celebrate its own birthday, the CFPB sent consumers some gifts this week.

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