LendEDU

FTC Finalizes Settlement in LendEDU Case Related to Deceptive Rankings and Fake Reviews

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The student loan refinance company that said it promoted the “best student loan refinance companies” ran into trouble with the FTC. This case has implications for lead generators in the debt relief space that advertise the best debt relief solutions. This is especially true for sites that rank companies favorably that pay a fee for …

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Operators of Comparison Shopping Website Agree to Settle FTC Charges Alleging Deceptive Rankings of Financial Products and Fake Reviews

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The operators of a website that compares student loans and other financial products have agreed to settle Federal Trade Commission allegations that they misled consumers to believe their website provided objective product information, when in fact they offered higher rankings and ratings to companies that paid for placement. In an administrative complaint against Delaware-based LendEDU …

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