Tennessee AG Jonathan Skrmetti reached an $11.1 million settlement with Mariner Finance resolving allegations that the company violated the Consumer Financial Protection Act and other consumer protection laws through deceptive lending practices and hidden add-on products. As previously reported, Tennessee was part of a bipartisan coalition of AGs that sued Mariner over its lending practices,…

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New York AG Letitia James reached a $5 million settlement with cryptocurrency platform Uphold HQ Inc. for allegedly misleading investors while promoting CredEarn, a crypto investment product from now-collapsed Cred LLC, in violation of the Martin Act and Executive Law § 63(12). According to the AG’s office, Uphold promoted CredEarn as a safe, reliable savings…

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A coalition of 23 Republican AGs sent a letter to Fitch Ratings, Moody’s Investors Service, and S&P Global Ratings questioning whether the credit rating agencies’ ESG policies violate federal securities laws, state consumer protection laws, and antitrust laws. In the letter, the AGs allege that the ratings agencies downgraded fossil-fuel companies and sectors based on…

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North Carolina AG Jeff Jackson obtained consent judgments against MV Realty and company executives after a North Carolina Superior Court held them liable for unfair and deceptive trade practices and violations of state telemarketing and robocall laws related to the company’s 40-year Homeowner Benefit Agreements. The AG’s office alleged that MV Realty gave homeowners small…

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FTC Chairman Andrew Ferguson sent warning letters to four major payment companies, warning that cutting off or deplatforming customers could violate Section 5 of the FTC Act.

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