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AGs Secure $700 Million Judgment Against Johnson & Johnson over Talcum Probe

A bipartisan coalition of 43 AGs has entered into a Final Judgment and Consent Decree with Johnson & Johnson to resolve alleged violations of consumer protection laws related to its marketing of talc-based baby powder, which the AGs asserted contained asbestos about which the company failed to disclose associated cancer risks to consumers. Pursuant to the settlement,…

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NY AG Files Another Lawsuit in Cryptocurrency Crackdown, Alleging Illegal Ponzi Scheme

New York AG Letitia James has filed a lawsuit against cryptocurrency companies Nova Tech, Ltd and AWS Mining Pty Ltd., along with their founders and promoters, alleging that the companies operated illegal pyramid and Ponzi schemes that defrauded investors of over a billion dollars in cryptocurrency in violation of the Martin Act and New York…

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CFPB Launches Inquiry into Fees Imposed as Part of Mortgage Transactions

The CFPB has launched an inquiry into so-called “junk fees” charged by mortgage providers and related settlement services, to better understand why closing costs continue to rise and the impact of such fees on borrowers and the mortgage market. The Request for Information Regarding Fees Imposed in Residential Mortgage Transactions seeks input from the general public…

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Utah AG Alleges TikTok LIVE Facilitates Payments for Illegal Activity with Virtual Currency

Utah AG Sean Reyes has filed a lawsuit against TikTok Inc. alleging that it violated state consumer protection laws by designing its livestream feature—TikTok LIVE—in a manner that facilitates the use of virtual currency for illegal activities, including the sexual exploitation of children, human trafficking, drug sales, and money laundering. The complaint alleges that TikTok LIVE, which…

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