The FTC is actively enforcing SPARTA for the first time, exposing athlete agents to significant civil penalties for even technical noncompliance in the NIL era. Universities are being asked to produce ...
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FTC halts $8.8M student loan scam using new rule
The Federal Trade Commission has shut down a California-based student loan scam that collected $8.8 million from borrowers by impersonating the U.S. Department of Education. The operation targeted ...
Last month, the Federal Trade Commission (FTC) launched an inquiry into sports agent compliance with the Sports Agent Responsibility and Trust Act (SPARTA), a federal law aimed at protecting student ...
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FTC halts $8.8M student loan scam as closures loom
The Federal Trade Commission has shut down a California-based $8.8 million student loan forgiveness scam that posed as the U.S. Department of Education. The action comes as new projections warn that ...
The MarketWatch News Department was not involved in the creation of this content. Operators of alleged scheme pretended to be affiliated with the federal government and falsely promised students loan ...
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