Gramm Leach Bliley Act news and trends

FTC Secures $20.3 Million Judgment in Merchant Cash Advance Case

February 14, 2024
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FTC Secures $20.3 Million Judgment in Merchant Cash Advance Case

February 14, 2024
The Federal Trade Commission (FTC) has secured a judgment requiring former merchant cash advance operator Jonathan Braun to pay $20.3 million in monetary relief and civil penalties. This marks the first trial by jury conducted by the FTC, the agency said in a Wednesday (Feb. 14) press release. The judgment follows a trial held in January, when a […]