penalty

FTC imposes $2.1 million penalty on Lyft for luring drivers with false tax claims – Daily Journal

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FTC imposes .1 million penalty on Lyft for luring drivers with false tax claims – Daily Journal

Lyft agreed to a $2.1 million settlement offered by the FTC over the company’s “misleading revenue claims about how much drivers could expect to earn.” As detailed in the FTC’s complaint document, Lyft systematically inflated the earnings advertised to drivers it was trying to recruit in 2021 and 2022. For example, in Los Angeles, it … Read more

Is it time to bring back the mortgage prepayment penalty? Daily Journal

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Is it time to bring back the mortgage prepayment penalty? Daily Journal

When the housing market collapsed in the early 2000s, new mortgage rules emerged to prevent a similar crisis in the future. The Dodd-Frank Act gave us both the ability-to-repay rule and the qualified mortgage rule (ATR/QM rule). The ATR requires creditors to “make a reasonable, good faith determination about a consumer’s ability to repay a … Read more