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Payday Lending Trade Group Promises To Clean Up Misleading Online Ads

Google dealt a big blow to the payday lending industry, when it recently decided to ban the short-term/high-cost lenders’ ads from search results. At the same time, federal regulators are pushing for stricter regulations on these controversial financial products. Now a payday lending trade group is hoping to do some damage control by creating a program to identify companies making misleading claims in online ads. [More]

Owners Of Nike+FuelBands Eligible For $15 Check Or $25 Gift Card Under Class-Action Settlement

Owners Of Nike+FuelBands Eligible For $15 Check Or $25 Gift Card Under Class-Action Settlement

Owners of Nike+Fuelband fitness trackers are eligible for a partial refund after Nike and Apple agreed to settle a class-action lawsuit that claimed the companies misled consumers about the accuracy of the wearable device. [More]

Herbalife To Re-Train Distributors Not To Say Products Cure Brain Tumors

Herbalife To Re-Train Distributors Not To Say Products Cure Brain Tumors

When you go to a meeting to learn more about potentially joining a multi-level marketing organization, you expect to hear testimonials about how the product has changed lives. You should not expect to hear about how the company’s products have cured brain tumors and performed other impossible feats. At least, that’s what Herbalife says after undercover reporters from ABC News filmed Herbalife distributors doing just that. [More]