FTC Settles with Loan Application Company for Unlawfully Selling Consumer Data On July 5, the FTC settled with a lead generation business for unlawfully selling consumer loan application data to "a variety of entities without regard for how the information would be used or whether it would remain secure." According to the FTC's press release, the company "promised to protect and secure the sensitive information consumers provided," but "sensitive personal and financial information was shared and sold indiscriminately without consumers' knowledge or consent." The settlement, which includes a judgment for $104 million, is suspended based on defendants' inability to pay.
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