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Tag: FTC
Business
FTC files lawsuit against another small-business lender
The U.S. Federal Trade Commission lawsuit notes the defendants have deceived small businesses and taken millions from their pockets. More on Overdrive.
August 3, 2020
Business
‘I will take your daughters’: Abusive business lenders under increasing scrutiny from FTC
The U.S. Federal Trade Commission is seeking restitution for customers for fraud and abusive practices by merchant cash advance providers. More on Overdrive.
June 25, 2020
Overdrive Extra
Have you been taken by these cash advance companies?
Overdrive would like to hear from owner-operators with experience dealing with merchant cash advance providers. Find out how to share your story here.
June 16, 2020
Business
News roundup, Jan. 13: Fleetcor, Comdata parent company, disputes FTC allegations; NFI acquires G&P Trucking
The FTC alleges that FleetCor falsely told customers they would save money by using their fuel cards, be protected from unauthorized charges, and have no set-up, transaction or membership fees. G&P Trucking’s broker and motor carrier arms both are now part of NFI through acquisition.
January 13, 2020
Business
Thousands of trucking companies getting checks in DOTAuthority.com fraud case
FTC announced it is sending checks totaling $757,946 to 14,948 small businesses, an average of just over $50 per check. The refunds come from a $900,000 settlement paid by Excelsior Enterprises International, one of four corporate defendants in the case brought by the FTC.
August 19, 2019
Business
Truckers may receive payments from fraudulent services case
FTC’s complaint that launched the case said DOTAuthority and JPL Enterprises engaged in the deceptive acts and practices alleged. More on the settlement here.
June 18, 2018
Business
Owner-operator services firms to pay $900k to settle claims of scamming truckers
James P. Lamb, a former small-broker advocate and now head of the Small Business in Transportation Coalition, has agreed to settle a probe into his business dealings brought by the U.S. Federal Trade Commission, who accused Lamb and several of his businesses of cheating owner-operators out of millions of dollars over the course of several years.
March 20, 2018
Business
Amid driver shootings, SBTC group promotes Sept. 5 as ‘Day without a trucker’
The group’s head, James Lamb, notes 400 or more truckers have committed to participating in a D.C. parade, and others plan to shut down in solidarity. Lamb himself remains under an FTC suit against two businesses for deceptive marketing practices, to which he’s countersued.
August 28, 2017
Business
FTC claims carrier services companies misrepresented themselves toward securing fees from owner-operators
The FTC says James Lamb’s DotAuthority.com and Dotfilings.com tricked small business truckers into paying unnecessary federal and state registration fees by pretending to be associated with the Department of Transportation or other agencies. Lamb strongly questions FTC tactics.
October 23, 2016
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