The Federal Trade Commission (FTC) said Tuesday (March 4) that a court granted its motion for a preliminary injunction against Seek Capital and its founder and CEO, Roy Ferman. The preliminary injunction, which was granted on Feb. 20, prohibits Seek Capital from making false claims related to small business loans or lines of credit and from contacting any consumers whose information the company obtained before Feb. 20, the FTC said in a Tuesday press release. The FTC filed its complaint against Seek Capital in November, alleging that the company targets new and aspiring small business owners, falsely advertises that it can secure business loans or lines of credit, and then charges clients thousands of dollars to simply open credit cards in the business owners’ names, according to the release

The Federal Trade Commission (FTC) is sending nearly $2.4 million to customers of fast-fashion retailer Fashion Nova, which the agency alleged prevented negative reviews from being posted on the company’s website. The FTC announced its complaint against Fashion Nova in January 2022 and finalized an order settling the allegations in March 2022, the FTC said in a Tuesday (Jan. 28) press release. The case was the agency’s first involving a company’s efforts to conceal negative customer reviews, according to the release