Federal Court Upholds FTC’s Expanded Interpretation of Gramm-Leach-Bliley Act Pretexting

In this article in The Banking Law Journal, Ioana Gorecki discusses a Federal Trade Commission summary judgment win against Richmond Capital in a case alleging the company provided short-term cash advances to small businesses but misrepresented the terms of financing contracts. The author also explains the expansion of the pretexting provision in the Gramm-Leach-Bliley Act.

You can read the full article here.