The U.K. advertising watchdog banned seven cryptocurrency ads on Wednesday and said they must not appear again. The Advertising Standards Authority said the ads were “banned for irresponsibly taking advantage of consumers’ inexperience and for failing to illustrate the risk of the investment.” The banned ads included a website and Twitter post from a pizza chain as well as a digital poster from a crypto exchange. The majority of the banned ads were put out by crypto exchanges and crypto trading platforms. Companies affected by the bans include eToro, Coinburp,…
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The Department Of Education Cuts Off A Student Loan Watchdog
The letters “CFPB” may not be much more than alphabet soup to your average student loan borrower. They stand for Consumer Financial Protection Bureau, a new-ish federal agency — created in 2011 — with a unique mission and a big effect on student lenders and for-profit colleges accused of defrauding or otherwise mistreating Americans. But the U.S. Education Department has just called a halt to the enforcement collaboration between itself and CFPB. This move leaves 44 million student loan borrowers, owing $1.4 trillion in debt, with potentially less, or at…
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