FTC signs deal to end lending site data misuse

By Allison Grande (Jan. 6, 2022, 10:28 p.m. EST) – A loan application website has agreed to pay $ 1.5 million to resolve Federal Trade Commission allegations that it sold Social Security numbers consumers and other sensitive data to unauthorized third parties. and used applicants’ credit scores for unauthorized purposes, according to documents filed in California federal court Thursday.

In a lawsuit filed with the proposed settlement, the FTC accused ITMedia Solutions LLC and a host of other entities and executives associated with it of violating the Fair Credit Reporting Act and Section 5 of the FTC Act by misrepresenting it with who she shares the loan seekers. personal data, falsely claiming …

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