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News & Updates

The Latest on Internet Pharmacies, Supplements, Designer Drugs,
and Other High-Risk Merchants

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High Unemployment is a Golden Opportunity for Work-from-home Scammers

With unemployment at near-record levels and many people looking for opportunities that will allow them to earn income without having to leave the house, work-from-home scammers have an unprecedented amount of potential victims. LegitScript has observed and reported merchants that appear to be engaged in work-from-home scams, and as unemployment across the country persists, this…

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Today’s Multilevel Marketing: New Look, Same Risk for Payment Service Providers

Today’s multilevel marketing (MLM) organizations look nothing like the Amway and Herbalife of the past. Cosmetics and nutritional supplements may still dominate the industry, but companies have expanded into product lines of every sort: essential oils, kitchen gadgets, yoga pants, software, consulting, and pretty much anything else you can imagine. This product expansion, combined with…

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How Does the Partial Rollback of Dodd-Frank Affect Payment Facilitators and UDAAP?

The US House of Representatives voted this week to repeal parts of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the 2010 legislation that brought significant changes to financial regulation in the United States after the Great Recession. Because Dodd-Frank led to the creation of the Consumer Financial Protection Bureau (CFPB), payment facilitators and…

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