The Federal Trade Commission (“FTC”) plans to aggressively police companies that use deceptive marketing to take advantage of consumers’ fears relating to the COVID-19 pandemic. The FTC is focused on a broad range of potential deceptive practices, including unapproved or unsubstantiated health claims, work-at-home schemes, finance schemes, and misrepresentations as to the current availability of in-demand products, such as cleaning, household, and health or medical supplies. The FTC has already issued warning letters to seven sellers of unapproved and misbranded products who claimed that their products could treat or prevent the coronavirus, and additional warning letters or enforcement actions are likely to follow as the pandemic progresses and economic uncertainty increases. READ MORE
Parag is a member of the firm’s Cyber, Privacy & Data Innovation practice. As a financial services advisor, Parag’s practice focuses on payments, financial technology and banking issues.
He assists banks, non-bank lenders, payments and technology companies, and their vendors with regulatory, compliance, supervision, enforcement, anti-fraud and anti-money laundering, and transactional matters. Parag has significant experience advising clients on compliance with the banking and financial services regulations, including FCRA, GLBA, ECOA, EFTA, TILA, FDCPA, and Dodd-Frank.
Prior to joining Orrick, Parag was senior counsel at Capital One, where he served as the company-wide legal subject matter lead for payments. He also was associate counsel at Funding Circle, where he focused on legal issues related to peer-to-peer lending and financial technology.