Law360, New York (January 19, 2012, 12:25 PM EST) -- According to the Federal Trade Commission, the most remarkable aspect of Upromise, an online college savings program, was not how much its users saved. Rather, it was how much they were giving away. The FTC has announced settlement regarding a complaint it had filed against Upromise Inc. alleging that the corporation has violated the Federal Trade Commission Act. We have an analysis of the complaint and consent order and some key takeaways for businesses.
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