Last Updated
Case Status
Pending
In the Matter of Shop Tutors, Inc, d/b/a LendEDU; Nathaniel Matherson, individually and as an officer of Shop Tutors, Inc.; Matthew Lenhard, individually and as an officer of Shop Tutors, Inc.; and Alexander Coleman, individually and as an officer of Shop Tutors, Inc.
FTC Matter/File Number
182 3180
Docket Number
C-4719
Case Summary
The FTC entered into a settlement with the operators of LendEDU.com to resolve allegations that LendEDU falsely claimed that the website provided “objective,” “accurate,” and “unbiased” information about consumer financial products, such as student loans, personal loans, and credit cards, when in fact they offered higher rankings and ratings to companies that paid for placement.