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FTC refunds, drug costs, and bank settlements this week

This week, learn about FTC refunds for scams, a settlement affecting insulin prices, and a bank's agreement to avoid prosecution.

consumer protectionftc refundsdrug costsbank settlementspharmacy

This week in 60 seconds

  • The FTC is sending nearly $3 million to consumers impacted by a mortgage relief scam [6].
  • The FTC also finalized a settlement with Express Scripts to lower insulin costs [5].
  • IM Mastery Academy defendants could pay tens of millions in settlements for a scam [7].
  • EagleBank avoided criminal charges by agreeing to a non-prosecution agreement [12].

FTC issues refunds for mortgage relief scam

In one line: The FTC is returning nearly $3 million to consumers who were tricked by a fraudulent mortgage relief service [6].

What happened

  • The Federal Trade Commission (FTC) is sending payments to consumers [6].
  • These consumers were harmed by Golden Home Services, also known as Home Matters USA [6].
  • This company falsely promised to reduce mortgage payments for people [6].

Why it matters to you

  • If you were affected by Golden Home Services, you might receive a refund check. These types of scams target people struggling with their mortgage payments.

Quick facts

  • Who is affected: Consumers deceived by Golden Home Services/Home Matters USA mortgage relief scheme [6].
  • Amount: Nearly $3 million in total refunds [6].
  • How to act: The FTC handles the refund process, so there is no specific action you need to take to receive your payment [6].

Express Scripts settles to lower drug costs

In one line: The Federal Trade Commission resolved a lawsuit with Express Scripts, which is expected to reduce insulin prices and help pharmacies [5].

What happened

  • The FTC sued three major pharmacy benefit managers (PBMs) for unfair practices that inflated insulin prices [5].
  • Express Scripts, Inc. (ESI) reached a landmark settlement with the FTC on February 4, 2026 [5].
  • The settlement requires ESI to change its business practices to increase transparency [5].

Why it matters to you

  • This settlement aims to lower your out-of-pocket costs for insulin and other drugs. It also supports community pharmacies by providing them with new revenue.

Quick facts

  • Who is affected: Insulin users and customers of Express Scripts (ESI) [5].
  • Amount: Up to $7 billion in drug cost savings over 10 years, and millions in new revenue for community pharmacies [5].
  • How to act: You do not need to take any direct action; the changes are implemented by Express Scripts [5].

The settlement requires ESI to adopt fundamental changes to its business practices that increase transparency, are expected to drive down patients’ out-of-pocket costs for drugs like insulin by up to $7 billion over 10 years, bring millions of dollars in new revenue to community pharmacies each year, and advance the Trump Administration’s key healthcare priorities [5].

IM Mastery Academy scam leaders settle with FTC

In one line: The leaders of the IM Mastery Academy investment scam agreed to pay tens of millions of dollars in settlements after being accused of bilking consumers [7].

What happened

  • The FTC and the State of Nevada took action against a large investment training and business venture scam [7].
  • The scam operated under names like IM Mastery Academy, IYOVIA, and iMarketsLive [7].
  • This scheme tricked consumers out of over $1.2 billion [7].
  • In May 2026, the FTC announced settlements including with ringleaders Chris and Isis Terry [7].

Why it matters to you

  • This case shows that regulators are acting against large-scale investment scams. Always be careful about investment programs that promise high returns easily.

Quick facts

  • Who is affected: Consumers who lost money to IYOVIA, IM Mastery Academy, iMarketsLive, and IM Academy [7].
  • Amount: Defendants will turn over tens of millions of dollars in assets [7].
  • How to act: If you believe you were a victim, follow the FTC's guidance on consumer protection and scams [7].

EagleBank avoids charges with settlement

In one line: EagleBank agreed to a non-prosecution agreement, avoiding criminal charges for failing to maintain an anti-money laundering program [12].

What happened

  • The U.S. Department of Justice (DOJ) entered a Non-Prosecution Agreement with EagleBank on June 30, 2026 [12].
  • EagleBank admitted to willfully failing to maintain an anti-money laundering (AML) compliance program [12].
  • The bank agreed to take remedial steps and cooperate with authorities [12].

Why it matters to you

  • This affects the banking sector and shows that regulators are watchful for banks not following strict rules. Such failures can put consumers at risk of illegal financial activities.

Quick facts

  • Who is affected: EagleBank and its parent company, Eagle Bancorp, Inc. [12].
  • How to act: No direct action is required by individual consumers related to this agreement.

This weekly briefing is generated from publicly available materials (SEC, FTC, DOJ, CFPB, CourtListener) for informational purposes only and does not constitute legal advice. Verify details with the linked primary sources.

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