The Federal Trade Commission just returned money to consumers harmed by deceptive marketing. Here's what it means for consumer protection standards and the accountability of digital service providers.

1️⃣ Câmara dos Deputados — Medida provisória abre novo crédito orçamentário para ressarcir descontos indevidos em benefícios do INSS
Brazil issued a provisional measure creating a budget credit to refund pension beneficiaries who suffered from unauthorized payroll deductions.
This hits the national social security administration and financial entities involved in federal benefit distributions.
Legislators expect quick ratification while the executive branch begins logistical payment rollouts.

2️⃣ Canadian Investment Regulatory Organization (CIRO) — CIX Trading Inc. Admitted to Membership and Granted Exemptive Relief
The regulator admitted CIX Trading Inc. as a member firm while granting specific exemptions from standard regulatory requirements.
This hits the Canadian capital markets landscape and establishes precedents for exemptive relief for emerging trading entities.
CIRO will integrate the firm into its surveillance framework to ensure conduct remains within the new agreement.

3️⃣ Federal Trade Commission (FTC) — FTC Returns Money to Consumers Harmed by Trend Deploy's Deceptive Marketing
The agency distributed funds to thousands of consumers financially impacted by the deceptive marketing tactics used by Trend Deploy.
This hits the marketing industry and warns companies using non-transparent subscription models to capture market share.
The agency will continue investigating similar business models to ensure digital commerce remains fair for all participants.

4️⃣ Superintendencia de Banca, Seguros y AFP (SBS) — SBS propone procedimiento para que afiliados al SPP migren de la comisión por remuneración a la comisión por saldo
The Peruvian regulator proposed procedural steps for private pension system members to change their fee structures.
This change hits pension fund administrators who must prepare for large volumes of migration requests from clients.
Public comments are sought on the timeline and requirements before the procedure is codified into the supervisory framework.

5️⃣ Câmara dos Deputados — Projeto permite bloqueio imediato de bens em suspeita de fraude financeira
A new bill would grant authorities power to immediately freeze financial assets of entities suspected of committing fraud.
This hits financial institutions required to develop real-time blocking capabilities to comply with rapid asset-freezing orders.
Congressional committees will review the proposal to address legal thresholds for such impactful state interventions.

Full analysis in the attached RegNext Daily Americas Radar carousel.

— Elena Navarro · Managing Editor, RegNext
Daily Americas Radar · Wednesday 22 Jul 2026
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