Federal Trade Commission Press Releases - EIN Presswire - Press Release Distribution Service

Published on December 3, 2024 - 00:58 GMT

FTC Order Requires Online Retailer GOAT to Pay More than $2 Million to Consumers for Mail Order Rule Violations and to Honor Its ...

The Federal Trade Commission today announced a court order requiring GOAT, a leading online marketplace for sneakers, apparel, and accessories, to pay more than $2 million for violating an agency rule requiring companies to have reasonable shipping …

Distribution channels:

Published on December 2, 2024 - 18:48 GMT

FTC Issues Annual Report on Ethanol Market Concentration 2024

The Federal Trade Commission has issued its 2024 Report on Ethanol Market Concentration. The Energy Policy Act of 2005 directs the Commission to perform an annual review of market concentration in the ethanol production industry “to determine whether there …

Distribution channels: Business & Economy

Published on November 27, 2024 - 22:21 GMT

FTC Takes Aim at Top Fraud Driving Losses Among Older Americans

The Federal Trade Commission has approved final amendments to its Telemarketing Sales Rule (TSR) that will extend the rule’s coverage to so-called “inbound” telemarketing calls made for technical support services. These would include calls made by …

Distribution channels: Business & Economy

Published on November 27, 2024 - 02:17 GMT

Statement Regarding Union Health’s COPA Application Withdrawal

The Director of the Federal Trade Commission’s Office of Policy Planning, Hannah Garden-Monheit, issued the following statement in response to the decision by Union Health to delay its proposed acquisition of Terre Haute Regional Hospital and withdraw its …

Distribution channels: Business & Economy

Published on November 26, 2024 - 18:09 GMT

Smart Products Surveyed Fail to Provide Consumers with Information on How Long Companies will Provide Software Updates

A new paper from Federal Trade Commission staff finds that nearly 89% of products surveyed failed to disclose on their websites how long the products would receive software updates, which help ensure the devices are protected against security threats and …

Distribution channels:

Published on November 26, 2024 - 18:08 GMT

FTC Takes Action Against Evolv Technologies for Deceiving Users About its AI-Powered Security Screening Systems

The Federal Trade Commission is taking action against Evolv Technologies over allegations that the company made false claims about the extent to which its AI-powered security screening system can detect weapons and ignore harmless personal items, including …

Distribution channels: Business & Economy

Published on November 21, 2024 - 19:56 GMT

FTC Sends Refunds to Consumers Harmed by Credit Bureau Center’s Fake Rental Property Ads and Deceptive Promises of “Free” Credit ...

The Federal Trade Commission is sending payments totaling nearly $1.9 million to consumers who were harmed by fake rental ads and deceptive promises of “free” credit reports from Credit Bureau Center LLC. In a lawsuit announced in 2017, the FTC alleged …

Distribution channels:

Published on November 20, 2024 - 19:01 GMT

FTC Sends More Than $140,000 to Consumers Deceived by False Made in USA Claims by Chaucer Accessories and Bates Accessories

The Federal Trade Commission is sending more than $140,000 to consumers who were deceived by false Made in USA claims from New England-based clothing companies Chaucer Accessories and Bates Accessories, along with Bates Retail Group. The FTC took action …

Distribution channels:

Published on November 20, 2024 - 19:01 GMT

FTC Staff Issues Report on Undercover Funeral Rule Phone Sweep

The staff of the Federal Trade Commission have issued a report detailing key findings from the agency’s first-ever undercover Funeral Rule phone sweep, which found several funeral providers failed to provide pricing information required by law. The FTC’s …

Distribution channels: Business & Economy

Published on November 19, 2024 - 06:27 GMT

FTC Announces Virtual Workshop on Predatory Pricing

The Federal Trade Commission will host a virtual public workshop on December 18, 2024, that will examine predatory pricing and its potential effects on consumers, competition, and innovation. The workshop, Competition Snuffed Out: How Predatory Pricing …

Distribution channels: Business & Economy

Published on November 19, 2024 - 05:35 GMT

Federal Court Orders Harris Jewelry to Restore its Website and Claims Portal for Servicemembers to Request Refunds

A federal court has ordered Harris Jewelry to reopen its claims process and renotify consumers, most of whom are active duty servicemembers, to submit their claims for refunds. The court found Harris Jewelry violated its prior settlement with the Federal …

Distribution channels: Business & Economy

Published on November 16, 2024 - 01:08 GMT

FTC Issues Agency Financial Report for Fiscal Year 2024

The Federal Trade Commission today issued its Fiscal Year 2024 Agency Financial Report which highlights the FTC’s accomplishments in protecting consumers and promoting competition and reaffirms the agency’s commitment to responsible stewardship of …

Distribution channels: Business & Economy

Published on November 15, 2024 - 19:47 GMT

Reports of Unwanted Telemarketing Calls Down More Than 50 Percent Since 2021

Today, the Federal Trade Commission released the National Do Not Call Registry Data Book for Fiscal Year 2024 which shows that consumer reports about unwanted calls continue to drop for the third straight year, with complaint volume down by more than half …

Distribution channels: Business & Economy

Published on November 15, 2024 - 19:47 GMT

FTC Takes Action Against Bogus Business Finance Scheme Seek Capital For Costing Small Business Owners Millions

The Federal Trade Commission is taking action against Seek Capital and its founder and CEO, Roy Ferman, for operating a bogus business finance scheme that cost small business owners more than $37 million. According to a complaint filed by the FTC, the …

Distribution channels:

Published on November 12, 2024 - 22:04 GMT

FTC Action Stops H&R Block’s Unfair Downgrading Practices and Deceptive Promises of ‘Free’ Filing

A Federal Trade Commission lawsuit is leading to changes for consumers who use H&R Block’s do-it-yourself online tax filing products. A proposed FTC settlement would stop H&R Block from unfairly requiring consumers seeking to downgrade to a cheaper …

Distribution channels: Business & Economy

Published on November 7, 2024 - 20:14 GMT

FTC Announces Tentative Agenda for November 14 Open Commission Meeting

Today, Federal Trade Commission Chair Lina M. Khan announced that an open meeting of the Commission will be held virtually on Thursday, November 14, 2024. The open meeting will commence at 11am ET and will begin with time for members of the public to …

Distribution channels: Business & Economy

Published on November 7, 2024 - 19:24 GMT

FTC Sends More Than $536,000 in Refunds to Consumers Deceived by Misleading Ads for Sobrenix “Anti-Alcohol Craving” Supplement

The Federal Trade Commission is sending more than $536,000 in refunds to consumers who bought Sobrenix, a supplement marketed and sold by Rejuvica using unsupported claims that it could reduce and even eliminate alcohol cravings and consumption. According …

Distribution channels:

Published on November 6, 2024 - 21:04 GMT

FTC Issues Order Approving 2025 Budget for Horseracing Integrity and Safety Authority

The Federal Trade Commission has issued an order approving the Horseracing Integrity and Safety Authority’s 2025 budget as submitted to the Commission. Under the FTC’s rule addressing oversight of the Authority’s budget process, the Authority must submit …

Distribution channels: Business & Economy

Published on November 6, 2024 - 18:35 GMT

FTC Order Against AI-Enabled Review Platform Sitejabber Will Ensure Consumers Get Truthful and Accurate Reviews

The Federal Trade Commission today charged that Sitejabber, a company offering an AI-enabled consumer review platform, deceived consumers by misrepresenting that ratings and reviews it published came from customers who experienced the reviewed product or …

Distribution channels:

Published on November 6, 2024 - 02:57 GMT

FTC Takes Action Against Online Cash Advance App Dave for Deceiving Consumers, Charging Undisclosed Fees

The Federal Trade Commission is taking action against online cash advance app Dave for allegedly using misleading marketing to deceive consumers about the amount of its cash advances, charging consumers undisclosed fees, and charging so-called “tips” to …

Distribution channels: