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

Published on September 19, 2024 - 14:59 GMT

FTC Staff Report Finds Large Social Media and Video Streaming Companies Have Engaged in Vast Surveillance of Users with Lax ...

A new Federal Trade Commission staff report that examines the data collection and use practices of major social media and video streaming services shows they engaged in vast surveillance of consumers in order to monetize their personal information while …

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Published on September 18, 2024 - 23:00 GMT

FTC Statement Regarding WillScot’s Decision to Abandon Proposed $3.8 Billion Acquisition of Competitor McGrath RentCorp

Phoenix, Arizona-based WillScot Holdings Corporation (WillScot) today announced that it is abandoning its proposed acquisition of McGrath RentCorp (McGrath). Under the merger agreement, which the companies publicly disclosed on January 29, 2024, WillScot …

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Published on September 18, 2024 - 17:16 GMT

GameStop CEO Ryan Cohen to Pay Nearly $1 Million Penalty to Settle Antitrust Law Violation

Today, the Federal Trade Commission announced that Ryan Cohen, managing partner of RC Ventures, LLC, and Chairman and CEO of GameStop Corp., will pay a $985,320 civil penalty to settle charges that his acquisition of Wells Fargo & Company (Wells Fargo …

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Published on September 18, 2024 - 16:45 GMT

FTC Sends Refunds to Consumers Harmed by CafePress’s Data Security Failures

The Federal Trade Commission is sending payments totaling more than $370,000 to consumers who were harmed by the data security failures of online merchandise platform CafePress. The payments stem from a March 2022 settlement that resolved FTC allegations …

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Published on September 18, 2024 - 16:20 GMT

FTC Action Leads to Settlement Against Individual and Company that Operated Business Opportunity Scheme That Took Millions from ...

As a result of a Federal Trade Commission lawsuit, an individual and his company who helped operate a sprawling business opportunity scheme known as Blueprint to Wealth have agreed to a settlement that permanently bans them from the telemarketing industry …

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Published on September 17, 2024 - 18:55 GMT

FTC Orders Shut Down Unauthorized Billing and Credit Card Laundering Schemes, Require Turn Over of Assets Valued at Approximately ...

At the request of the Federal Trade Commission, a federal court today approved settlements that will require the forfeiture of assets valued at about $40 million from a group of defendants who allegedly defrauded consumers nationwide by enrolling them, …

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Published on September 16, 2024 - 20:53 GMT

FTC Sends More Than $2.6 Million to Consumers Harmed by FloatMe’s Deceptive and Discriminatory Lending Practices

The Federal Trade Commission is sending more than $2.6 million in refunds to consumers harmed by online cash advance provider FloatMe. The company deceived consumers with false promises of “free money” and discriminated against some consumers who applied …

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Published on September 12, 2024 - 23:09 GMT

FTC Announces Tentative Agenda for September 19 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, September 19, 2024. The open meeting will commence at 11 a.m. ET and will begin with time for members of the public to …

Distribution channels: Business & Economy

Published on September 11, 2024 - 17:49 GMT

FTC Supports USDA’s Efforts to Protect Farmers, Growers, Ranchers, and Consumers from Unlawful Conduct by Dominant Meat Processors

The Federal Trade Commission today submitted a comment supporting a U.S. Department of Agriculture (USDA) proposed rule to protect against unfair practices by dominant meat processors that can harm farmers, growers, ranchers, and consumers. The USDA’s …

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Published on September 11, 2024 - 17:49 GMT

Federal Trade Commission, Justice Department, and Japan Fair Trade Commission Commemorate the 25th Anniversary of U.S.-Japan ...

Federal Trade Commissioner Alvaro Bedoya, Justice Department Antitrust Division Assistant Attorney General Jonathan Kanter, and the Japan Fair Trade Commission (JFTC) Commissioner Reiko Aoki met yesterday in Washington, D.C., to mark the 25th anniversary …

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Published on September 10, 2024 - 19:42 GMT

FTC Warns Adoption Intermediaries Against Misleading Parents

Federal Trade Commission staff sent letters to 31 adoption intermediaries warning them against misleading consumers with respect to placement rates and placement times, suppressing negative reviews, or engaging in other unfair or deceptive practices that …

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Published on September 9, 2024 - 17:33 GMT

FTC Sends Refunds to Consumers Deceived by Genetic Testing Firm 1Health.io Over Data Deletion and Security Practices

The Federal Trade Commission is sending refunds to more than 2,400 consumers related to a settlement with 1Health.io, formerly known as Vitagene, over allegations the genetic testing company left sensitive genetic and health data unsecured, deceived …

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Published on September 5, 2024 - 19:06 GMT

FTC Staff Opposes Proposed Indiana Hospital Merger

Today, Federal Trade Commission staff submitted a comment urging the Indiana Department of Health to deny an application that seeks to combine Union Hospital, Inc. (Union Health) and Terre Haute Regional Hospital, L.P. (THRH). Union Health and THRH are …

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Published on September 5, 2024 - 18:21 GMT

FTC Provides Annual Letter Summarizing Debt Collection Activities

The Federal Trade Commission has provided the Consumer Financial Protection Bureau (CFPB) with its annual summary of activities to protect consumers in the debt collection arena. The summary is used by CFPB in its annual report to Congress on the …

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Published on September 4, 2024 - 17:20 GMT

FTC Staff Issue Report on Multi-Level Marketing Income Disclosures

The staff of the Federal Trade Commission have issued a report that details findings from a review of income disclosure statements from 70 different multi-level marketers (MLMs). Staff reviewed income disclosure statements in February 2023 that were …

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Published on September 3, 2024 - 15:49 GMT

New FTC Data Shows Massive Increase in Losses to Bitcoin ATM Scams

New data from the Federal Trade Commission shows a massive increase in the amount of money consumers report losing to scammers involving Bitcoin ATM machines. Since 2020, the amount consumers reported losing has increased nearly tenfold to over $110 …

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Published on August 30, 2024 - 23:16 GMT

FTC Takes Action Against Security Camera Firm Verkada over Charges it Failed to Secure Videos, Other Personal Data and Violated ...

The Federal Trade Commission will require security camera firm Verkada to develop and implement a comprehensive information security program to settle allegations the company failed to use appropriate information security practices, which allowed a hacker …

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Published on August 28, 2024 - 23:59 GMT

FTC, DOJ Partner with Labor Agencies to Enhance Antitrust Review of Labor Issues in Merger Investigations

The Federal Trade Commission and the Department of Justice Antitrust Division (DOJ), together with the Department of Labor (DOL) and National Labor Relations Board (NLRB), signed a new agreement that will enhance ability of the FTC and DOJ to investigate …

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Published on August 28, 2024 - 17:54 GMT

FTC and Florida Act to Stop ‘Trucking Automation’ Scam RivX That Took Millions of Dollars From Consumers

As a result of a lawsuit filed by the Federal Trade Commission and the State of Florida, a federal court has ordered so-called “trucking automation” company RivX to cease its operations over allegations the firm has scammed consumers out of millions of …

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Published on August 27, 2024 - 20:49 GMT

Telemarketer Fees to Access the FTC’s National Do Not Call Registry to Increase in 2025

The Federal Trade Commission announced today an update to the fees telemarketers must pay to access phone numbers on the National Do Not Call (DNC) Registry in FY 2025, which starts on October 1, 2024. All telemarketers calling consumers in the United …

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