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

Published on July 31, 2024 - 19:25 GMT

CarShield, Nationwide Seller of Vehicle Service Contracts, to Pay $10 Million to Resolve Federal Trade Commission Charges of ...

NRRM, LLC, which does business as CarShield, along with American Auto Shield, LLC (AAS), the administrator of its vehicle service contracts (VSCs), will pay $10 million to settle Federal Trade Commission charges that its advertisements and telemarketing …

Distribution channels: Business & Economy

Published on July 30, 2024 - 14:15 GMT

Career Step to Pay $43.5 Million in Cash and Debt Cancellation to Resolve Charges It Used Deceptive Advertising to Lure ...

Online career-training company, Career Step, LLC has been ordered to pay $43.5 million in debt cancellation and cash to resolve charges brought by the Federal Trade Commission that alleged the company lured consumers, specifically servicemembers and their …

Distribution channels: Business & Economy

Published on July 26, 2024 - 18:21 GMT

FTC and Justice Department to Host First Public Strike Force on Unfair and Illegal Pricing Meeting

The Federal Trade Commission and the Department of Justice (DOJ) will virtually cohost the first public meeting of the Strike Force on Unfair and Illegal Pricing (Strike Force) on Thursday, August 1, 2024, to discuss Strike Force enforcement actions taken …

Distribution channels: Business & Economy

Published on July 26, 2024 - 00:58 GMT

FTC Announces Tentative Agenda for August 1 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, August 1, 2024. The open meeting will commence at 10 a.m. ET and will begin with time for members of the public to …

Distribution channels: Business & Economy

Published on July 23, 2024 - 20:13 GMT

FTC Issues Orders to Eight Companies Seeking Information on Surveillance Pricing

The Federal Trade Commission issued orders to eight companies offering surveillance pricing products and services that incorporate data about consumers’ characteristics and behavior. The orders seek information about the potential impact these practices …

Distribution channels: Business & Economy

Published on July 23, 2024 - 15:04 GMT

FTC, DOJ, and International Enforcers Issue Joint Statement on AI Competition Issues

Today, FTC Chair Lina M. Khan, alongside international antitrust enforcers and the Department of Justice, Antitrust Division, issued a statement affirming a commitment to protecting competition across the artificial intelligence (AI) ecosystem to ensure …

Distribution channels: Business & Economy

Published on July 23, 2024 - 03:23 GMT

FTC Acts to Stop Debt Relief Scheme Targeting Spanish-Speaking Student Loan Borrowers

The Federal Trade Commission has stopped the operators of a scheme that it says tricked financially strapped consumers seeking student loan relief into paying hundreds of dollars in junk fees. The operators often targeted Spanish-speaking consumers in …

Distribution channels: Business & Economy

Published on July 19, 2024 - 17:16 GMT

FTC and DOJ Extend Public Comment on Request for Information Targeting Serial Acquisitions, Roll-Up Strategies Across U.S. Economy

The Federal Trade Commission and the U.S. Department of Justice Antitrust Division (DOJ) are extending the deadline by 60 days for the public to comment on a joint Request for Information that seeks to identify serial acquisitions and roll-up strategies …

Distribution channels: Business & Economy

Published on July 16, 2024 - 23:57 GMT

FTC and FDA Send Second Set of Cease-and-Desist Letters to Companies Selling Products Containing Delta-8 THC in Packaging Designed ...

For the second time in as many years, the Federal Trade Commission today sent cease-and-desist letters – jointly with the U.S. Food and Drug Administration (FDA) – to several companies currently marketing edibles containing Delta-8 tetrahydrocannabinol ( …

Distribution channels: Business & Economy

Published on July 12, 2024 - 22:56 GMT

FTC Publishes Inflation-Adjusted Monetary Thresholds for Three Exemptions in Franchise Rule

The Federal Trade Commission has adjusted for inflation three monetary exemption thresholds used to determine whether the sale of a franchise qualifies for an exemption under the agency’s Franchise Rule. The rule requires franchisors to disclose key …

Distribution channels: Business & Economy

Published on July 12, 2024 - 22:56 GMT

FTC Takes Action to Ensure Franchisees’ Complaints are Heard and to Protect Against Illegal Fees

Today, the Federal Trade Commission and its staff took a suite of actions to address growing concern about unfair and deceptive practices by franchisors—to ensure that the franchise business model remains a ladder of opportunity to owning a business for …

Distribution channels: Business & Economy

Published on July 10, 2024 - 23:29 GMT

FTC, ICPEN, GPEN Announce Results of Review of Use of Dark Patterns Affecting Subscription Services, Privacy

The Federal Trade Commission and two international consumer protection networks announced the results of a review of selected websites and apps that showed a large percentage of the websites and mobile apps examined may use dark patterns, digital design …

Distribution channels: Business & Economy

Published on July 10, 2024 - 18:25 GMT

FTC Submits Comment Supporting Proposed USPTO Terminal Disclaimer Rule

The Federal Trade Commission submitted a comment supporting a proposed U.S. Patent and Trademark Office (USPTO) rule regarding new requirements associated with patent terminal disclaimer practice to address practices that can lead to patent system abuse. …

Distribution channels: Business & Economy

Published on July 9, 2024 - 20:18 GMT

FTC Order Will Ban NGL Labs and its Founders from Offering Anonymous Messaging Apps to Kids Under 18 and Halt Deceptive Claims ...

The Federal Trade Commission and the Los Angeles District Attorney’s Office are taking action against NGL Labs, LLC and two of its co-founders, Raj Vir and Joao Figueiredo, for a host of law violations related to their anonymous messaging app, including …

Distribution channels: Business & Economy

Published on July 9, 2024 - 20:18 GMT

Commission Testifies before House Energy and Commerce Subcommittee on Innovation, Data and Commerce

The Federal Trade Commission today testified before the House Energy and Commerce Subcommittee on Innovation, Data and Commerce on the agency’s fiscal year 2025 budget and work to promote competition and protect consumers. In her testimony FTC Chair Lina M …

Distribution channels: Business & Economy

Published on July 9, 2024 - 15:12 GMT

FTC Releases Interim Staff Report on Prescription Drug Middlemen

The Federal Trade Commission today published an interim report on the prescription drug middleman industry that underscores the impact pharmacy benefit managers (PBMs) have on the accessibility and affordability of prescription drugs. The interim staff …

Distribution channels: Business & Economy

Published on July 4, 2024 - 02:49 GMT

FTC Warns Companies to Stop Warranty Practices That Harm Consumers’ Right to Repair

Federal Trade Commission staff sent warning letters to eight companies about their warranty practices that may be standing in the way of consumers’ right to repair products they have purchased. The warning letters inform the companies of FTC staff’s …

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Published on July 3, 2024 - 04:45 GMT

FTC Takes Action Against Online Used Car Dealer Vroom for Deceiving Customers, Failing to Deliver on Time and Provide Required ...

The Federal Trade Commission has taken action against online used car dealer Vroom for misrepresenting that it thoroughly examined all vehicles before listing them for sale and failing to obtain consumers’ consent to shipment delays or provide prompt …

Distribution channels: Business & Economy

Published on July 2, 2024 - 23:57 GMT

FTC Takes Action Against Gig Work Company Arise Virtual Solutions for Deceiving Consumers About Pay in Marketing Its Business ...

The Federal Trade Commission is taking action against gig work company Arise Virtual Solutions for misleading consumers about the money they could make on Arise’s platform and marketing its business opportunity without complying with the FTC’s Business …

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Published on July 2, 2024 - 19:04 GMT

FTC Moves to Block Tempur Sealy’s Acquisition of Mattress Firm

The Federal Trade Commission voted unanimously to block Tempur Sealy International, Inc.’s (Tempur Sealy) proposed $4 billion acquisition of Mattress Firm Group Inc. (Mattress Firm). The Commission issued an administrative complaint and authorized a …

Distribution channels: Business & Economy