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

Published on January 31, 2024 - 17:30 GMT

Court Finalizes Injunction and Monetary Judgment against Illegal Telemarketing Operation and its Owners

A federal district court has entered final orders against a telemarketing company and its owners, who made millions of illegal, unsolicited calls to people that were registered on the Do Not Call Registry. The court ordered the defendants to pay $28.7 …

Distribution channels: Business & Economy

Published on January 30, 2024 - 17:25 GMT

Project Point of No Entry Keeps FTC’s Focus on Gateway Voice Service Providers to Stop Illegal Robocalls from Entering the United ...

Continuing its rigorous enforcement of the nation’s telemarketing and robocall laws, the Federal Trade Commission over the past year expanded its efforts to stop illegal calls originating overseas from entering the United States, working in coordination …

Distribution channels: Business & Economy

Published on January 29, 2024 - 21:14 GMT

FTC Extends Deadline by 60 days for Commission Decision on ESRB Application for New Consent Mechanism Under COPPA

The Federal Trade Commission has extended by 60 days the deadline for it to determine whether to approve an application from the Entertainment Software Rating Board (ESRB) and others for a new mechanism for obtaining parental consent under the Children’s …

Distribution channels: Business & Economy

Published on January 29, 2024 - 21:09 GMT

FTC Announces Rule Changes Designed to Increase Oversight Effectiveness Over Horseracing Safety and Integrity Authority

The Federal Trade Commission has proposed a number of changes and additions to the rules governing its oversight of the Horseracing Safety and Integrity Authority. The changes and additions are designed to provide increased transparency over the Authority’ …

Distribution channels: Business & Economy

Published on January 26, 2024 - 19:04 GMT

FTC Action Leads to $2 Million Penalty Against Kubota for False Made in USA Claims

Tractor maker Kubota North America Corporation will pay a $2 million civil penalty as a result of a Federal Trade Commission action against the company for falsely labeling some of its replacement parts as being “Made in USA.” Under a stipulated court …

Distribution channels: Business & Economy

Published on January 26, 2024 - 18:58 GMT

FTC and DOJ Update Guidance That Reinforces Parties’ Preservation Obligations for Collaboration Tools and Ephemeral Messaging

The Federal Trade Commission and Justice Department today announced that both agencies are updating language in their standard preservation letters and specifications for all second requests, voluntary access letters, and compulsory legal process, …

Distribution channels: Business & Economy

Published on January 25, 2024 - 23:51 GMT

FTC Sends Warning Letters to Funeral Homes After First Undercover Phone Sweep

The Federal Trade Commission is sending warning letters to 39 funeral homes across the country after investigators conducted the agency’s first undercover phone sweep and discovered several violations of the Funeral Rule, including funeral homes that …

Distribution channels: Business & Economy

Published on January 25, 2024 - 20:21 GMT

FTC Launches Inquiry into Generative AI Investments and Partnerships

The Federal Trade Commission announced today that it issued orders to five companies requiring them to provide information regarding recent investments and partnerships involving generative AI companies and major cloud service providers. The agency’s 6(b) …

Distribution channels: Business & Economy

Published on January 25, 2024 - 20:21 GMT

FTC Sues to Block Novant Health’s Acquisition of Two Hospitals from Community Health Systems

The Federal Trade Commission today sued to block Novant Health, Inc.’s $320 million acquisition of two North Carolina hospitals from Community Health Systems, Inc. (“CHS”). The Commission issued an administrative complaint and authorized a lawsuit in …

Distribution channels: Business & Economy

Published on January 24, 2024 - 19:03 GMT

FTC Acts to Stop FloatMe’s Deceptive ‘Free Money’ Promises, Discriminatory Cash Advance Practices, and Baseless Claims around ...

The Federal Trade Commission is charging online cash advance provider FloatMe and its co-founders with using empty promises of quick and free cash advances to entice consumers to join its service, only to fail to deliver the promised advance amounts, make …

Distribution channels: Business & Economy

Published on January 24, 2024 - 01:08 GMT

Statement on Second Circuit Order Upholding “Pharma Bro” Martin Shkreli’s Lifetime Ban

Today, the United States Court of Appeals for the Second Circuit affirmed a district court ruling which ordered “Pharma Bro” Martin Shkreli to face a lifetime ban from participating in the pharmaceutical industry and found Shkreli liable for $64.6 million …

Distribution channels: Business & Economy

Published on January 23, 2024 - 23:47 GMT

Federal Trade Commission and Justice Department Hold Trilateral Meeting with Competition Enforcers from Mexico and Canada

Today, the Federal Trade Commission participated in a trilateral meeting with enforcers from Mexico’s Federal Economic Competition Commission, Canada’s Competition Bureau, and the Justice Department’s Antitrust Division. Discussions were held among FTC …

Distribution channels: Business & Economy

Published on January 23, 2024 - 19:03 GMT

FTC Finalizes Order Requiring Old Southern Brass to Stop False Made In USA and Veteran Affiliation Claims

Following a public comment period, the Federal Trade Commission finalized a consent order settling charges that Florida-based EXOTOUSA LLC, (doing business as Old Southern Brass) falsely claimed that certain company products were manufactured in the U.S, …

Distribution channels: Business & Economy

Published on January 23, 2024 - 01:06 GMT

FTC Announces 2024 Update of Size of Transaction Thresholds for Premerger Notification Filings

The Federal Trade Commission has approved revised jurisdictional thresholds and a revised filing fee schedule under the Hart‑Scott‑Rodino (HSR) Antitrust Improvements Act of 1976. Section 7A(a)(2) of the Act requires the Commission to revise the …

Distribution channels: Business & Economy

Published on January 22, 2024 - 23:51 GMT

FTC Issues Opinion Finding that TurboTax Maker Intuit Inc. Engaged in Deceptive Practices

The Federal Trade Commission has issued an Opinion and Final Order that Intuit Inc., the maker of the popular TurboTax tax filing software, engaged in deceptive advertising in violation of the FTC Act and deceived consumers when it ran ads for “free” tax …

Distribution channels: Business & Economy

Published on January 22, 2024 - 23:51 GMT

Statement from Samuel Levine, Director of FTC Bureau of Consumer Protection, Regarding the Commission’s Order and Opinion in the ...

Following is a statement from Samuel Levine, Director of the Federal Trade Commission’s Bureau of Consumer Protection, regarding the Commission’s opinion and order in the case against Intuit Inc.: The Commission’s opinion finding that Intuit has engaged in …

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Published on January 18, 2024 - 23:51 GMT

FTC Pauses CARS Rule Effective Date

The Federal Trade Commission has issued an order postponing the effective date of the Combatting Auto Retail Scams (CARS) Rule while a legal challenge against the rule is pending. Two industry groups have petitioned to overturn the rule, asserting that …

Distribution channels: Business & Economy

Published on January 18, 2024 - 19:03 GMT

FTC Order Will Ban InMarket from Selling Precise Consumer Location Data

Data aggregator InMarket Media will be prohibited from selling or licensing any precise location data to settle Federal Trade Commission charges that the company did not fully inform consumers and obtain their consent before collecting and using their …

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Published on January 17, 2024 - 23:51 GMT

FTC Action Leads to Ban for Ganadores Real Estate and Income Scam, its Owner, and Managers

A Federal Trade Commission lawsuit has led to the permanent end to a business opportunity scam known as Ganadores Online and Ganadores Inversiones Bienes Raíces that targeted Spanish-speaking consumers with brazen and false money-making pitches for online …

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Published on January 17, 2024 - 19:03 GMT

FTC Announces Claims Process for Consumers Harmed by Lanier Law Mortgage Relief Scheme

The Federal Trade Commission is launching a claims process for consumers harmed by a deceptive mortgage relief operation known as Lanier Law that collected upfront fees of thousands of dollars and promised consumers lower monthly payments but failed to …

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