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

Published on October 12, 2023 - 13:40 GMT

FTC and CFPB Settlement to Require Trans Union to Pay $15 Million over Charges It Failed to Ensure Accuracy of Tenant Screening ...

The Federal Trade Commission and the Consumer Financial Protection Bureau (CFPB) obtained a settlement that will require credit reporting agency Trans Union LLC and a subsidiary to pay a total of $15 million to settle charges they failed to ensure the …

Distribution channels: Business & Economy

Published on October 11, 2023 - 18:26 GMT

FTC Action Leads to Lifetime Ban for Skin Cream Marketer Who Charged Consumers Millions in Junk Fees

As a result of a Federal Trade Commission lawsuit, the owner of a series of companies that charged consumers millions of dollars in undisclosed and recurring subscription fees for skin creams has agreed to a lifetime ban on negative option marketing and …

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Published on October 11, 2023 - 13:40 GMT

FTC Proposes Rule to Ban Junk Fees

The Federal Trade Commission today announced a new proposed rule to prohibit junk fees, which are hidden and bogus fees that can harm consumers and undercut honest businesses. The FTC has estimated that these fees can cost consumers tens of billions of …

Distribution channels: Business & Economy

Published on October 10, 2023 - 19:19 GMT

FTC Approves Final Order to Prevent Interlocking Directorate Arrangement, Anticompetitive Information Exchange in EQT, Quantum ...

The Federal Trade Commission finalized a consent order that prevents entanglements and the exchange of confidential, competitively sensitive information to resolve antitrust concerns surrounding a $5.2 billion cash-and-stock deal between private equity …

Distribution channels: Business & Economy

Published on October 6, 2023 - 18:24 GMT

FTC Data Shows Consumers Report Losing $2.7 Billion to Social Media Scams Since 2021

New data from the Federal Trade Commission shows that scams originating on social media have accounted for $2.7 billion in reported losses since 2021, more than any other contact method. In a new data spotlight, the FTC also takes a deep dive into social …

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Published on October 6, 2023 - 13:36 GMT

Student Loan Debt Relief Scammers Permanently Banned from Industry, Ordered to Turn Over Assets under Proposed Order

Two groups of student loan debt relief scammers will be permanently banned from the debt relief industry and are required to turn over their assets as part of a settlement with the Federal Trade Commission. In the FTC’s May 2023 complaints against SL …

Distribution channels: Business & Economy

Published on October 4, 2023 - 19:19 GMT

FTC and DOJ to Co-Host October 5 Workshop on the 2023 Draft Merger Guidelines

WHAT: The Federal Trade Commission and Justice Department are co-hosting a workshop to facilitate public dialogue on the 2023 Draft Merger Guidelines. The event is also co-hosted with the MIT Economics Department and the Mossavar-Rahmani Center for …

Distribution channels: Business & Economy

Published on October 2, 2023 - 18:14 GMT

FTC Staff Submit Comment Supporting Proposed Amendments to Regulations Implementing the Mental Health Parity and Addiction Equity ...

Staff in the Federal Trade Commission’s Bureau of Consumer Protection have submitted a comment to the U.S. Department of the Treasury, U.S. Department of Labor, and U.S. Department of Health and Human Services supporting proposed amendments to regulations …

Distribution channels: Business & Economy

Published on September 29, 2023 - 18:14 GMT

FTC Joins with CFPB in Filing Amicus Brief Urging Reversal of Decision Misinterpreting FCRA’s Requirement to Remove Disputed, ...

The Federal Trade Commission has joined the Consumer Financial Protection Bureau (CFPB) in filing an amicus brief in the U.S. Court of Appeals for the Second Circuit urging reversal of a district court decision that the agencies say overlooked the Fair …

Distribution channels: Business & Economy

Published on September 29, 2023 - 18:14 GMT

Federal Trade Commission Partners with Latin American Countries to Combat Fraud

The Federal Trade Commission signed a cooperation agreement with the consumer protection authorities of the four Latin American countries —Chile, Colombia, Mexico and Peru – to combat fraud both inside and outside the United States. The Multilateral …

Distribution channels: Business & Economy

Published on September 28, 2023 - 23:01 GMT

FTC Approves Horseracing Integrity and Safety Authority’s Proposed Enforcement Rule Modification, Publishes Proposed Budget

The Federal Trade Commission has issued an Order approving modifications proposed by the Horseracing Integrity and Safety Authority to its enforcement rule after a public comment period. The Horseracing Integrity and Safety Act, which recognized the …

Distribution channels: Business & Economy

Published on September 28, 2023 - 18:14 GMT

FTC Acts to Stop Online Business Coaching Scheme Lurn From Deceiving Consumers About Money-Making Potential

The Federal Trade Commission is taking action to stop Lurn, a Maryland-based online business coaching seller, from making unfounded claims that consumers can make significant income by starting an array of online businesses. The company, its CEO Anik …

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Published on September 27, 2023 - 18:08 GMT

FTC Seeks Research Presentations for PrivacyCon 2024

The Federal Trade Commission is seeking research for its annual PrivacyCon event, which will take place virtually on March 6, 2024, on such privacy and data security topics as artificial intelligence and health-related privacy. The annual event brings …

Distribution channels: Business & Economy

Published on September 27, 2023 - 18:07 GMT

FTC and DOJ Announce Additional Workshops on the 2023 Draft Merger Guidelines

The Federal Trade Commission and Justice Department announced today that they plan to hold two additional workshops to facilitate public dialogue on the 2023 Draft Merger Guidelines that the agencies announced in July. Like the agencies’ first workshop on …

Distribution channels: Business & Economy

Published on September 26, 2023 - 19:13 GMT

FTC Sues Amazon for Illegally Maintaining Monopoly Power

The Federal Trade Commission and 17 state attorneys general today sued Amazon.com, Inc. alleging that the online retail and technology company is a monopolist that uses a set of interlocking anticompetitive and unfair strategies to illegally maintain its …

Distribution channels: Business & Economy

Published on September 25, 2023 - 18:06 GMT

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

The Federal Trade Commission has extended by 120 days the deadline for it to consider 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 September 22, 2023 - 19:13 GMT

FTC to Host Virtual Roundtable on AI and Content Creation

The Federal Trade Commission staff will be hosting a virtual roundtable discussion on October 4, 2023 to better understand the impact of the use of generative artificial intelligence on music, filmmaking, and other creative fields. FTC staff are seeking to …

Distribution channels: Business & Economy

Published on September 21, 2023 - 21:49 GMT

FTC Challenges Private Equity Firm’s Scheme to Suppress Competition in Anesthesiology Practices Across Texas

The Federal Trade Commission today sued U.S. Anesthesia Partners, Inc. (USAP), the dominant provider of anesthesia services in Texas, and private equity firm Welsh, Carson, Anderson & Stowe, alleging the two executed a multi-year anticompetitive scheme …

Distribution channels: Business & Economy

Published on September 21, 2023 - 21:49 GMT

FTC, Department of Labor Partner to Protect Workers from Anticompetitive, Unfair, and Deceptive Practices

The Federal Trade Commission and the U.S. Department of Labor (DOL) signed a new agreement that will bolster the FTC’s efforts to protect workers by promoting competitive U.S. labor markets and putting an end to unfair, deceptive, and other unlawful acts …

Distribution channels: Business & Economy

Published on September 21, 2023 - 20:40 GMT

FTC Joins FCC in Renewing Memorandum of Understanding to Promote Cross-Border Law Enforcement Efforts to Combat Spam, Scams, and ...

The Federal Trade Commission has joined the Federal Communications Commission (FCC) in signing a renewed memorandum of understanding (MOU) between public authorities who are members of the Unsolicited Communications Enforcement Network (UCENet). The MOU …

Distribution channels: Business & Economy