Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Össur Hf’s proposed acquisition of College Park Industries, Inc. would violate federal antitrust law. According to the complaint, which was first announced in April 2020, the transaction would likely harm U.S. customers of myoelectric elbows. College Park is […]
Category Archives: Federal Trade Commission
Auto Dealership Bronx Honda, General Manager to Pay $1.5 Million to Settle FTC Charges They Discriminated Against African-American, Hispanic Car Buyers
New York City car dealer Bronx Honda and its general manager, Carlo Fittanto, will pay $1.5 million to settle Federal Trade Commission charges they discriminated against African-American and Hispanic car buyers and engaged in numerous other illegal business practices. According to the FTC’s complaint, the defendants told sales people to charge higher financing markups and […]
FTC Sending Refund Checks Totaling More Than $470,000 to Consumers Defrauded by Misleading Health Claims for TrueAloe and AloeCran Supplements
The Federal Trade Commission is mailing 22,581 refund checks totaling more than $470,000 to consumers nationwide who bought two deceptively marketed health products—TrueAloe and AloeCran, from a company called NatureCity, LLC. According to the FTC’s October 2019 complaint, the Florida company deceived consumers with claims that TrueAloe and AloeCran were effective treatments for a range […]
FTC Finalizes Settlement in LendEDU Case Related to Deceptive Rankings and Fake Reviews
Following a public comment period, the Federal Trade Commission has finalized a settlement with Delaware comparison shopping website LendEDU over allegations that it promoted deceptive rankings of financial products for a fee and posted fake positive reviews of its website. According to the agency’s administrative complaint, LendEDU misled consumers to believe its website provided objective […]
FTC Halts Deceptive Payday Lender That Took Millions From Consumers’ Accounts Without Authorization
The Federal Trade Commission has charged a payday lending enterprise with deceptively overcharging consumers millions of dollars and withdrawing money repeatedly from consumers’ bank accounts without their permission. A federal court has entered a temporary restraining order halting the operation and freezing the defendants’ assets, at the FTC’s request. According to the FTC, the 11 defendants, through […]
FTC Halts Deceptive Payday Lender That Took Millions From Consumers’ Accounts Without Authorization
The Federal Trade Commission has charged a payday lending enterprise with deceptively overcharging consumers millions of dollars and withdrawing money repeatedly from consumers’ bank accounts without their permission. A federal court has entered a temporary restraining order halting the operation and freezing the defendants’ assets, at the FTC’s request. According to the FTC, the 11 […]
Active Duty Servicemembers are More likely to Report Identity Theft than Other Adults, New FTC Data Shows
Active duty servicemembers are 76 percent more likely than other adults to report that an identity thief misused existing accounts, such as a bank account or credit card, according to the Federal Trade Commission’s latest Consumer Protection Data Spotlight. The data, which is based on complaints submitted by consumers to the FTC’s Consumer Sentinel Network, also […]
Active Duty Servicemembers are More likely to Report Identity Theft than Other Adults, New FTC Data Shows
Active duty servicemembers are 76 percent more likely than other adults to report that an identity thief misused existing accounts, such as a bank account or credit card, according to the Federal Trade Commission’s latest Consumer Protection Data Spotlight. The data, which is based on complaints submitted by consumers to the FTC’s Consumer Sentinel Network, also […]
Active Duty Servicemembers are More likely to Report Identity Theft than Other Adults, New FTC Data Shows
Active duty servicemembers are 76 percent more likely than other adults to report that an identity thief misused existing accounts, such as a bank account or credit card, according to the Federal Trade Commission’s latest Consumer Protection Data Spotlight. The data, which is based on complaints submitted by consumers to the FTC’s Consumer Sentinel Network, also […]
FTC Sends Letters Warning 50 More Marketers to Stop Making Unsupported Claims That Their Products and Therapies Can Effectively Prevent or Treat COVID-19
The Federal Trade Commission announced it has sent letters warning 50 more marketers nationwide to stop making unsubstantiated claims that their products and therapies can treat or prevent COVID-19, the disease caused by the novel coronavirus. This is the fifth set of warning letters the FTC has announced as part of its ongoing efforts to […]