The Federal Trade Commission has submitted a report to Congress updating lawmakers on the agency’s efforts to educate consumers about their rights to dispute and correct errors in their credit reports. Lawmakers requested the report as part of the fiscal year 2020 spending bill that funds the FTC and other federal agencies. Under the Fair Credit […]
Category Archives: Federal Trade Commission
FTC Imposes Conditions on AbbVie Inc.’s Acquisition of Allergan plc
Pharmaceutical companies AbbVie Inc. and Allergan plc have agreed to divest assets to settle Federal Trade Commission charges that AbbVie’s proposed $63 billion acquisition of Allergan would violate federal antitrust law. Following an extensive investigation, the FTC alleges that the proposed acquisition would likely result in substantial competitive harm to consumers in the market for […]
FTC to Co-Host Second Conference on Marketing and Consumer Protection on October 2
Federal Trade CommissionHeadquarters:600 Pennsylvania Avenue, NWWashington, DC 20580Contact Us Related posts: FTC Approves Final Consent Settling Charges that Bollman Hat Company Made Deceptive ‘Made in USA’ and Certification Claims FTC Approves Final Orders Settling Charges Against The Sherwin-Williams Co. and PPG Architectural Finishes, Inc.; Issues Enforcement Policy Statement on “Zero VOC” Paint Claims FTC Approves […]
“Thrive” Supplement Marketer Agrees to Preliminary Order Barring Him from Claiming It Can Treat, Prevent, or Reduce the Risks Associated with COVID-19
In response to a Federal Trade Commission complaint, a California-based marketer of a supplement consisting mainly of Vitamin C and herbal extracts has agreed to a preliminary order barring him from claiming that it is effective at treating, preventing, or reducing the risk of COVID-19. Pending the resolution of a parallel administrative case, the proposed preliminary […]
FTC Gives Final Approval to Modify FTC’s 2012 Privacy Order with Facebook with Provisions from 2019 Settlement
In response to the federal court’s recent action, the Federal Trade Commission has formally approved amendments to its 2012 privacy order with Facebook to include the provisions that were incorporated in the settlement the Commission announced with the social network platform in July 2019. The FTC in July 2019 announced a record-breaking $5 billion settlement […]
FTC Chairman’s Statement Regarding the Court’s Approval of the Facebook Settlement
Federal Trade Commission Chairman Joe Simons issued the following statement regarding the Federal Court’s approval of the Facebook settlement: “We are pleased with the Court’s decision. As the Court notes, the historic $5 billion settlement is ‘by far’ the largest monetary penalty ever obtained by the United States on behalf of the FTC and the […]
FTC Sends Warning Letters to Multi-Level Marketers Regarding Health and Earnings Claims They or Their Participants are Making Related to Coronavirus
The Federal Trade Commission today announced it has sent 10 letters warning multi-level marketing companies (MLMs) to remove and address claims that they or their participants are making about their products’ ability to treat or prevent coronavirus disease or about the earnings people who have recently lost income can make, or both. According to the […]
FTC Chairman Releases 2019 Annual Highlights
Federal Trade Commission Chairman Joe Simons released a summary of the agency’s 2019 Annual Highlights today, calling attention to the Commission’s ongoing efforts to protect consumers and promote a competitive marketplace. The Highlights note that FTC actions have led to more than $232 million in refunds to consumers across the country, with $136 million sent directly […]
FTC Sends 21 Letters Warning Marketers to Stop Making Unsupported Claims That Their Products and Therapies Can Effectively Treat Coronavirus
The Federal Trade Commission announced it has sent 21 additional letters warning marketers throughout the United States to stop making unsubstantiated claims that their products and therapies can treat or prevent coronavirus (COVID-19). This is third set of warning letters the FTC has sent to sellers of such products as part of its ongoing efforts […]
Credit Card Launderer for Tech Support Scams to Pay $6.75 Million to Settle FTC Charges
A Canadian company, RevenueWire, and its CEO, Roberta Leach, will pay $6.75 million to settle Federal Trade Commission charges they laundered credit card payments for, and assisted and facilitated, two tech support scams previously sued by the FTC. “Finding ways to get paid – without getting caught – is essential for scammers who steal money […]