The Federal Trade Commission announced that it has postponed its workshop seeking input on proposed changes to the Safeguards Rule under the Gramm-Leach-Bliley Act until July 13, 2020 and that the event will be held online. The virtual workshop, originally scheduled to take place on May 13, 2020, will continue to focus on some of […]
Category Archives: Federal Trade Commission
Fashion Nova Will Pay $9.3 Million for Consumer Refunds To Settle FTC Charges It Violated Rules On Shipping, Refunds
Online fashion retailer Fashion Nova will pay $9.3 million to settle Federal Trade Commission charges that it didn’t properly notify consumers and give them the chance to cancel their orders when it failed to ship merchandise in a timely manner, and that it illegally used gift cards to compensate consumers for unshipped merchandise instead of providing […]
FTC Approves Final Order Settling Charges that Merger of Polyurethane Foam Producers Was Anticompetitive
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that the merger of polyurethane foam producers FXI Holdings, Inc. and Innocor, Inc. would likely substantially lessen competition in three regional markets for the low-density conventional polyurethane foam that is used in home furnishings. According to the complaint, FXI […]
Rent-To-Own Payment Plan Company Progressive Leasing Will Pay $175 Million to Settle FTC Charges It Deceived Consumers About Pricing
Progressive Leasing, a company that markets rent-to-own payment plans in tens of thousands of retail stores nationwide, will pay $175 million to settle Federal Trade Commission charges it misled consumers about the true price of items purchased through its plans. According to the FTC’s complaint, consumers who visited retailers to buy items such as furniture, […]
FTC Takes Action to Stop Direct Mail Pill Marketers’ Unproven Health Claims
The marketers of three supplements called Neurocet, Regenify, and Resetigen-D have settled a Federal Trade Commission compliant alleging they deceptively promoted their products to older Americans using false claims that their products could stop pain and treat age-related ailments. The proposed stipulated order would bar the defendants—five related companies called Mile High Madison Group, Inc., Nordic […]
VieVu’s Former Parent Company Safariland Agrees to Settle Charges That It Entered into Anticompetitive Agreements with Body-Worn Camera Systems Seller Axon
Safariland, LLC, which manufactures and sells equipment for the law-enforcement, military, and recreational markets, has agreed to settle Federal Trade Commission allegations that it entered several anticompetitive non-compete and customer non-solicitation agreements with body-worn camera system seller Axon. Safariland entered into these agreements when Axon acquired Safariland’s VieVu body-worn camera division. The FTC issued an […]
FTC Takes Action to Stop Company Posing as SBA Lender and Preying on Small Businesses
The Federal Trade Commission has charged a Rhode Island-based company and its owner with falsely claiming to be an approved lender for a federal coronavirus relief lending program and asked a federal court to immediately halt their misrepresentations. The FTC’s complaint alleges that Ponte Investments, LLC, also doing business as SBA Loan Program and SBA […]
FTC Sends Report to Congress on Retailers’ Shipping Policies
The Federal Trade Commission has sent a report to Congress related to retailers’ policies concerning shipping to Alaska, Hawaii, and U.S. Territories, such as Puerto Rico. The report was requested by the U.S. House of Representatives Committee on Appropriations and addresses concerns that some companies may not ship to these areas, even though they are served […]
FTC Halts Bogus Claims about “Miracle” Supplement for Older Adults
A Florida-based company that has promoted its Isoprex supplement to older adults as a miracle cure for pain and joint inflammation has agreed to a settlement with the Federal Trade Commission that bars the company from continuing to make its unproven claims. The proposed court order settling the FTC’s complaint would prohibit Renaissance Health Publishing, […]
FTC and ICPEN Launch New Online Tools for Sharing Data about International Scams
The Federal Trade Commission announced the launch of two new interactive dashboards detailing consumer reports about international fraud and scams. One of the new interactive dashboards provides data on cross-border complaints submitted by consumers to econsumer.gov, a site created in 2001 by members of the International Consumer Protection and Enforcement Network (ICPEN) to gather and share […]