The Federal Trade Commission has granted, in part, a petition from Nine West Group, Inc., to modify a 2000 FTC order prohibiting the women’s footwear company from fixing retail prices with dealers. The modified order allows Nine West to engage in resale price maintenance (RPM) agreements with dealers and requires the company to provide periodic […]
Category Archives: Federal Trade Commission
FTC Challenges Agriums Proposed Acquisition of UAP Holding Corporation
The Federal Trade Commission today issued a complaint charging that Agrium, Inc.’s (Agrium) proposed $2.65 billion acquisition of UAP Holding Corporation (UAP) would be anticompetitive and in violation of federal antitrust laws. The FTC contends the deal would reduce competition in the market for the retail sale of bulk fertilizer and farm stores in several […]
FTC Approves Letter to Freddie Mac on its Proposed Settlement with New York Attorney General and the Home Valuation Code of Conduct
The Federal Trade Commission has approved a staff letter to the Federal Home Loan Mortgage Corporation (“Freddie Mac”) on its proposed settlement agreement with the New York Attorney General and the related Home Valuation Code of Conduct. On March 3, 2008, the New York Attorney General announced settlement agreements with Freddie Mac, the Federal National […]
FTC to Host Town Hall Meeting to Explore the Mobile Marketplace Issues
Media Advisory May 2, 2008 WHAT: Two-day Town Hall meeting to explore the evolving mobile commerce marketplace and its implications for consumer protection policy. Industry experts, academics, consumer advocates, privacy professionals and government analysts will discuss topics such as the use of text messaging and related messaging services as instruments of commerce; consumers’ ability […]
Court Orders Cross-Border Telemarketers to Pay Nearly $5 Million
At the request of the Federal Trade Commission, the U.S. District Court for the Northern District of Illinois has entered a final order and default judgment against a group of individual and corporate defendants based in Ontario, Canada, for their role in a cross-border telemarketing scheme that cost U.S. consumers millions of dollars. Under the […]
FTC Seeks Public Comment on Rulemaking to Prohibit Market Manipulation in the Petroleum Industry
Exercising the authority provided by Congress under the Energy Independence and Security Act of 2007 (EISA), the Federal Trade Commission today announced the approval of an Advance Notice of Proposed Rulemaking (ANPR) to solicit public comments on the appropriate way to interpret and enforce the EISA’s provisions related to preventing market manipulation in the petroleum […]
FTC, Better Business Bureau to Sponsor Advertising Event in Dallas
A one-day “back to basics” workshop on complying with truth-in-advertising laws is being presented in Dallas, Texas, on Thursday, May 29, 2008, by the Federal Trade Commission and Better Business Bureau of Metropolitan Dallas. Green Lights & Red Flags: FTC-BBB Rules of the Road for Advertisers features a roster of national experts discussing the latest […]
FTC Testifies on Efforts to Protect Consumers in Subprime Mortgage Market
The Federal Trade Commission testified before the U.S. Senate Committee on Commerce, Science, and Transportation’s Subcommittee on Interstate Commerce, Trade, and Tourism, about the Commission’s continuing efforts to protect subprime mortgage borrowers. The testimony described the agency’s priorities, including deceptive mortgage advertising, deceptive or unfair servicing practices, discrimination in lending, and foreclosure rescue scams, and […]
FTC Charges Mortgage Foreclosure Rescuers
The Federal Trade Commission has charged Foreclosure Solutions, LLC and Timothy A. Buckley with operating a nationwide mortgage foreclosure “rescue” scam that charged consumers as much as $1,200 to save their homes from foreclosure but failed to do so. The FTC seeks to bar them from further law violations and make them forfeit their ill-gotten […]
Work-At-Home Marketer Settles FTC Charges in Envelope-Stuffing Scheme
Byron C. Peterson has agreed to settle Federal Trade Commission charges for his role in an operation that allegedly misled consumers with false earnings claims for an envelope-stuffing business opportunity. According to the FTC, operating from Florida as “Home Business System,” Peterson and others placed classified ads throughout the nation, including in Spanish-language newspapers. They […]