The Federal Trade Commission today announced it has sent six letters warning multi-level marketing companies (MLMs) to remove and address claims about their products’ ability to treat or prevent coronavirus 2019 (COVID-19) or about the earnings people who have recently lost income can make, or both. This is the second set of warning letters to […]
Category Archives: Federal Trade Commission
FTC Sends Second Round of Warning Letters to Multi-Level Marketers Regarding Coronavirus Related Health and Earnings Claims
The Federal Trade Commission today announced it has sent six letters warning multi-level marketing companies (MLMs) to remove and address claims about their products’ ability to treat or prevent coronavirus 2019 (COVID-19) or about the earnings people who have recently lost income can make, or both. This is the second set of warning letters to […]
FTC Sends Letters Warning 35 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 35 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 sixth set of warning letters the FTC has announced as part of its ongoing efforts to […]
Developer of Apps Popular with Children Agrees to Settle FTC Allegations It Illegally Collected Kids’ Data without Parental Consent
A developer of apps that are popular with children has agreed to pay $150,000 and to delete personal information it illegally collected from children under 13 to settle Federal Trade Commission allegations. In a complaint filed by the Department of Justice on behalf of the FTC, the Commission alleges that HyperBeard, Inc. violated the Children’s Online […]
FTC Staff Provides 2019 Annual Financial Acts Enforcement Report to the CFPB
The staff of the Federal Trade Commission has provided its 2019 Annual Financial Acts Enforcement Report to the Consumer Financial Protection Bureau on its enforcement and related activities regarding the Truth in Lending Act (TILA), Consumer Leasing Act (CLA), and Electronic Fund Transfer Act (EFTA). The report on TILA, CLA, and EFTA highlights, among other […]
FTC Provides Consumer Emergency Preparedness Resources
The Federal Trade Commission is alerting people to the importance of emergency preparedness with free resources, in English and Spanish, as the Atlantic hurricane season gets under way this month. A new blog post, Hurricane Season 2020 and COVID-19, points to helpful tips and resources on the FTC’s mobile-friendly website, ftc.gov/weatheremergencies. Of special note this […]
FTC Comment Supports Provisions in Centers for Medicare & Medicaid Services’ Interim Final Rule that Reduce or Eliminate Restrictive Medicare Payment Requirements for Telehealth and Related Services during Pandemic
The staffs of the Federal Trade Commission’s Office of Policy Planning, Bureau of Economics, Bureau of Competition, and Office of the General Counsel have submitted a comment to the Centers for Medicare & Medicaid Services, or CMS, on its Interim Final Rule with Comment Period, or IFC. The IFC sets forth policy and regulatory revisions […]
Payment Processor for MOBE Business Coaching Scheme Settles FTC Charges
A payment processor that allegedly ignored clear warning signs its client was operating an unlawful business coaching and investment scheme will be barred from processing payments in the business coaching field under a settlement with the Federal Trade Commission. According to the FTC’s complaint against California-based Qualpay, the company for years processed payments for MOBE, […]
FTC Sending Refund Checks Totaling Almost $149,000 to Consumers Who Bought ReJuvenation “Anti-Aging” Pill
The Federal Trade Commission is mailing full refunds totaling nearly $149,000 to 1,310 consumers who bought ReJuvenation, a product deceptively marketed as a cure-all for a range of age-related ailments including cell damage, heart attack damage, brain damage, and deafness. The FTC has additional money to return to defrauded consumers in this case, and is […]
FTC Approves Final Order Settling Charges that Danaher Corporation’s Acquisition of GE Biopharma Was Anticompetitive
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Danaher Corporation’s acquisition of GE Biopharma would likely reduce competition in highly concentrated markets that supply biopharmaceutical companies with key inputs. Danaher is divesting to Sartorius AG all rights and assets to research, develop, manufacture, market, and sell […]