FTC Provides Tips for Saving Money at the Gas Pump and Cooling Your Home For Your Information May 22, 2008 Memorial Day Weekend unofficially marks the start of summer, with hotter days and family road trips following close behind. Because the costs of cooling your home and filling up your car can add up, the […]
Tag Archives: Consumer Protection
FTC Charges Home Buying Consulting Business with Credit Repair Violations
A home-buying consulting business that offers credit repair and home-buying consulting services has agreed to settle with the Federal Trade Commission for alleged federal law violations, including illegally charging an advance fee for credit repair and falsely claiming that they can remove negative information from consumers’ credit reports, even if the information is accurate and […]
FTC Testifies Before U.S. House Subcommittee on Progress of Credit-Based Insurance Score Study
The Federal Trade Commission today provided Congress with an update on the progress of its study on the use of credit-based insurance scores in homeowners insurance. Insurance companies have increasingly used information about credit history in the form of credit-based insurance scores to decide whether to offer consumers insurance, and if so, at what price. […]
FTC, Partners to Announce Operation Tele-PHONEY Law Enforcement Sweep
The Federal Trade Commission, together with more than 30 law enforcement partners from the United States and Canada, will announce the results of ‘Operation Tele-PHONEY’ at a joint press conference at FTC Headquarters in Washington, DC, on Tuesday, May 20, 2008 at 10:30 a.m. The sweep includes a range of cases targeting telemarketing fraud such […]
FTC to Host Conference on Consumer Information and the Mortgage Market
The Federal Trade Commission’s Bureau of Economics will host a conference on May 29 to highlight and assess the role of consumer information in the current mortgage crisis from an economic perspective. Experts on real estate economics, information economics, consumer behavior, and consumer information policy will examine how consumer information and information regulation affect consumer […]
Defendants Agree to $26 Million Judgment to Settle FTC Charges for Deceiving Merchants in Debt/Credit Card Processing Scheme
The marketers of a debit and credit card processing services operation have agreed to judgments of more than $26 million to settle Federal Trade Commission charges that they deceived small businesses throughout the country. According to the FTC, the defendants’ operation falsely promised that it would save merchants hundreds to thousands of dollars a year […]
Pair Ordered to Pay $49 Million for Cross-Border Telemarketing Fraud
At the request of the Federal Trade Commission, a federal judge has ordered two persons to pay more than $49 million for their role in a Canada-based scheme that duped American businesses into paying for business directories and listings they did not order. Bernard Fromstein and Judy Provencher are the remaining defendants in the Datacom […]
FTC to Host Town Hall Meeting to Explore Contactless Payment
The Federal Trade Commission and the Technology Law and Public Policy clinic at the University of Washington Law School will host a one-day Town Hall meeting to explore emerging uses of contactless payment devices and their implications for consumer protection policy. The Town Hall, entitled “Pay on the Go: Consumers and Contactless Payment, ” follows […]
FTC Approves New Rule Provision Under The CAN-SPAM Act
The Federal Trade Commission has approved four new rule provisions under the Controlling the Assault of Non-Solicited Pornography and Marketing Act of 2003 (CAN-SPAM or the Act). The provisions are intended to clarify the Act’s requirements. The provisions and the Commission’s Statement of Basis and Purpose (SBP) will be published in the Federal Register shortly. […]
Agencies Issue Proposed Rules on Risk-Based Pricing Notices
The Federal Trade Commission and the Federal Reserve Board today announced proposed regulations that generally would require a creditor to provide a consumer with a risk-based pricing notice when, based in whole or in part on the consumer’s credit report, the creditor offers or provides credit to the consumer on terms less favorable than the […]