More than a year after the Federal Trade Commission settled charges with a massive debt collection operation that extorted payments from consumer using false threats, those affected by the deceptive practices are finally seeing a bit of restitution in the form of checks totaling $4 million. The FTC announced today that it is in the process of returning $4 million … [More]
Earlier this month, the Federal Trade Commission fined Erik Chevalier nearly $112,000 for deceiving the backers of his Kickstarter campaign—a board game titled "The Doom That Came to Atlantic City"—and failing to refund donations after he cancelled the project. It marked the first time the FTC took legal action against a crowdfunding [...]
The Federal Trade Commission and Florida get an outfit that targeted seniors with phony rate cut offers shut down
David J. Phillip/AP NEW YORK -- Sysco is scrapping its proposed $3.5 billion buyout of US Foods after a Federal Trade Commission legal victory that temporarily blocked the deal to combine the two food-service companies. The FTC opposed...Show More Summary
The move comes after a federal judge sided with the Federal Trade Commission in determining that combining the two companies would harm consumers.
By Lucy Mueller Millennials aren't incredibly worried about bank fraud -- but they should be. According to a 2014 Federal Trade Commission study, 20- to 29-year-olds are the highest reporting group for identity theft, making up a full fifth of complaints across all age brackets. Show More Summary
The Federal Trade Commission rolled out its latest truth in advertising guidelines. The last time the FTC updated its guidelines for truth in advertising was back in 2010. The new guidelines may precede a crackdown for social media marketing. Show More Summary
Sometimes it’s hard to ignore the lure of a “risk-free trial” when it comes with a product that promises to leave your skin youthful, radiant and as soft as a baby’s bottom. But as the Federal Trade Commission once again reminds us, those deals often come with strings attached and hollow promises. The FTC announced today that at its request … [More]
On the Web: Before paying with bitcoins… - Federal Trade Commission Consumer Information Blog - "In fact, the FTC has received hundreds of complaints involving bitcoins and other virtual currencies. The two most common problems? Online...Show More Summary
The U.S. Federal Trade Commission recently settled a case against Erik Chevalier, who started a Kickstarter campaign to produce a board game. Chevalier never completed the project, despite rising over $122,000, and never issue a refund to backers.
The decision is a victory for the Federal Trade Commission, which sued to block the deal on grounds it would lead to higher prices and worse service.
Sysco and US Foods, the two biggest national foodservice suppliers, want to merge, and the meanies at the Federal Trade Commission won’t let them. Regulators think this merger would be bad for the companies’ customers–and their customers are food service institutions ranging from the most humble snack bars to the fanciest restaurants. Show More Summary
A federal judge has sided with the Federal Trade Commission in its bid to block Sysco's $3.5 billion acquisition of competitor US Foods, a mega merger in the foods distribution business.
A digital-privacy group has filed a complaint against Uber with the Federal Trade Commission. ||| Washington - Uber Technologies shouldn’t track customers when they aren’t using the ride-sharing application, according to a complaint filed with the Federal Trade Commission on Monday by a digital-privacy group. Show More Summary
A non-profit public interest group on Monday filed a complaint with the U.S. Federal Trade Commission, asking it to investigate Uber over policies that could soon add extra contact and location tracking permissions to its ridesharing apps.
Both the UK and Australian governments have issued reports describing homeopathy as bunk, and now the US Food and Drug Administration and Federal Trade Commission are holding hearings on the regulation of high-priced sugar-pills. Read the rest
Everyone knows about the “Do Not Call List,” but the wonderful dream of a spam-free phone life continues to be a sham. Unfortunately, the "Do Not Call List" simply hasn’t worked in the way the FCC and the Federal Trade Commission wanted it to. Show More Summary
When it surfaced a couple of months ago that the U.S. Federal Trade Commission had suppressed recommendations that the FTC pursue Google for antitrust violations, what was remarkable was how bipartisan the decision had been by the Commissioners to give a free pass to digital corporate concentration. Show More Summary
Last year, the Federal Trade Commission sued AT&T over its alleged failure to disclose to subscribers of “unlimited” data plans that their data might actually be throttled. The future of that case is in limbo right now, but today the Federal Communications Commission announced its intention to fine AT&T $100 million over its unlimited data plans. When AT&T was … [More]