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Caffeine-infused underwear won't help you lose weight, government says

Putting caffeine in your underpants won't help you lose weight, at least not according to the Federal Trade Commission. The FTC on Monday ordered two companies, Norm Thompson Outfitters and Wacoal America, to issue more than $1.5 million in refunds after marketing caffeine-infused undergarments as weight loss and shaping aids. Show More Summary

Butterfly Labs Case Updated: BFL Mined Bitcoin Using Customers' Rigs

A week ago, the Federal Trade Commission (FTC) shut down Butterfly Labs (BFL), one of the reasons for this being that “consumers who have purchased the machines or services cannot use them to generate Bitcoins because Defendants [Butterfly...Show More Summary

The FTC doubles down on its net neutrality ambitions

A top official at the Federal Trade Commission is warning that consumers will be hurt if a fellow agency, the Federal Communications Commission, pushes for strong net neutrality protections under Title II of the Communications Act. It's the second time in as many weeks that the FTC has complained about the possible loss of authority […]

The FTC doubles down on its net neutrality ambitions

A top official at the Federal Trade Commission is warning that consumers will be hurt if a fellow agency, the Federal Communications Commission, pushes for strong net neutrality protections under Title II of the Communications Act. It's the second time in as many weeks that the FTC has complained about the possible loss of authority […]

Court Order Shuts Down Buttefly Labs Bitcoin Miner Company

A Kansas company that offered bitcoin-generating computers is being sued by the Federal Trade Commission, which said it bilked more than 20,000 consumers out of as much as $50 million.The Leawood-based company, Butterfly Labs, failed to deliver the machines or sent worthless equipment, according to the FTC's complaint filed in U.S. Show More Summary

Butterfly Labs shut down for scamming Bitcoin miners

The Federal Trade Commission has taken Butterfly Labs, Inc. to court, accusing it of scamming would be Bitcoin miners over the sale of mining equipment. Butterfly Labs has been in the hot seat since last year when it was revealed … Continue reading ?

This is the FTC’s first-ever Bitcoin case. And it’s winning.

The Federal Trade Commission has won an early victory against a company that allegedly made misleading claims about its ability to produce bitcoins for customers. At the FTC's request, a federal judge has shut down Butterfly Labs, a Missouri-based firm whose specialized computers, which were touted for their ability to produce bitcoins, allegedly went for […]

This is the FTC’s first-ever Bitcoin case. And it’s winning.

The Federal Trade Commission has won an early victory against a company that allegedly made misleading claims about its ability to produce bitcoins for customers. At the FTC's request, a federal judge has shut down Butterfly Labs, a Missouri-based firm whose specialized computers, which were touted for their ability to produce bitcoins, allegedly went for […]

U.S. court halts bitcoin mining operation Butterfly Labs: FTC

last weekNews : The Newsroom

WASHINGTON (Reuters) - A U.S. court has shut down Butterfly Labs, a Missouri company the Federal Trade Commission alleges deceptively marketed computers designed to produce bitcoins, the "virtual currency" payment system. The FTC's complaint...Show More Summary

FTC: No, You Probably Can’t Lose 20 Pounds By Using An Ab Glider For Three Minutes A Day

No matter how old a Federal Trade Commission consent order is, if you break it you’re bound to pay a pretty stiff penalty. Just ask the folks over at ICON Health & Fitness Inc. who agreed to pay millions of dollars in penalties for continuing to make deceptive weight loss claims in fitness equipment advertisements. The FTC announced today that … [More]

Ab Glider Maker to Pay $3 Million Fine for Bogus Ad Claims

CURAphotography/Shutterstock Claims made marketing the Pro Form ab Glider -- including ads and infomercials featuring talk show host Elisabeth Hasselbeck -- were "bogus" and violated a previous order by the Federal Trade Commission to...Show More Summary

FTC: Yelp To Pay $450,000 For Collecting Personal Information From Children

With each new settlement the Federal Trade Commission announces, it appears more likely that mobile apps and children just don’t go together. In the most recent case, Yelp settled allegations that it improperly collected children’s’ personal information – a big no-no that means the online review site will pay hundred of thousands of dollars to rectify. The FTC announced … [More]

F.T.C. Wary of Mergers by Hospitals

last weekHealth : NYT: Health

Hospitals often say acquisitions are necessary to coordinate care, but the Federal Trade Commission says consolidation could increase consumer costs.

FTC: Yelp and TinyCo Improperly Collected Kids’ Data

Online review site Yelp and TinyCo, a popular developer of kids’ apps, settled charges that the companies had collected personal information from children without parental permission, the Federal Trade Commission said Wednesday.

Be careful with kids' privacy - FTC hits developer with hefty penalty

Mobile game developer TinyCo is settling with the U.S.' Federal Trade Commission after regulators accused the company of improperly collecting children's personal information....

Big Data's Impact On Underserved, Low-Income Consumers On FTC Radar

The Federal Trade Commission is hosting a workshop this week on the growing use of big data and its impact on underserved and low-income consumers. The Commission's request for input from a wide variety of stakeholders is responsible...Show More Summary

The FTC fined a company pushing diet pills touted by Dr. Oz. Will the medical world weigh in?

3 weeks agoHealth : The Checkup

The Federal Trade Commission on Monday slapped a $3.5 million fine on a company selling green coffee extract ingredients for dietary supplements under the specious claims that the substance promotes weight loss with or without diet and exercise. Read full article >>

In-App Purchases Lead to Huge FTC Settlements for Google

The Federal Trade Commission (FTC) has been filing complaints against tech giants like Google, Apple, and Amazon due to the way these companies handle in-app transactions. It seems that thousands of parents in the United States haveShow More Summary

Google’s Gotta Pay, Says FTC Kids Apps Lawsuit

Google will settle charges and repay $19 million to consumers whose children were allegedly deceived into making mobile purchases through the Android app store, according to Federal officials. The Federal Trade Commission filed suit, alleging that since 2011, Google “made it too easy for children to use Android phones to buy items ranging from 99 […]

Google to pay back $19 million for in-app purchase settlement

In the latest in-app purchase settlement, the Federal Trade Commission is tasking Google with paying back $19 million to those whose children, against their parents' wishes, spent money on in-app purchases in apps downloaded from the Google Play store. Show More Summary

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