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  • FTC Alleges Mobile Banking App Misled Users About Access to Their Funds, Failed to Deliver on Promised High Interest Rates

    Federal Trade Commission Alleges Mobile Banking App Misled Users About Access to Their Funds, Failed to Deliver on Promised High Interest Rates | site |


    (November (18, 2020) - - On November 18, 2020 the Federal Trade Commission (FTC) published the following information:

    The Federal Trade Commission sued the operators of a mobile banking app, alleging that they falsely promised users high interest rates on their accounts and “24/7” access to their funds.

    In a complaint filed in federal court, the FTC alleges that Beam Financial Inc. and its founder and CEO Yinan Du, also known as Aaron Du, promised users of their free mobile banking app that they could make transfers out of their accounts and would receive their requested funds within three to five business days. Instead, some users waited weeks or even months to receive their money despite repeated complaints to Beam, while others said they never received their money, according to the
    ...
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  • FTC Sends Nearly 1.5 Million Dollars to Victims of Bronx Honda’s allegedly Illegal Financing and Sales Practices

    Federal Trade Commission Sends Nearly $1.5 Million to Victims of Bronx Honda’s allegedly Illegal Financing and Sales Practices | site |



    (November 10, 2020) - - Today, November 10, 2020 the Federal Trade Commission (FTC) published the following information:

    The Federal Trade Commission is sending refunds totaling nearly $1.5 million to individuals who were affected by allegedly unlawful financing and sales practices by Bronx Honda. According to the FTC, Bronx Honda and its general manager told sales employees to charge higher financing markups and fees to African-American and Hispanic customers. The defendants told employees that these groups should be targeted due to their limited education, and not to attempt the same practices with non-Hispanic white consumers. The FTC further alleged that Bronx Honda failed to honor advertised sale prices, changed the sales price on paperwork in the middle of the sale without telling the consumer, double-ch
    ...
    See more | Go to post

  • FTC, State, and Federal Law Enforcement Partners Announce Nationwide Crackdown on Phantom and Abusive Debt Collection

    FTC, State, and Federal Law Enforcement Partners Announce Nationwide Crackdown on Phantom and Abusive Debt Collection| site |



    ‘Operation Corrupt Collector’ targets debt collectors trying to collect on non-existent debts, using illegal scare tactics



    (September 29, 2020) - - Today, September 29, 2020, the Federal Trade Commission (FTC) published the following information:

    The Federal Trade Commission, along with more than 50 federal and state law enforcement partners, today announced a nationwide law enforcement and outreach initiative to protect consumers from phantom debt collection and abusive and threatening debt collection practices.

    This crackdown encompasses more than 50 enforcement actions against debt collectors engaged in these illegal practices brought by the FTC, three federal partners, and partners from 16 states.


    The initiative,...
    See more | Go to post

  • Federal Trade Commission Publishes Inflation-Adjusted Civil Penalty Amounts

    Federal Trade Commission Publishes Inflation-Adjusted Civil Penalty Amounts

    Federal Trade Commission Publishes Inflation-Adjusted Civil Penalty Amounts| site |




    (January 13, 2020) - - Today, the Federal Trade Commission (FTC) provided the following information: The Federal Trade Commission has adjusted the maximum civil penalty dollar amounts for violations of 16 provisions of law the FTC enforces, as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The Act directs agencies to implement annual inflation adjustments based on a prescribed formula. The new maximum civil penalty amounts will take effect upon their publication in the Federal Register. The maximum civil penalty amount has increased from $42,530 to $43,280 for violations of Sections 5(l), 5(m)(1)(A), and 5(m)(1)(B) of the FTC Act, 7A(g)(l) of the Clayton Act and Section 525(b) of the Energy Policy and Conservation Act. It has increased from $559 to $569 for violations of Section 10 of the FTC Act. The maximum civil penalty...
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  • Federal Trade Commission announces Agenda for Jan. 9 Workshop, Non-Competes in the Workplace: Examining Antitrust and Consumer Protection Issues

    Federal Trade Commission announces Agenda for Jan. 9 Workshop, Non-Competes in the Workplace: Examining Antitrust and Consumer Protection Issues| site |



    (January 3, 2020) - - - Today (January 3, 2020), the Federal Trade Commission (FTC) published the following information:

    The Federal Trade Commission has announced an agenda for its upcoming workshop in Washington, DC regarding non-compete agreements in the workplace. First announced on Dec. 5, 2019, the workshop will take place from 8:30 a.m. to 5:30 p.m. on Jan. 9, 2020 in the FTC’s Headquarters Building, 600 Pennsylvania Avenue, NW, Washington, DC, and will be webcast live. Non-compete clauses are covenants in employment contracts that limit the ability of an employee to join or start a competing firm after a job separation. Panelists at the workshop include legal scholars, economists, and policy experts, who will evaluate the effects of non-compete clauses on labor market participants and
    ...
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  • Federal Communications Commission Proposes designating 988 as National Suicide Prevention and Mental Health Hotline Number

    Federal Communications Commission Proposes designating 988 as National Suicide Prevention and Mental Health Hotline Number | site |



    Agency Begins Formal Rulemaking, Seeks Comment on Proposal


    WASHINGTON, December 12, 2019—The Federal Communications Commission today started the process of designating 988 as a new, nationwide, 3-digit number for a suicide prevention and mental health crisis hotline. This designation will help ease access to crisis services, reduce the stigma surrounding suicide and mental health conditions, and ultimately save lives. Today’s Notice of Proposed Rulemaking proposes that calls made to 988 would be directed to the existing National Suicide Prevention Lifeline, a national network of 163 crisis centers that is funded by the Department of Health and Human Services’ Substance Abuse and Mental Health Services Administration (SAMHSA). Currently, the Lifeline is available by calling 1-800-273-TALK and through ...
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  • Federal Trade Commission Issues Opinion and Order Against Cambridge Analytica For Deceiving Consumers

    Federal Trade Commission Issues Opinion and Order Against Cambridge Analytica For Deceiving Consumers About the Collection of Facebook Data, Compliance with EU-U.S. Privacy Shield | site |



    (December 6, 2019) - - Today, the Federal Trade Commission (FTC) published the following information: The Federal Trade Commission issued an Opinion finding that the data analytics and consulting company Cambridge Analytica, LLC engaged in deceptive practices to harvest personal information from tens of millions of Facebook users for voter profiling and targeting. The Opinion also found that Cambridge Analytica engaged in deceptive practices relating to its participation in the EU-U.S. Privacy Shield framework. In an administrative complaint filed in July, FTC staff alleged that Cambridge Analytica and its then-CEO Alexander Nix and app developer Aleksandr Kogan deceived consumers. Nix and Kogan agreed to settle the FTC’s allegations. Cambridge Analytica, which filed for bankrup
    ...
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  • FTC Submits Comment in Favor of Amendments to North Carolina’s Administrative Code that would Promote Expanded Access to Preventive Dental Services

    Federal Trade Commission Submits Comment in Favor of Amendments to North Carolina’s Administrative Code that would Promote Expanded Access to Preventive Dental Services | site |



    (November 19, 2019) - - Today, the Federal Trade Commission (FTC) provided the following information:

    The Federal Trade Commission staff has submitted a comment to the North Carolina State Board of Dental Examiners expressing support for proposed changes to the North Carolina Administrative Code that could increase the supply of and access to preventive dental services in underserved areas. In certain facilities in areas that lack access to dental services, the proposed changes would eliminate a regulation requiring public health dental hygienists to work under the direction of a supervising dentist who has conducted an in-person, comprehensive oral examination of the patient. Instead, dentists could provide a written standing order to allow dental hygienists to provide
    ...
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  • FTC Sending Refund Checks Totaling Over 1.8 Million Dollars to Consumers Defrauded by “Risk-Free” Trial Offers for Skin Care Products

    Federal Trade Commission Sending Refund Checks Totaling Over $1.8 Million to Consumers Defrauded by “Risk-Free” Trial Offers for Skin Care Products| site |



    (November 21, 2019) - - Today, the Federal Trade Commission (FTC) published the following information:

    The Federal Trade Commission is mailing 79,771 refund checks totaling over $1.8 million to consumers who signed up for “risk-free” trial offers for skin care products, but were enrolled in negative option programs with recurring monthly charges.

    The agency’s complaint, filed in June 2015, charged seven individuals and 15 companies with selling Auravie, Dellure, LéOR Skincare, and Miracle Face Kit branded skincare products through deceptive “risk-free trials.” According to the FTC, the defendants convinced consumers to provide their credit card information, purportedly to pay nominal shipping fees, but instead used it to impose unauthorized monthly charges for unordered products. T
    ...
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  • Federal Trade Commission and Department of Justice Approve Procedural Amendments to Hart-Scott-Rodino Rules for Foreign Entities

    Federal Trade Commission and Department of Justice Approve Procedural Amendments to Hart-Scott-Rodino Rules for Foreign Entities | site |



    (November 8, 2019) - - Today (November 8, 2019), the Federal Trade Commission (FTC) published the following information: The Federal Trade Commission, with the concurrence of the Antitrust Division of the U.S. Department of Justice, has published in the Federal Register proposed amendments that clarify whether a transaction is exempt from premerger notification under the Hart-Scott-Rodino Act because the entity involved is foreign. Determining whether an entity is a foreign person or issuer is often a necessary first step in analyzing whether the entity must file premerger notification or is exempt from those filing requirements. Under the current Hart-Scott-Rodino Rules, the determination often relies on the location of the entity’s “principal offices,” a term that has not previously been defined in the Rules. Under th...
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  • Company to Pay 60 Million Dollars to Resolve FTC Allegations It Misled Consumers with ‘Unlimited Data’ Promises

    AT&T to Pay $60 Million to Resolve FTC Allegations It Misled Consumers with ‘Unlimited Data’ Promises| site |

    Wireless operator to provide refunds to current, former customers



    (November 5, 2019) - - Today (November 5, 2019), the Federal Trade Commission (FTC) published the following information: AT&T Mobility, LLC, will pay $60 million to settle litigation with the Federal Trade Commission over allegations that the wireless provider misled millions of its smartphone customers by charging them for “unlimited” data plans while reducing their data speeds. In a complaint filed in 2014, the FTC alleged that AT&T failed to adequately disclose to its unlimited data plan customers that, if they reach a certain amount of data use in a given billing cycle, AT&T would reduce—or “throttle”—their data speeds to the point that many common mobile phone applications, such as web browsing and video streaming, became difficult or nearly impossible to...
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  • Federal Trade Commission Sends Warning Letters to Sellers of Cosmetic Contacts - - All Contact Lens Purchases Require a Prescription from a Medical Professional

    Federal Trade Commission Sends Warning Letters to Sellers of Cosmetic Contacts: All Contact Lens Purchases Require a Prescription from a Medical Professional| site |


    (October 29, 2019) - - Today (October 29, 2019), the Federal Trade Commission (FTC) published the following information:

    As Halloween approaches and consumers consider temporarily changing their eye color or the look of their eyes to match their costumes, Federal Trade Commission staff has sent letters to seven domestic brick-and-mortar retailers warning them that it is illegal to sell contact lenses—even cosmetic contacts—to consumers without a prescription. In the letters, FTC staff warns the retailers, whom the Commission is not publicly identifying, that both cosmetic and corrective lenses are restricted medical devices that require a prescription from a medical professional to purchase. Accordingly, under the Fairness to Contact Lens Consumers’ Act and the Contact Lens Rule, retai
    ...
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  • Federal Trade Commission Requires Divestitures and Imposes Conditions on US Foods Holding Corp.’s Acquisition of Services Group of America, Inc.

    Federal Trade Commission Requires Divestitures and Imposes Conditions on US Foods Holding Corp.’s Acquisition of Services Group of America, Inc.| site |


    (September 11, 2019) - - Today, the Federal Trade Commission (FTC) published the following information:

    Food distributor US Foods, Inc. has agreed to divest assets to settle Federal Trade Commission charges that US Foods, Inc.’s proposed $1.8 billion acquisition of Services Group of America, Inc. would violate federal antitrust law. Broadline foodservice distribution involves the sale and distribution of a broad range of food and foodservice-related products to customers who serve food to consumers away from home in venues such as restaurants, hospital cafeterias, stadiums, and schools. The FTC alleges that the proposed acquisition would likely harm competition for broadline foodservice distribution for customers in four local markets and for national and multi-regional customers throughout the country
    ...
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  • MoneyGram Agrees to Pay 125 Million Dollars to Settle Allegations that the Company Violated the FTC’s 2009 Order and Breached a 2012 DOJ Deferred Prosecution Agreement

    MoneyGram Agrees to Pay $125 Million to Settle Allegations that the Company Violated the FTC’s 2009 Order and Breached a 2012 DOJ Deferred Prosecution Agreement



    (November 8, 2018) - - Today, the Federal Trade Commission published the following information:

    MoneyGram International, Inc. has agreed to pay $125 million to settle allegations that the company failed to take steps required under a 2009 Federal Trade Commission order to crack down on fraudulent money transfers that cost U.S. consumers millions of dollars.

    The $125 million payment is part of a global settlement that resolves allegations that MoneyGram also violated a separate 2012 deferred prosecution agreement with the Department of Justice. “The FTC’s 2009 order required MoneyGram to protect consumers from fraud through its money transfer system, and today we are holding MoneyGram accountable for its fai
    ...
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  • Marketer of Water Filtration Systems Settles with Federal Trade Commission

    in News

    Marketer of Water Filtration Systems Settles with Federal Trade Commission

    Marketer of Water Filtration Systems Settles with Federal Trade Commission



    Distributor Agrees to Drop Misleading ‘Made in USA’ Claims





    February 6, 2017


    Washington, DC - - (February 1, 2017) - - A Georgia-based distributor of water filtration systems will stop making misleading unqualified claims that its products are made in the United States, under a settlement with the Federal Trade Commission.

    In its complaint against iSpring Water Systems, LLC, the FTC alleged that the company deceived consumers with false, misleading, or unsupported claims that its water filtration systems and parts are “Built in USA,” “Built in USA Legendary brand of water filter,” and “Proudly Built in the USA.”








    In fact, according to the complaint, iSpring’s products either are wholly imported or are made using a significant amount of inputs from overseas....
    See more | Go to post

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  • Staff Reporter 1
    FTC Alleges Mobile Banking App Misled Users About Access to Their Funds, Failed to Deliver on Promised High Interest Rates
    by Staff Reporter 1
    Federal Trade Commission Alleges Mobile Banking App Misled Users About Access to Their Funds, Failed to Deliver on Promised High Interest Rates | site |


    (November (18, 2020) - - On November 18, 2020 the Federal Trade Commission (FTC) published the following information:

    The Federal Trade Commission sued the operators of a mobile banking app, alleging that they falsely promised users high interest rates on their accounts and “24/7” access to their funds.

    In a complaint filed in federal court, the FTC alleges that Beam Financial Inc. and its founder and CEO Yinan Du, also known as Aaron Du, promised users of their free mobile banking app that they could make transfers out of their accounts and would receive their requested funds within three to five business days. Instead, some users waited weeks or even months to receive their money despite repeated complaints to Beam, while others said they never received their money, according to the
    ...
    11-19-2020, 12:34 PM
  • Staff Reporter 1
    FTC Sends Nearly 1.5 Million Dollars to Victims of Bronx Honda’s allegedly Illegal Financing and Sales Practices
    by Staff Reporter 1
    Federal Trade Commission Sends Nearly $1.5 Million to Victims of Bronx Honda’s allegedly Illegal Financing and Sales Practices | site |



    (November 10, 2020) - - Today, November 10, 2020 the Federal Trade Commission (FTC) published the following information:

    The Federal Trade Commission is sending refunds totaling nearly $1.5 million to individuals who were affected by allegedly unlawful financing and sales practices by Bronx Honda. According to the FTC, Bronx Honda and its general manager told sales employees to charge higher financing markups and fees to African-American and Hispanic customers. The defendants told employees that these groups should be targeted due to their limited education, and not to attempt the same practices with non-Hispanic white consumers. The FTC further alleged that Bronx Honda failed to honor advertised sale prices, changed the sales price on paperwork in the middle of the sale without telling the consumer, double-ch
    ...
    11-11-2020, 05:39 AM
  • Staff Reporter 1
    FTC, State, and Federal Law Enforcement Partners Announce Nationwide Crackdown on Phantom and Abusive Debt Collection
    by Staff Reporter 1
    FTC, State, and Federal Law Enforcement Partners Announce Nationwide Crackdown on Phantom and Abusive Debt Collection| site |



    ‘Operation Corrupt Collector’ targets debt collectors trying to collect on non-existent debts, using illegal scare tactics



    (September 29, 2020) - - Today, September 29, 2020, the Federal Trade Commission (FTC) published the following information:

    The Federal Trade Commission, along with more than 50 federal and state law enforcement partners, today announced a nationwide law enforcement and outreach initiative to protect consumers from phantom debt collection and abusive and threatening debt collection practices.

    This crackdown encompasses more than 50 enforcement actions against debt collectors engaged in these illegal practices brought by the FTC, three federal partners, and partners from 16 states.


    The initiative,...
    10-07-2020, 02:04 AM
  • Staff Reporter 1
    Federal Trade Commission Publishes Inflation-Adjusted Civil Penalty Amounts
    by Staff Reporter 1
    Federal Trade Commission Publishes Inflation-Adjusted Civil Penalty Amounts| site |




    (January 13, 2020) - - Today, the Federal Trade Commission (FTC) provided the following information: The Federal Trade Commission has adjusted the maximum civil penalty dollar amounts for violations of 16 provisions of law the FTC enforces, as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The Act directs agencies to implement annual inflation adjustments based on a prescribed formula. The new maximum civil penalty amounts will take effect upon their publication in the Federal Register. The maximum civil penalty amount has increased from $42,530 to $43,280 for violations of Sections 5(l), 5(m)(1)(A), and 5(m)(1)(B) of the FTC Act, 7A(g)(l) of the Clayton Act and Section 525(b) of the Energy Policy and Conservation Act. It has increased from $559 to $569 for violations of Section 10 of the FTC Act. The maximum civil penalty...
    01-16-2020, 09:55 AM
  • Staff Reporter 1
    Federal Trade Commission announces Agenda for Jan. 9 Workshop, Non-Competes in the Workplace: Examining Antitrust and Consumer Protection Issues
    by Staff Reporter 1
    Federal Trade Commission announces Agenda for Jan. 9 Workshop, Non-Competes in the Workplace: Examining Antitrust and Consumer Protection Issues| site |



    (January 3, 2020) - - - Today (January 3, 2020), the Federal Trade Commission (FTC) published the following information:

    The Federal Trade Commission has announced an agenda for its upcoming workshop in Washington, DC regarding non-compete agreements in the workplace. First announced on Dec. 5, 2019, the workshop will take place from 8:30 a.m. to 5:30 p.m. on Jan. 9, 2020 in the FTC’s Headquarters Building, 600 Pennsylvania Avenue, NW, Washington, DC, and will be webcast live. Non-compete clauses are covenants in employment contracts that limit the ability of an employee to join or start a competing firm after a job separation. Panelists at the workshop include legal scholars, economists, and policy experts, who will evaluate the effects of non-compete clauses on labor market participants and
    ...
    01-09-2020, 10:55 AM

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