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  • Lina Khan Sworn in as Chair of the Federal Trade Commission

    Lina Khan Sworn in as Chair of the Federal Trade Commission

    Lina Khan Sworn in as Chair of the Federal Trade Commission | site |



    (Information contained in Federal Trade Commission [FTC] press release dated: June 15, 2021)

    Lina Khan was sworn in today as Chair of the Federal Trade Commission. President Biden named Khan, a Democrat, to a term on the Commission that expires September 25, 2024, and designated her as Chair. Khan was confirmed by the U.S. Senate on June 15, 2021. “It is a tremendous honor to have been selected by President Biden to lead the Federal Trade Commission,” said Chair Khan. “I look forward to working with my colleagues to protect the public from corporate abuse. I’m very grateful to Acting Chairwoman Slaughter for her outstanding stewardship of the Commission." Prior to becoming Chair of the FTC, Khan was an Associate Professor of Law at Columbia Law School. She also previously served as counsel to the U.S. House Judiciary Committee’s Subcommit...
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  • FTC Sends More Than 172 Million Dollars in Refunds to Consumers allegedly Misled by Rent-To-Own Provider Progressive Leasing

    Federal Trade Commission Sends More Than $172 Million in Refunds to Consumers allegedly Misled by Rent-To-Own Provider Progressive Leasing | site |



    FTC says more than two million consumers will receive refunds from FTC case alleging false promises of “same as cash” payment plans


    (Information contained in Federal Trade Commission [FTC] press release dated: June 7, 2021) The Federal Trade Commission is returning more than $172 million to consumers who overpaid for merchandise they purchased using rent-to-own plans provided by Progressive Leasing. More than two million consumers will receive refund checks. The FTC’s complaint against the company, filed in April 2020, alleged that Progressive misled consumers about the true price of items purchased through its plans. Consumers who visited retailers to buy items such as furniture, jewelry, or cellphones frequently were told that Progressive’s payment plans were “same as cash” or “no int...
    See more | Go to post

  • FTC Returns Nearly 60 Million Dollars to Those Suffering from Opioid Addiction Who Were Allegedly Overcharged in Suboxone Film Scheme

    Federal Trade Commission Returns Nearly $60 Million to Those Suffering from Opioid Addiction Who Were Allegedly Overcharged in Suboxone Film Scheme| site |



    FTC says funds for these payments come from the FTC’s settlements with Reckitt Benckiser Group and Indivior, Inc. who took advantage of their unique market position to scare consumers away from generic Suboxone tablets


    (Information contained in Federal Trade Commission [FTC] press release dated: May 10, 2021)

    The Federal Trade Commission is sending 51,875 payments totaling more than $59 million to consumers who were victims of an allegedly deceptive scheme by Reckitt Benckiser Group and Indivior, Inc. to thwart lower-priced generic competition with the branded drug Suboxone. The average payment

    Courtesy: Federal Trade Commission
    amount is $1,139. The payments will be mailed...
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  • FTC, CFPB Send Notice Letters to Landlords Regarding Pandemic Eviction Moratorium

    Federal Trade Commission and the Consumer Financial Protection Bureau Send Notice Letters to Landlords Regarding Pandemic Eviction Moratorium | site |


    Letters remind landlords of their obligations as part of the CDC’s moratorium


    (Information contained in Federal Trade Commission [FTC] press release dated: May 3, 2021)

    The acting heads of the Federal Trade Commission and Consumer Financial Protection Bureau (CFPB) have sent joint notification letters to the nation’s largest apartment landlords, which collectively own more than 2 million units, reminding them of their obligations under the ongoing national eviction moratorium put in place as a result of the ongoing COVID-19 pandemic. The moratorium, which was recently extended by the Centers for Disease Control and Prevention (CDC) until June 30, 2021, prohibits evictions in certain circumstances in order to keep people in their homes and prevent the spread of the disease
    ...
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  • Statement on Change to Definition of ‘Agricultural Products’ in Reporting Trade Data

    Statement on Change to Definition of ‘Agricultural Products’ in Reporting Trade Data | site |




    (Information contained in U.S. Department of Agriculture [USDA] press release dated: February 19, 2021)


    Washington, Feb. 19, 2021 - - USDA and the Department of Commerce decided in December 2020 to change the way they define “agricultural products” when reporting international trade data.

    Beginning with the release of the January 2021 monthly trade data on March 5, USDA will adopt the World Trade Organization’s (WTO) internationally recognized definition of “agricultural products,” which includes ethanol, distilled spirits and manufactured tobacco products, three product groups not included in the current USDA definition.

    The change was first announced by Commerce in the Monthly U.S. International Trade in Goods and Services report released on Feb. 5th. The change is meant to harmonize U.S. trade reporting practices with those
    ...
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  • New Federal Trade Commission Data Show Massive Increase in Romance Scams, 304M Dollars in Losses

    New Federal Trade Commission Data Show Massive Increase in Romance Scams, $304M in Losses | site |



    Data spotlight shows reported losses up 50 percent from 2019


    (Information contained in Federal Trade Commission [FTC] press release dated: February 10, 2021)

    More consumers than ever report falling prey to romance scammers, according to new Federal Trade Commission data that show consumers reported losing a record $304 million to the scams last year. A newly released data spotlight shows that the amount consumers reported losing to romance scammers is up about 50 percent since 2019, and has increased more than fourfold since 2016. Scammers draw people in using pictures stolen from around the internet, building false personas that seem just real enough to be true, but always having a reason never to meet in person. Eventually, the supposed suitor will ask for money from the unwitting consumer. The impact can be major, with the
    ...
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  • FTC Marks Identity Theft Awareness Week with Events to Help Consumers Identify Risks of Identity Theft During the COVID-19 Pandemic

    Federal Trade Commission marks Identity Theft Awareness Week with Events to Help Consumers Identify Risks of Identity Theft During the COVID-19 Pandemic | site |



    (Information contained in Federal Trade Commission [FTC] information release dated: January 28, 2021)

    The Federal Trade Commission is launching Identity Theft Awareness Week, February 1-5, 2021, with a series of events to highlight steps consumers can take to help reduce their risk of identity theft and recover if identity theft occurs.

    Identity theft happens when someone steals personal information about you such as your Social Security number or credit card information, and uses it to commit fraud. Reports about any type of identity theft topped the list of consumer complaints submitted to the FTC through the third quarter of 2020.
    As part of Identity Theft Awareness Week,...
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  • Federal Trade Commission Brings First-Ever Cases Under the BOTS Act

    Federal Trade Commission Brings First-Ever Cases Under the BOTS Act

    Federal Trade Commission Brings First-Ever Cases Under the BOTS Act | site |



    FTC says ticket brokers will face partially suspended judgment of more than $31 million in civil penalties


    (Information extracted from Federal Trade Commission [FTC] press release dated: January 22, 2021) The Federal Trade Commission is taking legal action against three ticket brokers based in New York who allegedly used automated software to illegally buy up tens of thousands of tickets for popular concerts and sporting events, then subsequently made millions of dollars reselling the tickets to fans at higher prices. The three ticket brokers will be subject to a judgment of more than $31 million in civil penalties for violating the Better Online Ticket Sales (BOTS) Act, under a proposed settlement reached with the FTC. Due to their inability to pay, the judgment will be partially suspended, requiring them to pay $3.7 million. This is the first case br...
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  • FTC Commissioner Rebecca Kelly Slaughter Designated Acting Chair of the Agency

    FTC Commissioner Rebecca Kelly Slaughter Designated Acting Chair of the Agency

    Federal Trade Commission Commissioner Rebecca Kelly Slaughter Designated Acting Chair of the Agency | site |



    (Information contained in Federal Trade Commission [FTC] press release dated: January 21, 2021) President Joseph R. Biden designated Rebecca Kelly Slaughter as Acting Chair of the Federal Trade Commission. Slaughter has served as a Commissioner since May 2018. “I am deeply honored and grateful to lead an agency that is critical to helping the U.S. economy get back on its feet and function more fairly for all Americans,” Slaughter said. “I want to express my sincere appreciation for the excellent leadership of Chairman Simons during a time of unprecedented challenges.” As a Commissioner, Slaughter has been an advocate for greater resources for the FTC and promoted equity and inclusion efforts. She has championed aggressive use of the FTC’s authorities. She has also been particularly outspoken about combatting systemic racism, g...
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  • Federal Trade Commission Publishes Annual Performance Report

    Federal Trade Commission Publishes Annual Performance Report

    Federal Trade Commission Publishes Annual Performance Report | site |


    (Information contained in Federal Trade Commission [FTC] press release dated: January 19, 2021)

    The Federal Trade Commission published its Fiscal Year 2020 Performance Report as required under the Government Performance and Results Modernization Act of 2010. The report documents the progress made by the Commission in achieving the mission and performance goals established in the Fiscal Year 2020-2021 Performance Plan. Also, as required by the Government Performance and Results Modernization Act during a transition in administration, the Commission will submit its Fiscal 2021-2022 Performance Plan along with its Fiscal Year 2022 budget request in support of the President’s FY 2022 budget for the federal government later this year.

    The Commission vote to submit the Performance Report to Congress was 5-0.
    ...
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  • Federal Trade Commission Chairman Simons Announces his Resignation

    Federal Trade Commission Chairman Simons Announces his Resignation

    Federal Trade Commission Chairman Simons Announces his Resignation | site |



    (Information contained in Federal Trade Commission [FTC] press release dated: January 19, 2021) Federal Trade Commission Chairman Joseph J. Simons announced his resignation from the Commission today, effective January 29, 2021. “It’s been a great honor to lead this incredible organization filled with so many talented people working on behalf of American consumers,” Simons said. “As technology and our economy continue to evolve through the digital age, the FTC’s staff work tirelessly so that consumers continue to benefit from a fair and competitive marketplace. It’s been a privilege to be part of that effort.” Simons was sworn in as Chairman of the FTC on May 1, 2018, having previously served as Director of the agency’s Bureau of Competition between 2001 and 2003 and in other senior positions in the Bureau during the 1980s. As Chairman, he has focused on vigo...
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  • Federal Trade Commission Data Show Gift Cards Remain Scammers’ Favorite Payment Method

    Federal Trade Commission Data Show Gift Cards Remain Scammers’ Favorite Payment Method | site |



    (Information contained in Federal Trade Commission [FTC] press release: December 21, 2020)

    A new data analysis by the Federal Trade Commission shows that gift cards continue to be the most common form of payment when consumers report losing money to most scammers. Since 2018, the data analysis shows consumers have reported spending nearly $245 million on gift cards that they used to pay scammers for a wide variety of scams. Most often, consumers that use gift cards to pay a scammer are drawn in by an imposter scam. These can take on many forms, but the ones most likely to rely on gift cards as a payment method were government imposters, family imposters, business imposters, and tech support scams. In these scams, the scammers convince consumers that they must pay using gift cards. The reasons they present vary, but they always come back to the
    ...
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  • U.S. Secretary of Commerce Wilbur Ross and Singapore Minister for Trade and Industry Chan Chun Sing Sign Memorandum of Understanding

    U.S. Secretary of Commerce Wilbur Ross and Singapore Minister for Trade and Industry Chan Chun Sing Sign Memorandum of Understanding on Trade Financing and Investment Cooperation | site |


    (Information contained in U.S. Department of Commerce press release: December 15, 2020) The United States of America (U.S.) and Singapore have signed a Memorandum of Understanding (MOU) to deepen economic cooperation and extend trade financing and investment support to companies in Singapore and the U.S. The MOU was signed by U.S. Secretary of Commerce Wilbur Ross and Singapore Minister for Trade and Industry Chan Chun Sing. “The U.S. and Singapore have enjoyed more than fifty years of official partnership since we established diplomatic ties in 1966,” said Secretary Ross. “This MOU will help Singapore importers finance the purchase of U.S. exports and support Singapore investors looking at opportunities in the U.S.” Singapore’s Minister for T...
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  • Federal Trade Commission Releases Agenda for Franchise Rule Virtual Workshop

    Federal Trade Commission Releases Agenda for Franchise Rule Virtual Workshop

    Federal Trade Commission Releases Agenda for Franchise Rule Virtual Workshop| site |



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

    The Federal Trade Commission has released the agenda for the Franchise Rule virtual workshop on November 10.

    The event will explore a number of issues related to the Franchise Rule, and the comments received in response to the FTC’s request for comment about the Rule last year. The Rule is designed to ensure that consumers who are considering buying a franchise have key information they need to weigh the risks and benefits of that potential investment. Andrew Smith, Director of the FTC’s Bureau of Consumer Protection, will give introductory remarks to kick off the event and will be followed by Congressman Kevin Hern of Oklahoma, who will give an opening address. The three panel discussion will focus on representations that franch
    ...
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  • FTC Issues Annual Report to Congress on Protecting Older Adults

    FTC Issues Annual Report to Congress on Protecting Older Adults

    Federal Trade Commission Issues Annual Report to Congress on Protecting Older Adults| site |



    (October 19, 2020) - - Today, October 19, 2020, the Federal Trade Commission (FTC) published the following information:

    The Federal Trade Commission’s annual report to Congress on protecting older adults, issued today, provides a detailed look at the scams that most often affect adults over 60, as well as the FTC’s research, law enforcement, and education efforts aimed at protecting older consumers—a top priority for the agency.

    As part of the FTC’s efforts to understand how fraud is affecting older adults, the report, Protecting Older Consumers 2019-2020: A Report of the Federal Trade Commission, includes analysis of FTC consumer complaint data. In 2019, as in prior years, older adults (aged 60 and older) were less likely than younger adults (aged 20 to 59) to report losing money to fraud, but reported much higher individual dollar losses. In
    ...
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  • Staff Reporter 1
    Lina Khan Sworn in as Chair of the Federal Trade Commission
    by Staff Reporter 1
    Lina Khan Sworn in as Chair of the Federal Trade Commission | site |



    (Information contained in Federal Trade Commission [FTC] press release dated: June 15, 2021)

    Lina Khan was sworn in today as Chair of the Federal Trade Commission. President Biden named Khan, a Democrat, to a term on the Commission that expires September 25, 2024, and designated her as Chair. Khan was confirmed by the U.S. Senate on June 15, 2021. “It is a tremendous honor to have been selected by President Biden to lead the Federal Trade Commission,” said Chair Khan. “I look forward to working with my colleagues to protect the public from corporate abuse. I’m very grateful to Acting Chairwoman Slaughter for her outstanding stewardship of the Commission." Prior to becoming Chair of the FTC, Khan was an Associate Professor of Law at Columbia Law School. She also previously served as counsel to the U.S. House Judiciary Committee’s Subcommit...
    06-23-2021, 12:35 PM
  • Staff Reporter 1
    FTC Sends More Than 172 Million Dollars in Refunds to Consumers allegedly Misled by Rent-To-Own Provider Progressive Leasing
    by Staff Reporter 1
    Federal Trade Commission Sends More Than $172 Million in Refunds to Consumers allegedly Misled by Rent-To-Own Provider Progressive Leasing | site |



    FTC says more than two million consumers will receive refunds from FTC case alleging false promises of “same as cash” payment plans


    (Information contained in Federal Trade Commission [FTC] press release dated: June 7, 2021) The Federal Trade Commission is returning more than $172 million to consumers who overpaid for merchandise they purchased using rent-to-own plans provided by Progressive Leasing. More than two million consumers will receive refund checks. The FTC’s complaint against the company, filed in April 2020, alleged that Progressive misled consumers about the true price of items purchased through its plans. Consumers who visited retailers to buy items such as furniture, jewelry, or cellphones frequently were told that Progressive’s payment plans were “same as cash” or “no int...
    06-10-2021, 06:01 AM
  • Staff Reporter 1
    FTC Returns Nearly 60 Million Dollars to Those Suffering from Opioid Addiction Who Were Allegedly Overcharged in Suboxone Film Scheme
    by Staff Reporter 1
    Federal Trade Commission Returns Nearly $60 Million to Those Suffering from Opioid Addiction Who Were Allegedly Overcharged in Suboxone Film Scheme| site |



    FTC says funds for these payments come from the FTC’s settlements with Reckitt Benckiser Group and Indivior, Inc. who took advantage of their unique market position to scare consumers away from generic Suboxone tablets


    (Information contained in Federal Trade Commission [FTC] press release dated: May 10, 2021)

    The Federal Trade Commission is sending 51,875 payments totaling more than $59 million to consumers who were victims of an allegedly deceptive scheme by Reckitt Benckiser Group and Indivior, Inc. to thwart lower-priced generic competition with the branded drug Suboxone. The average payment

    Courtesy: Federal Trade Commission
    amount is $1,139. The payments will be mailed...
    05-14-2021, 09:26 AM
  • Staff Reporter 1
    FTC, CFPB Send Notice Letters to Landlords Regarding Pandemic Eviction Moratorium
    by Staff Reporter 1
    Federal Trade Commission and the Consumer Financial Protection Bureau Send Notice Letters to Landlords Regarding Pandemic Eviction Moratorium | site |


    Letters remind landlords of their obligations as part of the CDC’s moratorium


    (Information contained in Federal Trade Commission [FTC] press release dated: May 3, 2021)

    The acting heads of the Federal Trade Commission and Consumer Financial Protection Bureau (CFPB) have sent joint notification letters to the nation’s largest apartment landlords, which collectively own more than 2 million units, reminding them of their obligations under the ongoing national eviction moratorium put in place as a result of the ongoing COVID-19 pandemic. The moratorium, which was recently extended by the Centers for Disease Control and Prevention (CDC) until June 30, 2021, prohibits evictions in certain circumstances in order to keep people in their homes and prevent the spread of the disease
    ...
    05-07-2021, 04:28 AM
  • Staff Reporter 1
    Statement on Change to Definition of ‘Agricultural Products’ in Reporting Trade Data
    by Staff Reporter 1
    Statement on Change to Definition of ‘Agricultural Products’ in Reporting Trade Data | site |




    (Information contained in U.S. Department of Agriculture [USDA] press release dated: February 19, 2021)


    Washington, Feb. 19, 2021 - - USDA and the Department of Commerce decided in December 2020 to change the way they define “agricultural products” when reporting international trade data.

    Beginning with the release of the January 2021 monthly trade data on March 5, USDA will adopt the World Trade Organization’s (WTO) internationally recognized definition of “agricultural products,” which includes ethanol, distilled spirits and manufactured tobacco products, three product groups not included in the current USDA definition.

    The change was first announced by Commerce in the Monthly U.S. International Trade in Goods and Services report released on Feb. 5th. The change is meant to harmonize U.S. trade reporting practices with those
    ...
    02-25-2021, 07:53 AM

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