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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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  • 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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  • Boeing CEO Statement on US-China Trade Deal

    Boeing CEO Statement on US-China Trade Deal

    Boeing CEO Statement on US-China Trade Deal| site |




    (January 15, 2020) - - Today, the Boeing Company published the following information:*

    Boeing has a long-standing partnership with China that spans nearly 50 years. We're proud that Boeing airplanes will continue to be a part of this valued relationship, one that has fueled aerospace innovation and sustained manufacturing jobs.

    Boeing applauds Presidents Trump and Xi as well as Vice Premier Liu, Secretary Mnuchin and Ambassador Lighthizer for their leadership in building a fair and mutually-beneficial trading relationship between the United States and China.


    *(The statement, referencing today's announcement of a US-China trade deal, was issued by Boeing President and CEO Dave Calhoun.)
    ...
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  • Federal Trade Commission Announces Panels for FTC-CFPB Workshop on Accuracy in Consumer Reporting

    Federal Trade Commission Announces Panels for FTC-CFPB Workshop on Accuracy in Consumer Reporting | site |




    (December 3, 2019) - - Today, the Federal Trade Commission (FTC) published the following information:

    The Federal Trade Commission announced the panels for its December 10, 2019 workshop, cohosted with the Consumer Financial Protection Bureau (CFPB), to examine issues affecting the accuracy of traditional credit reports as well as employment and tenant background screening reports.

    The December workshop seeks to bring together stakeholders—including industry representatives, consumer advocates, and regulators—for a wide-ranging public discussion on the changes in the landscape over recent years that may affect the accuracy of consumer reports, such as changes in legal requirements and technological developments.

    The workshop will include four panel discussions examining such issues as:
    • the current practices
    ...
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  • Federal Trade Commission Issues Annual Report on Ethanol Market Concentration for 2019

    Federal Trade Commission Issues Annual Report on Ethanol Market Concentration for 2019 | site |



    (November 25, 2019) - - Today, the Federal Trade Commission (FTC) published the following information:

    The Federal Trade Commission has issued its 2019 Report on Ethanol Market Concentration. The Energy Policy Act of 2005 directs the Commission to perform an annual review of market concentration in the ethanol production industry “to determine whether there is sufficient competition among industry participants to avoid price-setting and other anticompetitive behavior.” As in prior years, the 2019 report concludes that “[t]he low level of concentration and large number of market participants in the U.S. ethanol production industry continue to suggest that the exercise of market power to set prices, or coordination on price and output levels, is unlikely.” The Commission vote to approve the report was 4-0-1. Commissioner Christine S. Wilson did
    ...
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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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  • Federal Trade Commission Releases Advertising Disclosures Guidance for Online Influencers

    Federal Trade Commission Releases Advertising Disclosures Guidance for Online Influencers | site |



    New document, videos summarize how to ensure consumers are aware of advertising relationships



    (November 5, 2019) - - Today, the Federal Trade Commission (FTC) published the following information:

    The Federal Trade Commission has released a new publication for online influencers that lays out the agency’s rules of the road for when and how influencers must disclose sponsorships to their followers.

    The new guide, “Disclosures 101 for Social Media Influencers,” provides influencers with tips from FTC staff about what triggers the need for a disclosure and offers examples of both effective and ineffective disclosures. The guide and accompanying videos underscore that the responsibility to make disclosures about endorsements lies with the influencer. The guide outlines the various ways that an influencer’s relationshi
    ...
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  • HUD Secretary Carson asks the Federal Trade Commission to Investigate Websites Selling Assistance Animal Documentation

    HUD Secretary Carson asks the Federal Trade Commission to Investigate Websites Selling Assistance Animal Documentation | site |



    (November 8, 2019) - - Today, the U.S. Department of Housing and Urban Development published the following information: WASHINGTON – Recently, U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson wrote to Chairman of the U.S. Federal Trade Commission (FTC) Joseph J. Simons and Director of the Bureau of Consumer Protection Andrew Smith requesting that the FTC investigate certain websites that may be selling assistance animal documentation. “These certificates are not an acceptable substitute for authentic documentation provided by medical professionals when appropriate,” said Secretary Carson. “These websites that sell assistance animal certificates are often also misleading by implying that they are affiliated with the federal government. Nothing could be further from the truth. Their goal is to convin...
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  • Is it Truly Organic - - - The Federal Trade Commission Says No, Alleges Retailer Misled Consumers about Its Products

    Truly Organic? The Federal Trade Commission Says No, Alleges Retailer Misled Consumers about Its Products | site |

    Bath and beauty retailer to pay $1.76 million to settle Commission allegations



    (September 19, 2019) - - Today, the Federal Trade Commission (FTC) published the following information:

    Miami Beach-based retailer Truly Organic Inc. (Truly Organic) and its founder and CEO, Maxx Harley Appelman, will pay $1.76 million to settle a Federal Trade Commission complaint alleging that their nationally marketed bath and beauty products are neither “100% organic” nor “certified organic” by the U.S. Department of Agriculture (USDA).

    Truly Organic also advertises their products as vegan, even though certain products contain non-vegan ingredients like honey and lactose, according to the complaint. The court order resolving the FTC complaint bars the defendants from making similar deceptive advertising claims.
    ...
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  • Federal Trade Commission Seeks Comment on Proposed Rule Implementing Law Providing Free Credit Monitoring for Active Duty Military Consumers

    Federal Trade Commission Seeks Comment on Proposed Rule Implementing Law Providing Free Credit Monitoring for Active Duty Military Consumers



    (November 1, 2018) - - Today, the Federal Trade Commission published the following information:

    The Federal Trade Commission is seeking comment on a proposed rule to implement a 2018 law requiring the nationwide consumer reporting agencies to provide free electronic credit monitoring services for active duty military consumers.

    The Economic Growth, Regulatory Relief, and Consumer Protection Act, passed earlier this year, mandated that the FTC issue a rule regarding certain requirements of the law. The FTC’s Notice of Proposed Rulemaking (NPRM) proposes a rule that would require the nationwide consumer reporting agencies (CRAs) to provide a free electronic credit monitoring service that would notify active duty military members
    ...
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  • Federal Reserve Board Announces Approval of Application by Joint Stock Commercial Bank for Foreign Trade of Vietnam

    Federal Reserve Board Announces Approval of Application by Joint Stock Commercial Bank for Foreign Trade of Vietnam



    (October 29, 2018) - - The Federal Reserve Board today announced its approval of the application by Joint Stock Commercial Bank for Foreign Trade of Vietnam, Hanoi, Vietnam, to establish a representative office in New York, New York.

    The Board provided an Attachment detailing its order.




    Credit: Board of Governors of the Federal Reserve System
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  • Federal Trade Commission Announces Sessions on Consumer Privacy and Data Security As Part of its Hearings on Competition and Consumer Protection in the 21st Century

    Federal Trade Commission Announces Sessions on Consumer Privacy and Data Security As Part of its Hearings on Competition and Consumer Protection in the 21st Century



    (October 26, 2018) - - As part of its Hearings Initiative, the Federal Trade Commission will hold four days of hearings in December and February to examine the FTC’s authority to deter unfair and deceptive conduct in data security and privacy matters.

    The December hearings will focus on data security and will take place December 11-12, 2018 at the FTC Constitution Center Auditorium, 400 7th St., SW, Washington, DC. The hearings on consumer privacy will take place in the same venue on February 12-13, 2019.

    The data security hearings will include five panel discussions and additional discussion of research related to data breaches and data security threats. The first day’s panel discussions will examine
    ...
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  • Federal Trade Commission Gives Final Approval to Settlement with Uber

    Federal Trade Commission Gives Final Approval to Settlement with Uber




    (October 26, 2018) - - The Federal Trade Commission has given final approval to a settlement with Uber Technologies, Inc. over allegations that the ride-sharing company deceived consumers about its privacy and data security practices.

    In its complaint, the FTC alleged that Uber failed to monitor employee access to consumers’ personal information on an ongoing basis and to reasonably secure sensitive consumer data it stored in the cloud. As a result of its failure to take reasonable measures to secure both rider and driver data, the company suffered two breaches. The first breach occurred in or about May 2014 when an intruder gained access to personal information about Uber drivers. Uber suffered a second, larger breach of drivers’ and riders’ data in October-November 2016, and failed to disclose
    ...
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  • Federal Trade Commission Announces PrivacyCon 2019 and Calls for Presentations

    Federal Trade Commission Announces PrivacyCon 2019 and Calls for Presentations


    (October 24, 2018) - - As part of its efforts to address evolving privacy and data security challenges, the Federal Trade Commission (FTC) is announcing a call for presentations for its fourth annual PrivacyCon, to be held on June 27, 2019. PrivacyCon 2019 aims to bring together a diverse group of stakeholders, including researchers, academics, industry representatives, consumer advocates, and government regulators, to discuss the latest research and trends related to consumer privacy and data security. “The FTC’s annual PrivacyCon event seeks to spur new research on privacy and security issues,” said Andrew Smith, Director of the FTC’s Bureau of Consumer Protection. “It helps us keep our finger on the pulse of important developments in technology, economics, and consumer privacy so that we can ground our ...
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  • Staff Reporter 1
    Federal Trade Commission Releases Agenda for Franchise Rule Virtual Workshop
    by Staff Reporter 1
    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
    ...
    11-05-2020, 09:14 PM
  • Staff Reporter 1
    FTC Issues Annual Report to Congress on Protecting Older Adults
    by Staff Reporter 1
    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
    ...
    10-22-2020, 06:58 PM
  • 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
    Boeing CEO Statement on US-China Trade Deal
    by Staff Reporter 1
    Boeing CEO Statement on US-China Trade Deal| site |




    (January 15, 2020) - - Today, the Boeing Company published the following information:*

    Boeing has a long-standing partnership with China that spans nearly 50 years. We're proud that Boeing airplanes will continue to be a part of this valued relationship, one that has fueled aerospace innovation and sustained manufacturing jobs.

    Boeing applauds Presidents Trump and Xi as well as Vice Premier Liu, Secretary Mnuchin and Ambassador Lighthizer for their leadership in building a fair and mutually-beneficial trading relationship between the United States and China.


    *(The statement, referencing today's announcement of a US-China trade deal, was issued by Boeing President and CEO Dave Calhoun.)
    ...
    01-16-2020, 07:23 AM
  • Staff Reporter 1
    Federal Trade Commission Announces Panels for FTC-CFPB Workshop on Accuracy in Consumer Reporting
    by Staff Reporter 1
    Federal Trade Commission Announces Panels for FTC-CFPB Workshop on Accuracy in Consumer Reporting | site |




    (December 3, 2019) - - Today, the Federal Trade Commission (FTC) published the following information:

    The Federal Trade Commission announced the panels for its December 10, 2019 workshop, cohosted with the Consumer Financial Protection Bureau (CFPB), to examine issues affecting the accuracy of traditional credit reports as well as employment and tenant background screening reports.

    The December workshop seeks to bring together stakeholders—including industry representatives, consumer advocates, and regulators—for a wide-ranging public discussion on the changes in the landscape over recent years that may affect the accuracy of consumer reports, such as changes in legal requirements and technological developments.

    The workshop will include four panel discussions examining such issues as:
    • the current practices
    ...
    12-04-2019, 05:38 PM

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