Issuance of letter regarding motion divestiture time period extension –– The Commission has approved issuance of a letter responding to a motion by Service Corporation International (SCI) in which SCI sought to extend the time allowed to divest several assets obtained through its 2006 acquisition of Alderwoods. On July 3, 2007, SCI filed its final […]
Monthly Archives: May 2008
Scorpio Telemarketers Stung with Court Order for Do Not Call Violations
Under the terms of a court order announced by the Federal Trade Commission today, two individuals and one corporate defendant have been barred from violating the agency’s Telemarketing Sales Rule (TSR) and its Do Not Call (DNC) provisions arising from a telemarketing scheme designed to sell mortgage loans, refinancing services, and other products to U.S. […]
FTC Challenges Agriums Proposed Acquisition of UAP Holding Corporation
The Federal Trade Commission today issued a complaint charging that Agrium, Inc.’s (Agrium) proposed $2.65 billion acquisition of UAP Holding Corporation (UAP) would be anticompetitive and in violation of federal antitrust laws. The FTC contends the deal would reduce competition in the market for the retail sale of bulk fertilizer and farm stores in several […]
FTC to Host Town Hall Meeting to Explore the Mobile Marketplace Issues
Media Advisory May 2, 2008 WHAT: Two-day Town Hall meeting to explore the evolving mobile commerce marketplace and its implications for consumer protection policy. Industry experts, academics, consumer advocates, privacy professionals and government analysts will discuss topics such as the use of text messaging and related messaging services as instruments of commerce; consumers’ ability […]
FTC Approves Letter to Freddie Mac on its Proposed Settlement with New York Attorney General and the Home Valuation Code of Conduct
The Federal Trade Commission has approved a staff letter to the Federal Home Loan Mortgage Corporation (“Freddie Mac”) on its proposed settlement agreement with the New York Attorney General and the related Home Valuation Code of Conduct. On March 3, 2008, the New York Attorney General announced settlement agreements with Freddie Mac, the Federal National […]
FTC Seeks Public Comment on Rulemaking to Prohibit Market Manipulation in the Petroleum Industry
Exercising the authority provided by Congress under the Energy Independence and Security Act of 2007 (EISA), the Federal Trade Commission today announced the approval of an Advance Notice of Proposed Rulemaking (ANPR) to solicit public comments on the appropriate way to interpret and enforce the EISA’s provisions related to preventing market manipulation in the petroleum […]
Court Orders Cross-Border Telemarketers to Pay Nearly $5 Million
At the request of the Federal Trade Commission, the U.S. District Court for the Northern District of Illinois has entered a final order and default judgment against a group of individual and corporate defendants based in Ontario, Canada, for their role in a cross-border telemarketing scheme that cost U.S. consumers millions of dollars. Under the […]