Following a public comment period, the Commission has approved a final consent order in the matter of Premier Capital Lending, Inc. The vote approving the final order was 4-0. (FTC File No. 072-3004; the staff contact is Jessica Rich, Bureau of Consumer Protection, 202-326-2148; see press release dated November 6, 2008, at http://www.ftc.gov/opa/2008/11/pcl.shtm). Copies of […]
Monthly Archives: December 2008
FTC Sues Ovation Pharmaceuticals for Illegally Acquiring Drug Used to Treat Premature Babies with Life-Threatening Heart Condition
The Federal Trade Commission today filed a complaint in federal district court challenging Ovation Pharmaceuticals, Inc.’s January 2006 acquisition of the drug NeoProfen, which eliminated its only competitor for the treatment of a serious and potentially deadly congenital heart defect affecting more than 30,000 babies born prematurely each year in the United States. When it […]
FTC Sues Ovation Pharmaceuticals for Illegally Acquiring Drug Used to Treat Premature Babies with Life-Threatening Heart Condition
The Federal Trade Commission today filed a complaint in federal district court challenging Ovation Pharmaceuticals, Inc.’s January 2006 acquisition of the drug NeoProfen, which eliminated its only competitor for the treatment of a serious and potentially deadly congenital heart defect affecting more than 30,000 babies born prematurely each year in the United States. When it […]
Policy Planning Director Maureen Ohlhausen To Leave FTC; James Cooper Named Acting Director
Federal Trade Commission Chairman William E. Kovacic announced today that Maureen Ohlhausen, Director of the agency’s Office of Policy Planning for the past four years, will leave the agency, and that James Cooper, currently the Deputy Director, has been named Acting Director. “For over a decade, Maureen has served this agency brilliantly,” Chairman Kovacic said. […]
Policy Planning Director Maureen Ohlhausen To Leave FTC; James Cooper Named Acting Director
Federal Trade Commission Chairman William E. Kovacic announced today that Maureen Ohlhausen, Director of the agency’s Office of Policy Planning for the past four years, will leave the agency, and that James Cooper, currently the Deputy Director, has been named Acting Director. “For over a decade, Maureen has served this agency brilliantly,” Chairman Kovacic said. […]
Mortgage Lender Agrees to Settle FTC Charges That It Charged African-Americans and Hispanics Higher Prices for Loans
A home mortgage lender has agreed to settle Federal Trade Commission allegations that it violated federal law by charging African-American and Hispanic consumers higher prices for mortgage loans than non-Hispanic white consumers – price disparities that cannot be explained by the applicants’ credit characteristics or underwriting risk. According to the FTC’s complaint, Gateway Funding Diversified […]
Mortgage Lender Agrees to Settle FTC Charges That It Charged African-Americans and Hispanics Higher Prices for Loans
A home mortgage lender has agreed to settle Federal Trade Commission allegations that it violated federal law by charging African-American and Hispanic consumers higher prices for mortgage loans than non-Hispanic white consumers – price disparities that cannot be explained by the applicants’ credit characteristics or underwriting risk. According to the FTC’s complaint, Gateway Funding Diversified […]
FTC Approves Federal Register Notice Announcing Increase in the Ceiling on Allowable Charges Required By Section 612(f) of the Fair Credit Reporting Act
The Federal Trade Commission has approved the publication of a Federal Register notice announcing that the ceiling on allowable charges under Section 612(f) of the Fair Credit Reporting Act (FCRA) will increase from $10.50 to $11.00, effective January 1, 2009. Under 1996 amendments to the FCRA, the FTC is required to revise the ceiling each […]
ESL Partners and ZAM Holdings Agree to Pay $800,000 in Civil Penalties for Premerger Filing Violations
The Federal Trade Commission today announced the filing of a complaint in federal district court charging two investment funds, ESL Partners, L.P. and ZAM Holdings, L.P., with violating federal law by failing to make timely filings with the government prior to acquiring blocks of AutoZone, Inc. shares in September and October of 2004. To settle […]
ESL Partners and ZAM Holdings Agree to Pay $800,000 in Civil Penalties for Premerger Filing Violations
The Federal Trade Commission today announced the filing of a complaint in federal district court charging two investment funds, ESL Partners, L.P. and ZAM Holdings, L.P., with violating federal law by failing to make timely filings with the government prior to acquiring blocks of AutoZone, Inc. shares in September and October of 2004. To settle […]