FTC Approves Final Settlement Order with Dave & Busters Following a public comment period, the Federal Trade Commission has approved a final settlement order with entertainment operation Dave & Busters. The final order settles charges that the company failed to secure customers’ sensitive credit and debit card information, resulting in several hundred thousand dollars in […]
Monthly Archives: June 2010
The Heat is On: Settlement Bars Firm and its President from Exaggerating the Properties of Their Insulation Additive
The manufacturer of a home insulation chemical additive and the firm’s president have agreed to stop exaggerating the capabilities of their product as part of a settlement with the Federal Trade Commission, the latest action the FTC has taken to make sure consumers get accurate information to help them save energy and lower their utility […]
Federal Trade Commission to Announce Major Robocall Enforcement Cases
The Federal Trade Commission’s Midwest Region will hold a press conference on Thursday, June 10, 2010, at 10:00 a.m. (Central) in Chicago, Illinois, to announce major law enforcement actions against companies that made millions of illegal pre-recorded telemarketing calls, or robocalls, to consumers nationwide. The actions are part of the FTC’s campaign to stop illegal […]
Countrywide Will Pay $108 Million for Overcharging Struggling Homeowners; Loan Servicer Inflated Fees, Mishandled Loans of Borrowers in Bankruptcy
Two Countrywide mortgage servicing companies will pay $108 million to settle Federal Trade Commission charges that they collected excessive fees from cash-strapped borrowers who were struggling to keep their homes. The $108 million represents one of the largest judgments imposed in an FTC case, and the largest mortgage servicing case. It will be used to […]
FTC Distributes Refunds to Consumers Who Bought Unproven Cold and Flu Remedies from Rite Aid Corporation
The Federal Trade Commission distributed more than 2,335 refund checks today to consumers who purchased “Rite Aid Germ Defense” tablets and lozenges believing that they would prevent and treat colds and the flu or reduce the severity and duration of these illnesses. The FTC charged Rite Aid and its supplier with false and deceptive advertising […]
Nationwide Mortgage Company That Overcharged Homeowners Settles FTC Charges
Media Advisory June 4, 2010 The Federal Trade Commission will host a press conference in Washington, DC, on Monday, June 7, 2010, at 11 a.m. to announce a major law enforcement action against a nationwide mortgage company that misled and overcharged homeowners in financial distress. Federal Trade Commission Chairman Jon Leibowitz and U.S. Trustee Program […]
FTC Corrects Misinformation on Journalism Workshops and “Discussion Draft”: Ideas are Compilation, not Recommendations from Agency
The Federal Trade Commission has hosted a series of workshops on the Future of Journalism: “How Will Journalism Survive the Internet Age?” Panelists have represented a wide range of views from bloggers such as Search Engine Land and BlogHer to online publishers like ProPublica and the New Haven Independent and traditional media companies such as […]
FTC Investigation of Ad Claims that Rice Krispies Benefits Children’s Immunity Leads to Stronger Order Against Kellogg
Leading cereal maker Kellogg Company has agreed to new advertising restrictions to resolve a Federal Trade Commission investigation into questionable immunity-related claims for Rice Krispies cereal. This is the second time in the last year that the FTC has taken action against the company. “We expect more from a great American company than making dubious […]
Spyware Seller Settles FTC Charges; Order Bars Marketing of Keylogger Software for Illegal Uses
The Federal Trade Commission has put the brakes on the business practices of an operation that was selling spyware and showing customers how to remotely install it on other people’s computers without their knowledge or consent. The FTC is announcing a settlement that bars the sellers of the “RemoteSpy” keylogger from advertising that the spyware […]
FTC Broadens Case Against Mortgage Relief Scheme; Charges That Forensic Audits Were Unlikely to Help Homeowners
The Federal Trade Commission has named several new defendants and added new charges concerning so-called “forensic audits” to its lawsuit against an operation that allegedly bilked homeowners who were trying to lower their mortgage payments. The action is part of an ongoing crackdown on scams that target consumers who are behind in their mortgage payments […]