FTC Proposes Changes to Update and Improve Credit Reporting Notices

The Federal Trade Commission is proposing revisions to the notices that consumer reporting agencies provide to consumers, and to users and furnishers of credit report information under the Fair Credit Reporting Act (FCRA). The FCRA requires the FTC to publish model notices for several forms that must be provided by consumer reporting agencies. The proposed […]

FTC Order Protects Consumers in U.S. Market for Eye Care Drug Used in Cataract Surgery

Novartis AG will be required to sell an injectable eye care drug used in cataract surgery as part of a settlement which resolves Federal Trade Commission charges that Novartis’s proposed acquisition of Alcon, Inc., would be anticompetitive. Novartis and Alcon are the only two U.S. providers of the class of drugs known as injectable miotics, […]

Commission Proposes Changes to Improve Premerger Notification Form; Commission Approves Carilion Clinics Application to Sell the Center for Advanced Imaging to InSight Health Corp.

Commission Proposes Changes to Improve Premerger Notification Form The Federal Trade Commission is proposing to modify the form that companies must file when seeking FTC or Department of Justice review of a proposed transaction under the Hart-Scott-Rodino Act. Companies must notify the agencies when their transactions meet the HSR filing thresholds. The form, which both […]

FTC Testifies About Ongoing Efforts to Protect Consumers from Deceptive Debt Relief Scams

The Federal Trade Commission today told the U.S. Senate Committee on Commerce, Science, and Transportation that the FTC has made it a top priority to protect financially distressed American consumers from deceptive debt relief schemes. With Americans continuing to feel the effects of the economic downturn, the FTC has stepped up efforts to stop fraudulent […]

FTC to Announce Action Against Internet Marketers of Acai Berry Weight-Loss Pills and “Colon Cleansers”

WHAT: The Federal Trade Commission will hold a press conference on Monday, August 16, 2010, at 10 a.m., to announce a lawsuit against a company that marketed acai berry weight-loss supplements and “colon cleansing” supplements by promising consumers “free” trials of the products. WHO: David C. Vladeck, Director, FTC’s Bureau of Consumer Protection Martin Elliott, […]

FTC, State Attorneys General, Insurance Commissioners Crack Down on Bogus “Medical Discount Plans” Peddled to the Uninsured, Uninsurable, and Unemployed

Operators charged with scamming people who did not have health insurance – the uninsured, the unemployed, and the uninsurable – have been targeted by a federal-state coalition of law enforcement agencies for fraudulently marketing “medical discount plans” as health insurance. The Federal Trade Commission and law enforcers in 24 states have filed a total of […]

FTC, States to Host Press Conference Announcing Law Enforcement Sweep Targeting Fraudulently Marketed Medical Discount Plans

Media Advisory August 9, 2010 WHAT: Forty-nine million Americans lack health insurance. The FTC and 20 state enforcement officials will announce a crackdown on the scammers who target the uninsured, the unemployed, and the uninsurable to peddle “medical discount plans” fraudulently marketed as health insurance. WHEN: 11 A.M., Wednesday, August 11, 2010 WHERE: Federal Trade […]

FTC Halts Cross Border Domain Name Registration Scam

The Federal Trade Commission has permanently halted the operations of Canadian con artists who allegedly posed as domain name registrars and convinced thousands of U.S. consumers, small businesses and non-profit organizations to pay bogus bills by leading them to believe they would lose their Web site addresses unless they paid. Settlement and default judgment orders […]

FTC Order Requires Tops Markets to Sell Seven Penn Traffic Supermarkets

The Federal Trade Commission today announced a settlement agreement with Tops Markets LLC that protects consumers from the potential anticompetitive effects of Tops’ recent acquisition of the bankrupt Penn Traffic Company supermarket chain. To settle FTC charges that the acquisition was anticompetitive in several areas of New York and Pennsylvania, Tops has agreed to sell […]

FTC Settles Charges of Anticompetitive Conduct Against Intel

The Federal Trade Commission approved a settlement with Intel Corp. that resolves charges the company illegally stifled competition in the market for computer chips. Intel has agreed to provisions that will open the door to renewed competition and prevent Intel from suppressing competition in the future. The settlement goes beyond the terms applied to Intel […]