In testimony before a U.S. House of Representatives subcommittee, the Federal Trade Commission explained how it protects consumers by applying well-established principles of competition to fast-changing technology markets. “Some have argued that there should be different rules for markets characterized by rapid technological development, but Congress drafted the antitrust laws in general terms to accommodate […]
Monthly Archives: September 2010
Deceptive ‘Credit Card’ Marketers Settle FTC Charges; Cards Were Good Only for Buying ‘Low Pay’ Catalog Merchandise at High Prices
As part of its ongoing efforts to stop deceptive marketing, the Federal Trade Commission halted an operation that deceived consumers into paying for bogus credit cards and charged them illegal fees. The marketers behind this operation agreed to a settlement that will halt their illegal tactics and provide money for consumer redress. The FTC reached […]
Dun & Bradstreet Settles FTC Charges that 2009 Acquisition was Anticompetitive
The Dun & Bradstreet Corporation will divest certain key assets as part of a settlement with the Federal Trade Commission that is designed to address the competitive harm caused by its acquisition of Quality Educational Data (QED), its nearest rival in the education marketing business. Prior to the acquisition, QED was a division of Scholastic, […]
FTC Staff Urges Texas Board of Veterinary Examiners Not to Adopt a Proposed Rule Restricting Competition; FTC Approves Final Order Settling Charges that Nufarm Limiteds Acquisition of A.H. Marks Holding Limited was Anticompetitive
FTC Staff Urges Texas Board of Veterinary Examiners Not to Adopt a Proposed Rule Restricting Competition Staff of the Federal Trade Commission have urged the Texas Board of Veterinary Examiners not to adopt a proposed rule that would restrict competition by prohibiting non-veterinarians from animal teeth floating – the practice of filing the outer contours […]
FTC Settlement Would Preserve Competition in Liquid Oxygen and Liquid Nitrogen Markets if Air Products Acquires Rival Airgas
Industrial gas supplier Air Products and Chemicals, Inc. has reached an agreement with the Federal Trade Commission that will require the company to sell certain liquid gas assets if it proceeds with its proposed hostile takeover of competitor Airgas, Inc. The proposed settlement agreement resolves FTC charges that Air Products’ proposed acquisition of Airgas would […]
FTC Sends Redress Checks to Victims of Remote Response; Bogus Advance-Fee Credit Card Operation Targeted Hispanic Consumers
Beginning today, a claims administrator working for the Federal Trade Commission will mail more than 22,000 checks to consumers who were victims of a deceptive telemarketing operation called Remote Response. The FTC charged that Remote Response ran ads on Telemundo, Telefutura, Galavision, and other Spanish-language television networks deceptively claiming to offer a pre-approved, guaranteed Amerikash […]
FTC, HHS Office of Inspector General, and Centers for Medicare & Medicaid Services Announce Workshop on Issues Related to Accountable Care Organizations
On October 5, 2010, the Federal Trade Commission will co-host a workshop on several issues associated with Accountable Care Organizations (ACOs), organizations authorized by the new Affordable Care Act that seek to deliver high-quality and efficient health care services to consumers. Joining the FTC in hosting the event are the Centers for Medicare & Medicaid […]
FTC Shines a Light on Company’s Deceptive Claims for its LED Bulbs
The Federal Trade Commission has sued a California-based light bulb manufacturer and its principals to stop them from misleading consumers by exaggerating the light output and life expectancy of its Light Emitting Diode (LED) bulbs. As part of the FTC’s continuing work to stop deceptive advertising, the agency filed a complaint charging that since 2008, […]
Its Time to Talk to Your Child About Underage Drinking
As kids across the nation return to school, the Federal Trade Commission is launching the 2010 “We Don’t Serve Teens” consumer education campaign, which warns of the hazards of underage drinking. The FTC and a coalition of private and other public groups are distributing education materials that combat illegal underage drinking. “The FTC believes […]
Payment Processing Company’s Former President Settles with FTC and Seven States; Company Debited More than $200 Million from Consumers’ Bank Accounts
The former president of a payment processing company has agreed to settle charges brought by the Federal Trade Commission and seven states for his role in an operation that allegedly debited more than $200 million in bogus charges from consumers’ bank accounts. Derrelle Janey was president of Your Money Access, LLC from 2003 to 2006. […]