FTC Seeks Public Comment on Dow Chemicals Application to Modify Terms of its 2009 Settlement Regarding Dows Acquisition of Rohm & Haas

The Federal Trade Commission is seeking public comment on an application by the Dow Chemical Company to modify the terms of a settlement it reached with the FTC in 2009. The settlement resolved the agency’s concerns about how Dow’s acquisition of Rohm and Haas Company would affect competition in the markets for acrylics and other […]

FTC Mails Redress Checks to Victims of Foreclosure Rescue Scam

An administrator working for the Federal Trade Commission is mailing 1,455 refund checks to consumers defrauded by a mortgage loan modification and foreclosure rescue scam. The FTC alleged, and the court found, that operators of the scam falsely told consumers they would prevent their homes from being foreclosed and negotiate lower mortgage interest rates, monthly […]

FTC Announces Major Law Enforcement Sweep; Swindlers Conned People Seeking Jobs or Extra Income

Media Advisory February 28, 2011 The Federal Trade Commission will host a press conference in Washington, DC, on Wednesday, March 2, 2011, at 11 a.m. EST to announce a major federal-state law enforcement crackdown on swindlers whose bogus employment schemes cheat financially distressed Americans. David C. Vladeck, Director of the FTC’s Bureau of Consumer Protection […]

FTC Seeks Public Comment on Dow Chemical Application to Amend Agreement with Huntsman Related to Union Carbide Acquisition

The Federal Trade Commission is seeking public comment on an application by the Dow Chemical Company to amend an agreement related to its 2001 acquisition of Union Carbide Corporation. The settlement in this matter, which was designed to remedy the alleged anticompetitive effects of the deal, included the Huntsman Agreement, under which Dow agreed to […]

FTC Asks Court to Shut Down Text Messaging Spammer

The Federal Trade Commission asked a federal judge to shut down an operation that allegedly blasted consumers with millions of illegal spam text messages, including many messages that deceptively advertised a mortgage modification website called “Loanmod-gov.net.” The FTC is asking the court to freeze the defendant’s assets. According to the FTC complaint, the defendant behind […]

FTC Submits Fiscal Year 2012 Budget Request and Performance Plans to Congress

For Your Information February 18, 2011 The Federal Trade Commission submitted its Fiscal Year 2012 budget request to Congress, including an FY 2012 Budget Overview Statement, and FY 2011 and FY 2012 Performance Plans that are required under the Government Performance and Results Act. The FTC’s formal budget request was submitted to Congress on February […]

FTC Recovers More Than $3 Million from Operators of DVD Vending Machine Scam

The Federal Trade Commission has recovered more than $3 million that will be refunded to investors who were duped in an alleged scam that promoted video rental machines as a business opportunity. The FTC’s law enforcement action against American Entertainment Distributors, Inc., was filed in 2005, naming 10 defendants. The U.S. District Court for the […]

FTC Sends Refund Claim Forms to Nearly 12,000 Victims of Auto Warranty Robocaller

An administrator working for the Federal Trade Commission began mailing claim forms today to 11,780 people defrauded by illegal auto “warranty” robocalls made by Voice Touch, Inc., and its related individuals and entities. The Federal Trade Commission alleged that Transcontinental Warranty, Inc., the company selling the so-called warranties, hired Voice Touch to bombard U.S. consumers […]

FTC Commissioners Send Letter to House Transportation Committee on Legislative Action to Transfer FTC Building to National Gallery of Art

The five Commissioners of the Federal Trade Commission sent the following letter to members of the House Transportation and Infrastructure Committee in response to legislative action by the Committee to transfer the historic FTC Building to the National Gallery of Art. The Honorable John L. MicaChairmanCommittee on Transportation and InfrastructureUnited States House of RepresentativesWashington, D.C. […]

FTC Approves FY 2010 HSR Premerger Notification Report Showing 63 Percent Increase in Filings Compared to FY 2009; FTC Approves Final Order Settling Charges that Keystone’s $245 Million Purchase of Compagnie de Saint-Gobain was Anticompetitive

FTC Approves FY 2010 HSR Premerger Notification Report Showing 63 Percent Increase in Filings Compared to FY 2009 The Federal Trade Commission, with the concurrence of the Department of Justice’s Assistant Attorney General for Antitrust, released the agencies’ fiscal year 2010 report on their review of mergers under the Hart-Scott-Rodino Premerger Notification Program. The report […]