Chairman Jon Leibowitz joined Maureen K. Ohlhausen at the Federal Trade Commission today, as she was sworn in as the agency’s newest commissioner. President Obama named Ohlhausen, a Republican, to a term that ends on September 25, 2018. She was unanimously confirmed by the U.S. Senate on March 29, 2012. “We are very pleased to […]
Monthly Archives: April 2012
FTC Approves Final Order Settling Charges With Upromise
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Upromise, Inc., a membership reward service aimed at consumers trying to save money for college used a web-browser toolbar to collect consumers’ personal information without adequately disclosing the extent of the information it was collecting. The settlement order […]
FTC Charges Payday Lending Scheme with Piling Inflated Fees on Borrowers and Making Unlawful Threats when Collecting
The Federal Trade Commission has taken action against a payday lending operation that allegedly piled on undisclosed and inflated fees, and collected on loans illegally by threatening borrowers with arrest and lawsuits. The FTC has asked a federal court to stop the allegedly illegal business tactics while the agency pursues its case against the defendants. […]
FTC Case Against Deceptive Robocallers Leads to Record $30 Million in Civil Penalties
In response to charges by the Federal Trade Commission, a federal judge has ordered the defendants behind a deceptive robocall scheme to pay a total of $30 million in civil penalties and give up more than $1.1 million in ill-gotten gains for violations of the FTC Act and the Telemarketing Sales Rule. The court order […]
FTC Closes Eight-Month Investigation of Express Scripts, Inc.’s Proposed Acquisition of Pharmacy Benefits Manager Medco Health Solutions, Inc.
The Federal Trade Commission has closed its investigation of the proposed acquisition of pharmacy benefits manager Medco Health Solutions, Inc. by Express Scripts, Inc. Express Scripts, headquartered in St. Louis, Missouri, and Medco, headquartered in Franklin Lakes, New Jersey, are two of the largest PBMs in the United States. Under an agreement dated July 20, […]