The Federal Trade Commission testified before Congress for the third time in as many days today, emphasizing the agency’s ongoing efforts to promote data security, and reiterating its unanimous support for enactment of a strong federal data security and breach notification law. Testifying on behalf of the Commission before the House Energy and Commerce Committee’s […]
Monthly Archives: February 2014
Marketer Settles FTC Charges He Sent Millions of Deceptive, Unwanted Text Messages
An affiliate marketer has agreed to settle Federal Trade Commission charges that he was responsible for sending millions of unwanted text messages to consumers that deceptively promised “free” gift cards and electronics. The marketer, Jason Q. Cruz of West Bend, Wisc., was a subject in a series of FTC complaints targeting the senders of deceptive […]
Testifying Before the Senate Judiciary Committee, FTC Reiterates its Support for Data Security Legislation
The Federal Trade Commission testified before Congress today on the agency’s ongoing efforts to promote data security, and reiterated its support for enactment of a strong federal data security and breach notification law. Testifying on behalf of the Commission before the Senate Judiciary Committee, FTC Chairwoman Edith Ramirez outlined the agency’s efforts to promote data […]
FTC Approves Final Order Preserving Supermarket Competition in Two Texas Cities
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that AB Acquisition, LLC’s purchase of United Supermarkets L.L.C. would be anticompetitive in two local areas of Texas. AB Acquisition LLC is the parent company of Albertson’s LLC, which operates 606 grocery stores nationwide, primarily in the southern and […]
Recordkeeping and Confirmation Requirements for Securities Transactions
FIL-7-2014 February 04, 2014 Recordkeeping and Confirmation Requirements for Securities Transactions Summary: On December 10, 2013, the FDIC approved a Final Rule amending 12 C.F.R. Part 344 to establish uniform recordkeeping and confirmation requirements for all FDIC-supervised institutions. The Final Rule also increased the threshold for certain recordkeeping requirements, lessening industry burden. Statement of […]
FTC Testifies on Data Security before Senate Banking Subcommittee
In testimony before a U.S. Senate Banking subcommittee, the Federal Trade Commission updated Congress on the agency’s ongoing efforts to promote data security through civil law enforcement, education, and policy initiatives. Testifying on behalf of the Commission before the Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on National Security and International Trade and […]
How to Submit Your Questions Online During FTC’s Biosimilars Workshop
The Federal Trade Commission is hosting a workshop on competition issues surrounding biologics and follow-on biologic medicines on Feb. 4, 2014, in Washington, DC, and invites live webcast viewers to submit questions to moderators online. Staff will live-tweet the workshop, and take questions via Twitter, Facebook, and email. Biologic medicines comprise the fastest-growing sector of […]