FIL-12-2014 April 4, 2014 Regulatory Relief Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Washington State Affected by Flooding and Mudslides Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in areas of Washington state affected by flooding and […]
Monthly Archives: April 2014
FTC Obtains more than $3.3 Million for Consumers; Defendants Agree to Be Permanently Banned from the Debt Collection Business
The two principal owners of Rincon Debt Management, Jason R. Begley and Wayne W. Lunsford, will surrender more than $3.3 million worth of assets that will be used to provide refunds to victims, under a settlement with the Federal Trade Commission. The two defendants also are permanently banned from the debt collection business. Litigation continues […]
FTC Approves Final Order Settling Charges that Thermo Fisher’s Acquisition of Life Technologies Corporation Was Anticompetitive
Following a public comment period, the Federal Trade Commission has approved a final consent order settling charges that Thermo Fisher Scientific Inc.’s acquisition of Life Technologies Corporation was likely to lessen competition. The FTC’s January 2014 complaint alleges that the transaction, would have eliminated close competition between Thermo Fisher and Life Technologies and substantially increased […]
FTC Updates Energy Labeling Rule To Reflect Energy Department TV Testing Procedure
The Federal Trade Commission is issuing final amendments to its Energy Labeling Rule so that its television testing and reporting requirements conform to a new Department of Energy (DOE) test procedure. The final amendments replace the Rule’s reference to the Environmental Protection Agency’s ENERGY STAR test with the new DOE test. The Energy Labeling Rule […]
FTC Approves Nielsen Holdings N.V. and Nielsen Audio, Inc.’s Application to Sell its LinkMeter Technology and Related Assets to comScore, Inc.
Following a public comment period, the Federal Trade Commission has approved an application by Nielsen Holdings N.V. and Nielsen Audio, Inc. (collectively, Nielsen) to sell its LinkMeter cross-platform audience measuring services to comScore, Inc., and to enter other arrangements supporting the divestiture. The divesture is required under the FTC order settling charges that Nielsen’s acquisition […]
FTC Testifies on Data Security Before Senate Homeland Security and Governmental Affairs Committee
In testimony before Congress today, the Federal Trade Commission provided an update on its efforts to protect consumers’ privacy in the face of growing data breaches and renewed its call for data security legislation. Testifying on behalf of the Commission before the Senate Committee on Homeland Security and Governmental Affairs, Chairwoman Edith Ramirez told lawmakers […]
Distributed Denial of Service (DDoS) Attacks
FIL-11-2014 April 2, 2014 Distributed Denial of Service (DDoS) Attacks Printable Format: FIL-11-2014 – PDF (PDF Help) Summary: The FDIC, as a member of the Federal Financial Institutions Examination Council (FFIEC), has issued the attached statement to notify institutions of the risks associated with the continued distributed denial of service (DDoS) attacks on public-facing Web […]
ATM and Card Authorization Systems
FIL-10-2014 April 2, 2014 ATM and Card Authorization Systems Printable Format: FIL-10-2014 – PDF (PDF Help) Summary: The FDIC, as a member of the Federal Financial Institutions Examination Council (FFIEC), is issuing the attached statement describing risks related to recent cyber-attacks on automated teller machines (ATMs) and card authorization systems that have resulted in large […]
FTC Warns Consumers: Beware of Washington Mudslide Charity Scams
In the wake of the deadly mudslide in Washington State, the Federal Trade Commission, the nation’s consumer protection agency, reminds consumers that scams often follow disasters. If you’re asked to make a charitable donation to help people in disaster-affected areas, before you give, be sure your donations are going to a reputable organization that will […]