The Federal Trade Commission’s newest education campaign, Pass It On, encourages older adults to help raise awareness about fraud by talking to their family, friends, and neighbors about avoiding common scams. Pass it On resources take a new approach to current consumer protection issues that affect all consumers, including identity theft, paying too much for […]
Monthly Archives: September 2014
Liquidity Coverage Ratio:
FIL-46-2014 September 9, 2014 Liquidity Coverage Ratio: Final Rule Summary: The Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve System (the agencies) are issuing a final rule that implements a quantitative liquidity requirement consistent with the liquidity coverage ratio (LCR) established […]
Green Coffee Bean Manufacturer Settles FTC Charges of Pushing its Product Based on Results of “Seriously Flawed” Weight-Loss Study
A Texas-based company, Applied Food Sciences, Inc. (AFS), has settled Federal Trade Commission charges that it used the results of a flawed study to make baseless weight-loss claims about its green coffee extract to retailers, who repeated those claims in marketing finished products to consumers. The FTC complaint alleges the study was so hopelessly flawed […]
Judge Issues Order to Jail Two Dietary Supplement Sellers for Contempt
A federal district judge in Atlanta has issued an order finding that two dietary supplement marketers failed to comply with a previous court order that required them to recall purported weight-loss products that they deceptively pitched to consumers. The current order, issued on September 2, requires Jared Wheat and Stephen Smith to be jailed until […]
FTC Sues Pharmaceutical Companies for Illegally Blocking Consumer Access to Lower-Cost Versions of the Blockbuster Drug AndroGel
Note: A conference call for media with FTC Chairwoman Edith Ramirez will occur as follows: Date: Sept. 8, 2014Time: 1:00 p.m. ET Call-in lines, which are for media only, will open 15 minutes prior to the start of the call. Chairwoman Ramirez and FTC staff will be available to take questions from the media about […]
In Phoebe Putney Hospital Merger Case, FTC Rejects Proposed Consent Agreement; Parties to Return to Litigation
The Federal Trade Commission rejected a proposed settlement agreement with Phoebe Putney Health System, Inc., and returned the matter to administrative court to assess whether Phoebe’s 2011 merger with rival hospital Palmyra Park Hospital, Inc. in Albany, Georgia violated the antitrust laws. “We’ve argued all along that this merger would create a monopoly in Albany […]
FTC Approves Sales of Airport Car Rental Assets in Portland, Oregon and San Jose, California
Following a public comment period, the Federal Trade Commission has approved an application submitted by Franchise Services of North America, Inc. (FSNA) to sell two former Advantage Rent A Car airport rental car concessions, neither of which is currently operating. FSNA will sell assets located in Portland, Oregon to Avis Budget Group, and assets located […]
FTC Approves Final Order Preserving Competition in Four Generic Drug Markets
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Actavis plc’s acquisition of Forest Laboratories, Inc. would likely be anticompetitive. Under the order, first announced in June 2014, the companies have agreed to relinquish their current rights to market generic diltiazem hydrochloride extended release capsules (AB4), which […]
Google to Refund Consumers at Least $19 Million to Settle FTC Complaint It Unlawfully Billed Parents for Children’s Unauthorized In-App Charges
Note: A conference call for media with FTC Chairwoman Edith Ramirez will occur as follows: Date: Sept. 4, 2014Time: 1:30 p.m. ETCall-in lines, which are for media only, will open 15 minutes prior to the start of the call. Chairwoman Ramirez and FTC staff will be available to take questions from the media about the […]
FTC Announces Agenda, Panelists for Upcoming Big Data Workshop
9:00 Opening Remarks Edith Ramirez, Chairwoman, Federal Trade Commission 9:15 Presentation: Framing the Conversation Solon Barocas, Postdoctoral Research Associate, Princeton University Center for Information Technology Policy 9:30 Panel 1: Assessing the Current Environment This panel will examine the current uses of big data in a variety of contexts and how these uses impact consumers. Kristin […]