Following a public comment period, the Federal Trade Commission approved final consent orders with two car title lenders that the FTC alleged failed to disclose important conditions and financing information about their title loans. Under the consent orders, First American Title Lending and Fast Cash Title Pawn are prohibited from failing to disclose all the […]
Monthly Archives: June 2015
FTC Announces Second Federal Register Notice for its Merger Remedy Study; OMB Clearance Requested
The Federal Trade Commission announced today that it is issuing a second Federal Register Notice for its proposal to study the effectiveness of the Commission’s orders in merger cases where it required a divestiture or other remedy and is seeking clearance from the Office of Management and Budget to conduct the study. The second FRN […]
Federal Appeals Court Rules in Favor of FTC: Pharmaceutical Industry Patent Rights Reportable under Hart Scott Rodino Act
Debbie Feinstein, the Director of the Federal Trade Commission’s Bureau of Competition, issued the following statement regarding yesterday’s decision by the U.S. Court of Appeals for the District of Columbia Circuit upholding a November 2013 FTC rulemaking that deems the transfers of pharmaceutical patent rights to be reportable assets under the Hart-Scott-Rodino Act – even […]
FTC Testifies Before Senate Special Committee on Aging Regarding Efforts to Combat Illegal Robocalls
The Federal Trade Commission highlighted to Congress its multi-faceted approach to protecting consumers from unwanted telemarketing calls and illegal robocalls (prerecorded phone messages) in testimony today before the U.S. Senate Special Committee on Aging. Testifying on behalf of the agency, Lois Greisman, Associate Director, FTC’s Division of Marketing Practices, said the Commission is using every […]
FTC Returns Money to Consumers in Mortgage Relief Scam
The Federal Trade Commission is mailing 2,653 checks totaling more than $467,000 to consumers who lost money to a scheme that charged large up-front fees for mortgage relief services that were not provided. The FTC won a court action against Jackson, Crowder & Associates and Crowder Law Group, in which the FTC alleged that the […]
FTC Staff Urges New York Legislature to Reconsider Proposed Legislation to Grant Antitrust Immunity to Certain Health Care Collaborations
Federal Trade Commission staff has submitted comments to New York Senator Michael H. Ranzenhofer and New York Assemblyman Thomas Abinanti regarding the possible effects of a legislative proposal on competition for health care services. The comment, submitted by staff of the FTC’s Office of Policy Planning, Bureau of Competition, Bureau of Economics, and Northeast Regional […]
FTC Requests Public Comment on Application from ZF Friedrichshafen AG and TRW Automotive Holdings Corp. to Approve Divestiture of TRW’s Linkage and Suspension Business in North America and Europe
The Federal Trade Commission is currently accepting public comments on an application by ZF Friedrichshafen AG and TRW Automotive Holdings Corp. to sell TRW’s North American and European linkage and suspension business for heavy and light vehicles to the Tokyo-based global machine component manufacturer THK Co., Ltd. The divestiture is required by the FTC’s May […]
FTC Announces Final Agenda, Panelists for June 9 Sharing Economy Workshop
The Federal Trade Commission has announced the final agenda for its upcoming workshop examining issues raised by the proliferation of internet peer-to-peer business platforms, often referred to as the sharing economy. The event will examine how these new business platforms may affect competition and consumers and explore how effectively existing regulatory frameworks can respond to […]
Federal Trade Commission and Office of New York State Attorney General Announce Speakers for Debt Collection Dialogue in Buffalo
The Federal Trade Commission and the Office of the New York State Attorney General have announced the speakers for the “Debt Collection Dialogue” the two agencies will host in Buffalo, NY, on June 15, 2015. FTC Bureau of Consumer Protection Director Jessica Rich and New York State Attorney General Eric Schneiderman will deliver opening remarks; […]
FTC to Host September Workshop in Washington, DC, to Examine Advertising for Over-the-Counter Homeopathic Products
The Federal Trade Commission will host a public workshop on Monday, September 21, 2015 in Washington, DC, to examine advertising for over-the-counter (OTC) homeopathic products. During the last few decades, the homeopathic drug industry in the United States has grown considerably from a multimillion-dollar to a multibillion-dollar market. In that time, the homeopathic drug market […]