The Federal Trade Commission is seeking public comment on a proposed verifiable parental consent method that Riyo has submitted for Commission approval under the agency’s Children’s Online Privacy Protection Rule. Under the rule, online sites and services directed at children must obtain permission from a child’s parents before collecting personal information from that child. The […]
Monthly Archives: July 2015
FTC Approves Final Order Preserving Competition in U.S. Market for Cigarettes
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that the $27.4 billion merger of tobacco companies Reynolds American Inc. and Lorillard Inc. would likely harm competition in the U.S. market for cigarettes. Under the order, first announced in May 2015, Reynolds is required to divest to Imperial […]
FTC Returns Money to Consumers in Credit Card Interest Rate Scam
The Federal Trade Commission is mailing 10,387 checks totaling more than $969,000 to consumers who lost money to a credit card interest rate reduction scam. The FTC sued Innovative Wealth Builders (IWB), a telemarketing operation that falsely promised consumers it could reduce their credit card interest rates and save them thousands of dollars on their […]
FTC Action: Scammers Banned from Selling Healthcare Products
A group of scammers who falsely promised consumers new Medicare cards in order to obtain their bank account numbers and debit their accounts will be banned from selling healthcare-related products and services under settlements with the Federal Trade Commission. The settlements resolve charges the FTC filed last year against Benjamin Todd Workman and Glenn Erikson […]
FTC Announces Workshop to Examine Online Lead Generation
The Federal Trade Commission will hold a workshop on October 30, 2015, to explore the growing use of online lead generation in various industries, including consumer lending and education. Lead generators identify or cultivate consumer interest in a product or service, and sell the consumer “lead” information to third parties. For example, as consumers search […]
FTC Takes Action Against LifeLock for Alleged Violations of 2010 Order
The Federal Trade Commission today asserted that LifeLock violated a 2010 settlement with the agency and 35 state attorneys general by continuing to make deceptive claims about its identity theft protection services, and by failing to take steps required to protect its users’ data. In documents filed with the U.S. District Court for the District […]
Issuance of Final Rule on Loans in Areas Having Special Flood Hazards
FIL-32-2015 July 21, 2015 Issuance of Final Rule on Loans in Areas Having Special Flood Hazards Printable Format: FIL-32-2015 – PDF (PDF Help) Summary: The FDIC, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the National Credit Union Administration, and the Farm Credit Administration approved the […]
FTC Returns Money to Consumers in Online ‘Yellow Pages’ Scam
The Federal Trade Commission is mailing 3,133 checks totaling more than $87,000 to consumers who lost money to the Your Yellow Book scheme, which allegedly bilked money from small businesses, doctors’ offices, retirement homes, religious schools, and charitable organizations, by charging them for unwanted listings in an online “yellow pages” directory. Consumers who receive checks […]
FTC Will Keep Consumer Product Warranty Rules in Current Form with Some Modifications
The official version of the Federal Register Notice announcing the Commission’s final action with respect to its review of the Interpretations, Rules, and Guides under the Magnuson-Moss Warranty Act was published in the Federal Register on July 20, 2015. The official version, approved by a 4-1 Commission vote on July 14, 2015, replaces the notice […]
FTC Will Host Second and Third ‘Debt Collection Dialogues’ with Collection Industry in Dallas and Atlanta
Following the Federal Trade Commission’s first Debt Collection Dialogue, co-hosted in June with the New York Attorney General’s Office in Buffalo, the FTC will host two additional dialogues this fall in Dallas and Atlanta. The Buffalo event drew nearly 200 participants, most of them collection industry members. Representatives from the FTC and other federal and […]