The Federal Trade Commission has issued a Statement of Enforcement Principles that describes the underlying antitrust principles that guide the Commission’s application of its statutory authority to take action against “unfair methods of competition” prohibited by Section 5 of the FTC Act but not necessarily by the Sherman or Clayton Act. “The promotion of consumer […]
Monthly Archives: August 2015
FTC Approves Fiscal Year 2014 HSR Premerger Notification Report
The Federal Trade Commission, together with the Department of Justice’s Assistant Attorney General for Antitrust, released the agencies’ 37th Annual Hart-Scott-Rodino Report. The report presents fiscal year 2014 data on the agencies’ HSR Premerger Notification Program. The program allows the agencies to identify and challenge transactions that may substantially lessen competition in violation of federal […]
FTC Charges Data Brokers with Helping Scammer Take More Than $7 Million from Consumers’ Accounts
The Federal Trade Commission has charged a data broker operation with illegally selling payday loan applicants’ financial information to a scam operation that took millions of dollars from consumers by debiting their bank accounts and charging their credit cards without their consent. According to the FTC’s complaint, the data broker enterprise bought loan applications from […]
FTC Announces Panels for Debt Collection Dialogue in Dallas on September 29, 2015
The Federal Trade Commission has announced the panels for the Debt Collection Dialogue in Dallas on September 29, 2015, the second of three such planned events. Representatives from the FTC, other federal and state law enforcement agencies, and the debt collection industry will discuss enforcement actions, consumer complaints, compliance issues, industry best practices, and how […]
FTC Approves Application from Holcim LTD. and Lafarge S.A. to Divest Cement Assets
Following a public comment period, the Federal Trade Commission has approved an application from Holcim Ltd. and Lafarge S.A. to sell various Holcim cement assets to an affiliate of the international cement company CRH International. The divestiture was required under the FTC’s June 2015 final order settling charges that the $25 billion merger of Holcim […]
Operators of Bogus Credit Repair Scheme Settle FTC Charges
The operators of a bogus credit repair scheme that allegedly tricked Spanish-speaking consumers into paying thousands of dollars each to supposedly improve their credit will be banned from offering credit repair services and subject to a monetary judgment under settlements with the Federal Trade Commission. According to a federal court complaint filed by the Commission […]