“We are reviewing the European Court of Justice’s opinion and evaluating its implications. We share the commitment of our EU counterparts to protect consumers’ personal information and privacy. The Federal Trade Commission has worked closely with the Department of Commerce and our European partners on enforcing and improving the Safe Harbor Framework, and FTC enforcement […]
Monthly Archives: October 2015
Debt Relief Scammer Settles FTC Charges by Agreeing to $7.9 Million Judgment
The head of a sham debt relief operation agreed to a judgment of more than $7.9 million to settle Federal Trade Commission charges that he deceived consumers and charged them thousands of dollars while providing nothing in return. In a complaint filed in May 2014, the FTC alleged that the DebtPro 123 LLC defendants falsely […]
Supervisory Expectations for Financial Institutions Implementing the Truth in Lending Act (Regulation Z) and Real Estate Settlement Procedures Act (Regulation X) Integrated Disclosure Rule
FIL-43-2015 October 2, 2015 Supervisory Expectations for Financial Institutions Implementing the Truth in Lending Act (Regulation Z) and Real Estate Settlement Procedures Act (Regulation X) Integrated Disclosure Rule Summary: The FDIC is providing guidance on its initial supervisory expectations in connection with its examinations of financial institutions for compliance with the Truth in Lending Act […]
FTC Files Amicus Brief Explaining that Pharmaceutical “Product Hopping” Can Violate the Antitrust Laws
The Federal Trade Commission filed an amicus brief before the U.S. Court of Appeals for the Third Circuit explaining that the district court made significant analytical errors in ruling for defendants in a dispute involving allegations of pharmaceutical “product hopping.” The brief explains that, in examining whether such conduct is unlawful, courts should account for […]
FTC Returns Money to Consumers Who Bought Allegedly Bogus Weight-Loss Products
The Federal Trade Commission is mailing 23,406 checks totaling more than $3.7 million to consumers who lost money after buying LeanSpa, a supplement whose marketers allegedly made deceptive weight-loss claims. The FTC and the State of Connecticut sued the marketers of LeanSpa in December 2011, charging that they used fake websites to promote acai berry […]