FTC Office of Policy Planning Deputy Director Provides Testimony about Competition in the Pet Medications Industry before House Subcommittee on Commerce, Manufacturing, and Trade

Testifying on behalf of the Federal Trade Commission before a subcommittee of the U.S. House of Representatives’ Committee on Energy and Commerce, Tara Koslov, Deputy Director of the FTC’s Office of Policy Planning, described the state of competition in the pet medications industry, as well as the FTC’s work in this area. The testimony, presented […]

International Competition Network Marks Its Fifteenth Annual Conference Promoting International Convergence and Cooperation

At its annual meeting, the International Competition Network (ICN) approved new guidance related to merger remedies, agency assessment and performance measurement, cartel investigative powers, market studies, competition agency ethics programs, and advocacy to the business community, the Federal Trade Commission announced today. The ICN also presented findings from a network-wide assessment to help shape its […]

Mobile Financial Services

FIL-31-2016 April 29, 2016 Mobile Financial Services Update to FFIEC IT Examination Handbook Series   Summary: The Federal Financial Institutions Examination Council (FFIEC) has issued a new appendix, Mobile Financial Services, to the Retail Payment Systems booklet of the FFIEC Information Technology Handbook. The appendix provides guidance to assist examiners in evaluating the risks associated […]

FTC Charges Education Lead Generator with Tricking Job Seekers by Claiming to Represent Hiring Employers

In the agency’s first enforcement action against an education lead generator, operators of Gigats.com have agreed to settle Federal Trade Commission charges that the company claimed it was “pre-screening” job applicants for hiring employers when it was actually gathering information for other purposes, including lead generation for post-secondary schools and career training programs. According to […]

Federal Court Finds Amazon Liable for Billing Parents for Children’s Unauthorized In-App Charges

A federal judge has granted the Federal Trade Commission’s request for summary judgment in the agency’s lawsuit against Amazon, Inc., for billing consumers for unauthorized in-app charges incurred by children. The judge’s order in the case finds that Amazon received many complaints from consumers about surprise in-app charges incurred by children, citing the fact that […]

Supplier of High-Performance Polymer for Medical Implants Settles FTC Charges that It Monopolized Sales to World’s Largest Medical Device Makers

A company that supplies some of the world’s largest medical device makers with a high-performance polymer used to make spinal and other medical implants has agreed to settle Federal Trade Commission charges that it violated federal antitrust law by using long-term exclusive contracts to maintain its monopoly. According to the FTC’s administrative complaint, Invibio was […]

Updated Financial Institution Employee’s Guide to Deposit Insurance

FIL-30-2016 April 27, 2016 Updated Financial Institution Employee’s Guide to Deposit Insurance Latest Version Includes Multiple Examples to Better Understand Deposit Insurance Ownership Categories Printable Format: FIL-30-2016 – PDF (PDF Help) Summary: The FDIC has updated the Financial Institution Employee’s Guide to Deposit Insurance. The Guide is designed primarily as a resource for bank employees […]

FTC Approves Final Order Preserving Competition for Generic Drugs that Treat Bacterial Infections and Ulcerative Colitis

Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Lupin’s proposed $850 million acquisition of Gavis would likely be anticompetitive. Under the order, first announced in February 2016, the companies are required to divest two dosage strengths of generic doxycycline monohydrate capsules, which are used to treat […]

Small Bank Pricing

FIL-28-2016 April 26, 2016 Small Bank Pricing Final Rule Printable Format: FIL-28-2016 – PDF (PDF Help) Summary: On April 26, 2016, the FDIC Board of Directors approved the attached final rule to improve the deposit insurance assessment system for established small insured depository institutions (generally, those banks with less than $10 billion in total assets […]

FTC Chairwoman Edith Ramirez to Participate in International Competition Network Conference in Singapore

Federal Trade Commission Chairwoman Edith Ramirez and Principal Deputy Assistant Attorney General Renata Hesse of the Justice Department’s Antitrust Division will participate in the 15th annual International Competition Network (ICN) conference in Singapore from April 26-29, 2016. At the conference, antitrust officials and private sector antitrust experts from around the world and representatives of intergovernmental […]