In order to gain a better understanding of security in the mobile ecosystem, the Federal Trade Commission has issued orders to eight mobile device manufacturers requiring them to provide the agency with information about how they issue security updates to address vulnerabilities in smartphones, tablets, and other mobile devices. The eight companies receiving orders from […]
Monthly Archives: May 2016
Net Stable Funding Ratio: Proposed Rule
FIL-33-2016 May 6, 2016 Net Stable Funding Ratio: Proposed Rule Printable Format: FIL-33-2016 – PDF (PDF Help) Summary: The Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve System (the agencies) have issued a proposed rule that would implement a liquidity requirement consistent […]
FTC Approves Modified Final Order Addressing Competitive Concerns about Hikma Pharmaceuticals PLC’s Acquisition of Roxane
The Federal Trade Commission has approved a modified final order settling charges that Hikma Pharmaceuticals PLC’s $2 billion acquisition of Roxane Laboratories Inc. and Boehringer Ingelheim Roxane, Inc. from Boehringer Ingelheim Corporation would likely be anticompetitive. Under the terms of the order, Hikma is required to divest to Pennsylvania-based Renaissance Pharma, Inc. the rights and […]
Company That Placed Crammed Charges on Consumers’ Phone Bills Settles FTC Contempt Charges
A phone billing company will pay $5.2 million to resolve Federal Trade Commission charges that it violated a court order that settled earlier charges of phone bill cramming by the FTC. The proposed settlement agreement resolves FTC contempt charges that the Billing Services Group (BSG) defendants violated a 1999 settlement order with the agency that […]
Hand-Held Vaporizer Company Settles FTC Charges It Deceived Consumers About Participation in International Privacy Program
A manufacturer of hand-held vaporizers has agreed to settle Federal Trade Commission charges that it deceived consumers about its participation in the Asia-Pacific Economic Cooperation (APEC) Cross-Border Privacy Rules (CBPR) system. The FTC’s complaint alleges that Very Incognito Technologies, Inc., doing business as Vipvape, represented on its website that it was a participant in the […]
FTC Staff: Proposed Health Care Legislation in Alabama Would Likely Foster and Protect Anticompetitive Arrangements That Harm Consumers
Federal Trade Commission staff submitted written comments opposing proposed legislation in Alabama that purports to immunize “authorities” formed by any public university operating a medical school in Alabama, and their collaborative activities “with all types of health care providers,” from the federal antitrust laws. The comments are in response to a request from Alabama State […]
Marketers of Simple Pure Supplements Settle FTC Court Action
Marketers of green coffee bean extract weight-loss supplements, male enhancement products, and skin care products will forfeit assets totaling approximately $9.2 million, and have already turned over a Ferrari to settle the Federal Trade Commission’s court action brought against them in October 2014. The proposed stipulated final order bans individual defendants Danelle Miller and Jason […]
FTC Alleges Companies Deceived Consumers With Fake Subscription Notices for Newspapers
The Federal Trade Commission has charged the operators of dozens of companies with deceiving consumers by using fake newspaper subscription notices. The FTC seeks to stop the operation and obtain money for return to consumers. According to the FTC’s complaint, through a complicated web of companies, the defendants send consumers “Notice of Renewal/New Order” mailers […]
FTC Requests Public Comment on ProMedica Health System’s Application to Approve Divestiture of former Rival St. Luke’s Hospital
The Federal Trade Commission is currently accepting public comments on ProMedica Health Systems’ application to divest St. Luke’s Hospital. The divestiture is required by the Commission’s final order issued in connection with the Commission’s ruling that ProMedica’s acquisition of former rival St. Luke’s was likely to substantially lessen competition and increase prices for general acute-care […]
Request for Comments on Mobile Financial Services Strategies and Participation in Economic Inclusion Demonstrations
FIL-32-2016 May 3, 2016 Request for Comments on Mobile Financial Services Strategies and Participation in Economic Inclusion Demonstrations Summary: The FDIC’s Division of Depositor and Consumer Protection is seeking input from financial institutions, consumer groups and other stakeholders on the FDIC’s plans to assess opportunities for mobile financial services to enhance underserved consumers’ banking experiences. […]