The Federal Trade Commission’s Fintech Forum on marketplace lending is being held tomorrow, June 9, 2016, from 9:30 a.m. to 12:30 p.m. FTC Chairwoman Edith Ramirez will provide opening remarks. The event will feature panels panel exploring the current state of marketplace lending and its implications for consumers, as well as the future of marketplace […]
Monthly Archives: June 2016
FTC Testifies before House Judiciary Subcommittee Regarding International Competition Policy and Enforcement
In testimony presented to the U.S. House Judiciary Subcommittee on Regulatory Reform, Commercial and Antitrust Law, the Federal Trade Commission outlined its perspectives on international competition policy and enforcement. Testifying on behalf of the FTC, Commissioner Maureen K. Ohlhausen noted the marked rise over the last 20 years in jurisdictions that have competition laws. “The […]
FFIEC Joint Statement on Cybersecurity of Interbank Messaging and Wholesale Payment Networks
FIL-37-2016 June 7, 2016 FFIEC Joint Statement on Cybersecurity of Interbank Messaging and Wholesale Payment Networks Printable Format: FIL-37-2016 – PDF (PDF Help) Summary: The FDIC, as a member of the Federal Financial Institutions Examination Council (FFIEC), is issuing the attached statement advising financial institutions to actively manage the risks associated with interbank messaging and […]
FTC Charges Marketers Used Massive Spam Campaign To Pitch Bogus Weight-Loss Products
The Federal Trade Commission charged a Florida-based affiliate marketing operation with bombarding consumers with illegal spam e-mail in an attempt to sell them bogus weight-loss products using false celebrity endorsements. “These defendants used a variety of deceptive tactics to sell their bogus diet pills,” said Jessica Rich, Director of the FTC’s Bureau of Consumer Protection. […]
FTC Staff Provides Response to NTIA Request for Comment on Internet of Things
Federal Trade Commission staff filed a comment today with the Department of Commerce’s National Telecommunications and Information Administration (NTIA) regarding the agency’s request for comment on the benefits, challenges and role of government in fostering innovation for the rapidly growing number of devices connected to the Internet, often referred to as the Internet of Things. […]
FTC Charges Gold, Silver Investment Scheme with Fraud
The Federal Trade Commission charged a nationally advertised gold and silver marketing operation with bilking millions from consumers. The FTC seeks to recover money from the defendants to return to their customers, many of whom allegedly lost thousands of dollars to the scheme. “The losses in this case are significant, particularly to those who lost […]
Ruling in Favor of Federal Trade Commission, Jury Finds Utah Operation Responsible for Making More Than 117 Million Illegal Telemarketing Calls to Consumers
A federal court jury in Utah delivered a verdict in favor of the Federal Trade Commission against three Utah-based firms and their owner, finding that they engaged in deceptive and unlawful telemarketing campaigns pitching movies, including making more than 117 million illegal calls to consumers, in violation of the FTC’s Telemarketing Sales Rule (TSR). The […]
New FTC Resources Warn Consumers About Imposter Scams
If you have a computer or a phone, you’ve probably been targeted by a scammer pretending to be someone they’re not: maybe the IRS, another government official, a family member or friend, or a tech company. These imposters come in many varieties, but work the same way: the person pretending to be someone you trust […]
FTC Extends Comment Period for Public Input in Review of R-Value Rule
The Federal Trade Commission has extended the deadline for submitting public comments on the R-value Rule. The FTC is seeking input on the efficiency, costs, benefits, and impact of the Rule as part of its systematic review of all current FTC rules and guides. Issued in 1979, the Rule (formally, the “Trade Regulation Rule Concerning […]