FTC Blog Post Outlines How NIST Cybersecurity Framework Relates to FTC Data Security Program

A new blog post from the Federal Trade Commission provides guidance to businesses on how the cybersecurity framework created by the National Institute for Standards and Technology (NIST) aligns with the FTC’s data security program. The post outlines the key elements of the NIST framework and how it relates to the FTC’s long-standing approach to […]

Changes to Deposit Insurance Assessments

FIL-58-2016 August 30, 2016 Changes to Deposit Insurance Assessments Printable Format: FIL-58-2016 – PDF (PDF Help) Summary: On June 30, 2016, the Deposit Insurance Fund Reserve Ratio rose to 1.17 percent from 1.13 percent on March 31. FDIC regulations provide for three major changes to deposit insurance assessments the quarter after the reserve ratio first […]

Changes to Deposit Insurance Assessments

FIL-58-2016 August 30, 2016 Changes to Deposit Insurance Assessments Printable Format: FIL-58-2016 – PDF (PDF Help) Summary: On June 30, 2016, the Deposit Insurance Fund Reserve Ratio rose to 1.17 percent from 1.13 percent on March 31. FDIC regulations provide for three major changes to deposit insurance assessments the quarter after the reserve ratio first […]

IWorks Billing Scheme Ringleader Agrees to Settle FTC Charges

The ringleader and two other defendants in the massive IWorks online billing scheme have agreed to settle Federal Trade Commission charges that they took more than $280 million from consumers via deceptive “trial” memberships for bogus government-grant and money-making products. In addition, the wife and parents of IWorks’ owner and CEO Jeremy Johnson have agreed […]

FTC Seeks Comment on Safeguards Rule

The Federal Trade Commission is seeking public comment on Standards for Safeguarding Customer Information (the “Safeguards Rule”) as part of its systematic review of all FTC rules and guides. The Safeguards Rule, which took effect in 2003, requires financial institutions to develop, implement and maintain a comprehensive information security program for handling customer information. The […]

FTC Charges Academic Journal Publisher OMICS Group Deceived Researchers

The Federal Trade Commission has charged the publisher of hundreds of purported online academic journals with deceiving academics and researchers about the nature of its publications and hiding publication fees ranging from hundreds to thousands of dollars. The FTC’s complaint alleges that OMICS Group, Inc., along with two affiliated companies and their president and director, […]

FTC Approves Updates to Hart-Scott-Rodino Rules

The Federal Trade Commission has approved final amendments to the Hart-Scott-Rodino Premerger Notification Rules that allow HSR filings to be submitted on DVD and streamline the instructions to the Premerger Notification Form. These updates will make the process of submitting HSR filings easier, more efficient and less burdensome. Enacted by Congress in 1976, the Hart-Scott-Rodino […]

FTC Requires ON Semiconductor Corporation to Divest Its Ignition IGBT Semiconductor Business as a Condition of Acquiring Fairchild Semiconductor International, Inc.

ON Semiconductor Corporation has agreed to sell its Ignition IGBT business in order to settle FTC charges that its proposed $2.4 billion acquisition of Fairchild Semiconductor International, Inc. is anticompetitive. According to the complaint, the merged company would have a combined share of over 60 percent in the worldwide market for Insulated-Gate Bipolar Transistors specifically […]

FTC Consumer Tips for Homeowners and People Affected by Louisiana Floods

In the wake of the flooding in Louisiana, the Federal Trade Commission has developed a series of blog posts with useful information for homeowners and people affected by the floods, and for those who want to help victims with charitable donations. These three posts offer information and tips for dealing with disasters and flood-damaged vehicles […]