The Federal Trade Commission is seeking public comment on its Disposal Rule, a rule which implements part of the Fair and Accurate Credit Transactions Act of 2003 (FACTA). The Rule, formally known as the Disposal of Consumer Report Information and Records Rule, requires certain persons who have consumer report information for a business purpose to […]
Monthly Archives: September 2016
As a Condition of Acquiring Meda, FTC Requires Mylan to Sell Rights to Two Generic Drugs
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Mylan Inc.’s $7.2 billion acquisition of Swedish drug maker Meda would likely be anticompetitive. Under the FTC’s order, first announced in July 2016, the companies will be required to divest the U.S. rights to two generic drugs, 250 […]
FTC Action: Payday Debt Relief Operation Banned from Debt Relief Business
The owners of a debt relief operation that targeted consumers with outstanding payday loans will be banned from the debt relief business under settlements with the Federal Trade Commission. In February 2015, the FTC filed a complaint alleging that Jared Irby, Richard Hughes, Coastal Acquisitions LLC, and PSC Administrative LLC, who typically did business as […]
FTC Sending Refund Checks Totaling More Than $1.3 Million to Consumers Tricked into Paying Up-front for Shoddy, Off-brand Products
The Federal Trade Commission is mailing 6,192 refund checks totaling more than $1.3 million to people defrauded by Oro Marketing, Inc., a telemarketing scheme that targeted Spanish-speakers with false promises that they could make money by reselling high-end goods such as Gucci and Ralph Lauren. The FTC alleged the company charged more than $400 per […]
FTC Actions: Debt Collectors Banned from Debt Collection Business
Two groups of debt collectors will be banned from the collection business under settlements with the Federal Trade Commission, and one of them will pay more than $4.4 million to resolve charges that they conned people into paying debts they did not owe. The actions were filed as part of Operation Collection Protection, an ongoing […]
FTC Approves Energy Labeling Rule Changes and Seeks Comment on Others
The Federal Trade Commission has approved amendments to the Energy Labeling Rule to improve access to energy labels online and improve labels for refrigerators, ceiling fans, central air conditioners, and water heaters. The Rule helps consumers consider the energy cost of consumer products by requiring yellow EnergyGuide labels on certain appliances to help consumers compare […]
FTC Issues Final Rule Amendments Related to the E-Warranty Act
The Federal Trade Commission has announced final amendments to its Disclosure Rule and Pre-Sale Availability Rule to give effect to the E-Warranty Act. Under the Magnuson-Moss Warranty Act (MMWA), in 1975, the FTC promulgated the Disclosure Rule, which provides disclosure requirements for written warranties on products that cost more than $15, specifies language for certain […]
FTC Action: Court Orders Ban Mortgage Relief Scammers from Mortgage Modification and Debt Relief Business
The principals of a mortgage relief operation and their companies are banned from the mortgage loan modification and debt relief business under court orders obtained by the Federal Trade Commission. The orders resolve charges that the scheme falsely promised financially distressed homeowners they would receive legal representation to prevent foreclosure or lower their mortgage payments […]
FTC Announces Agenda for Economic Conference on Marketing and Consumer Protection
The Federal Trade Commission’s Bureau of Economics has announced the agenda and panelists for its Economic Conference on Marketing and Consumer Protection in Washington, DC, on September 16, 2016, co-sponsored by the INFORMS Society of Marketing Science. Ginger Jin, Director of the FTC’s Bureau of Economics, will give opening remarks at the event, which will […]
FTC Approves American Air Liquide Holdings, Inc.’s Application to Divest Assets to Matheson Tri-Gas, Inc.
Following a public comment period, the Federal Trade Commission has approved an application from American Air Liquide Holdings, Inc. to sell some of its assets to Matheson Tri-Gas, Inc., a Delaware-based subsidiary of Taiyo Nippon Sаnso Corporation of Japan. The divestiture is required by the FTC’s July 2016 final order settling charges that the $13.4 […]