The Federal Trade Commission has announced the agenda for its upcoming FinTech forum examining peer-to-peer payments and crowdfunding. The forum, which is the second in an ongoing event series, will take place from 1:00 p.m. to 4:30 p.m. on Oct. 26 in Washington, DC. Commissioner Terrell McSweeny will give opening remarks at the event, which […]
Monthly Archives: October 2016
Banker Teleconference Series
FIL-66-2016 October 17, 2016 Banker Teleconference Series Timely and Comprehensive Information from the FDIC Printable Format: FIL-66-2016 – PDF (PDF Help) Summary: The Federal Deposit Insurance Corporation’s Division of Depositor and Consumer Protection (DCP) offers a series of events for bankers, including teleconferences and webinars, to maintain open lines of communication and update bank management […]
Military Lending Act: Interagency Consumer Compliance Examination Procedures, DOD Interpretive Rule, and the FDIC’S Supervisory Expectations
FIL-65-2016 October 17, 2016 Military Lending Act: Interagency Consumer Compliance Examination Procedures, DOD Interpretive Rule, and the FDIC’S Supervisory Expectations Printable Format: FIL-65-2016 – PDF (PDF Help) Summary: The FDIC has released revised interagency examination procedures that reflect the Department of Defense’s (DOD) 2015 amendments to the implementing regulations of the Military Lending Act of […]
FTC Obtains Court Orders Barring Skincare Marketers From Deceptive Marketing and Billing Practices
The defendants behind a group of California-based marketers have been permanently barred from the deceptive marketing and billing tactics they allegedly used to promote their skincare products, under court orders resolving Federal Trade Commission charges against them. Twenty-nine defendants who sold Auravie, Dellure, LéOR Skincare, and Miracle Face Kit branded skincare products have agreed to […]
FTC Acts to Stop Telemarketing Fraud Targeting Seniors
At the Federal Trade Commission’s request, a federal district court in Arizona has temporarily shut down a fraudulent telemarketing scheme that allegedly bilked more than $9 million from thousands of consumers across the nation, many of whom are elderly and live on a fixed income, including military veterans. According to the FTC’s complaint, the defendants […]
FTC Charges Tech Support Companies With Using Deceptive Pop-Up Ads to Scare Consumers Into Purchasing Unneeded Services
The Federal Trade Commission has charged the operators of a multi-national tech support company with using deceptive pop-up internet ads to scare thousands of consumers into paying hundreds of dollars each for unnecessary technical support services. A federal court has issued an order temporarily stopping the defendants’ practices and freezing their assets. The defendants in […]
FTC Issues Final Amendments to Hobby Protection Rules
The Federal Trade Commission has announced final amendments to its Hobby Protection Rules, (formally, the “Rules and Regulations Under the Hobby Protection Act”) which regulate the marking of imitation coins and political items sold to hobbyists. In April 2016, the FTC sought public comment on two proposed amendments to the Rules. First, it proposed extending […]
FTC Report Sheds New Light on How Patent Assertion Entities Operate; Recommends Patent Litigation Reforms
Note: A conference call for media will occur as follows: Date: October 6, 2016Time: 2:30 p.m. ETCall-in: (800) 230-1074, confirmation number 403959 Call-in lines, which are for media only, will open 15 minutes prior to the start of the call. FTC staff will be available to take questions from the media. A new Federal Trade […]
FTC Advice: Preparing for Hurricane Matthew
As Hurricane Matthew strikes, the Federal Trade Commission advises that, besides the harm to people and property, hurricanes can also affect your finances. The FTC has information to help you prepare for, deal with, and recover from the long-term impacts of a weather emergency, including these basics: Have your financial documents up-to-date, accessible, and portable. […]
FTC Chairwoman Edith Ramirez Statement on the Federal Communications Commission’s Broadband Consumer Privacy Proposal
Federal Trade Commission Chairwoman Edith Ramirez has issued the enclosed statement following the release today of the Federal Communications Commission’s Fact Sheet on Broadband Consumer Privacy Proposal: “We know that consumers care deeply about their privacy, and I am pleased to see the FCC moving forward to protect the privacy of millions of broadband users […]