OCC Supports Earned Income Tax Credit Awareness Day

News Release 2017-14 | January 27, 2017 Share This Page: WASHINGTON—Comptroller of the Currency Thomas J. Curry issued the following statement recognizing Earned Income Tax Credit (EITC) Awareness Day. The Office of the Comptroller of the Currency (OCC) is pleased to support Earned Income Tax Credit Awareness Day, a nationwide effort to educate the public about […]

FTC Hosts Tax Identity Theft Awareness Week Jan. 30- Feb. 3

The Federal Trade Commission will mark Tax Identity Theft Week, January 30 – February 3, with a series of events to alert consumers and businesses to ways they can minimize their risk of tax identity theft, and recover if it happens. What is tax identity theft? It’s when a scammer files a fraudulent tax return […]

Statement of Acting FTC Chairman Ohlhausen on Appointment by President Trump

President Donald J. Trump has designated Maureen K. Ohlhausen as Acting Chairman of the Federal Trade Commission by a White House order. “I am deeply honored that President Trump has asked me to serve as Acting Chairman of the FTC and to preserve America’s true engine of prosperity: a free, honest, and competitive marketplace,” Acting […]

Defendants in Student Loan Debt Relief Scheme Banned from Industry in Settlement with FTC and Florida

Under a settlement with the Federal Trade Commission and the State of Florida, the operators of an alleged student debt relief and credit repair scam will be banned from those lines of business. The stipulated final order announced today resolves charges the FTC and the State of Florida brought in April 2016, against Chastity Valdes […]

Endo Pharmaceuticals Inc. Agrees to Abandon Anticompetitive Pay-for-Delay Agreements to Settle FTC Charges; FTC Refiles Suits Against Generic Defendants

The Federal Trade Commission has refiled a complaint and filed a proposed stipulated order in federal court to resolve charges that Endo Pharmaceuticals Inc. and Endo International plc violated the antitrust laws by using pay-for-delay settlements to block consumers’ access to lower-cost generic versions of its two top-selling branded drugs, Lidoderm and Opana ER, in […]

“Breathometer” Marketers Settle FTC Charges of Misrepresenting Ability to Accurately Measure Users’ Blood Alcohol Content

The marketers of two app-supported smartphone accessories, marketed to accurately measure consumers’ blood alcohol content (BAC), have agreed to settle Federal Trade Commission charges that they lacked scientific evidence to back up their advertising claims. Under the terms of the FTC settlement, defendants Breathometer, Inc., and the company’s founder and chief executive officer Charles Michael […]

FTC Releases New Report on Cross-Device Tracking

The Federal Trade Commission has released Cross-Device Tracking: An FTC Staff Report that describes the technology used to track consumers across multiple Internet-connected devices, the benefits and challenges associated with it, and industry efforts to address those challenges. The report concludes by making recommendations to industry about how to apply traditional principles like transparency, choice, […]

Western Union Admits Anti-Money Laundering Violations and Settles Consumer Fraud Charges, Forfeits $586 Million in Settlement with FTC and Justice Department

The Western Union Company (Western Union), a global money services business headquartered in Englewood, Colorado, has agreed to forfeit $586 million and enter into agreements with the Federal Trade Commission, the Justice Department, and the U.S. Attorneys’ Offices of the Middle District of Pennsylvania, the Central District of California, the Eastern District of Pennsylvania and […]

Puerto Rico Ophthalmologist Group Settles FTC Charges that Members Agreed to an Illegal Boycott of Health Plan

OFTACOOP, a Puerto Rico ophthalmologist cooperative, has agreed to settle Federal Trade Commission charges that its actions harmed competition. The complaint charges that  OFTACOOP – also known as Cooperativa de Médico Oftalmólogos de Puerto Rico –  unlawfully orchestrated an agreement among competing ophthalmologists to refuse to deal with a health plan, MCS Advantage, Inc., and […]

Uber Agrees to Pay $20 Million to Settle FTC Charges That It Recruited Prospective Drivers with Exaggerated Earnings Claims

Uber Technologies, the San Francisco-based ride-hailing company, has agreed to pay $20 million to resolve Federal Trade Commission charges that it misled prospective drivers with exaggerated earning claims and claims about financing through its Vehicle Solutions Program. The $20 million will be used to provide refunds to affected drivers across the country. “Many consumers sign […]