Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Emerson Electric Co.’s acquisition of Pentair plc would be anticompetitive. First announced in April 2017, the complaint alleged that the proposed acquisition would likely harm competition in the United States market for industrial switchboxes, which are devices used to […]
Monthly Archives: June 2017
FTC Returns Money to Victims of Abusive Debt Collection Operation
The Federal Trade Commission is mailing 4,380 checks totaling more than $550,000 to people harmed by Houston-based Goldman Schwartz, Inc., a debt collection operation that also used other business names, including Cole, Tanner & Wright and Harris County Check Recovery. The FTC sued Goldman Schwartz for multiple law violations, including making false threats and collecting […]
FTC and Other Consumer Protection Agencies Unveil Updated Website for International Consumer Protection and Enforcement Network
The Federal Trade Commission and consumer protection agencies in more than 60 other countries that are part of the International Consumer Protection and Enforcement Network (ICPEN) today unveiled an update of ICPEN’s website – www.icpen.org – to help members identify and respond to consumer challenges that cross international borders. ICPEN is an international network of […]
Statement of the Acting Director of FTC’s Bureau of Competition Regarding the Walgreens/Rite Aid Transaction
The Acting Director of the Federal Trade Commission’s Bureau of Competition, Tad Lipsky, issued the following statement on this morning’s announcement regarding Walgreens Boots Alliance, Inc.’s proposed acquisition of Rite Aid Corporation. “The Commission staff thoroughly investigated the potential impact that the proposed Walgreens/Rite Aid merger may have had on competition and evaluated a number […]
FTC and DOJ Approve Procedural Changes to HSR Form
The Federal Trade Commission, with the concurrence of the Antitrust Division of the U.S. Department of Justice, has approved changes to the form that companies use to report a proposed merger, acquisition, or similar transaction under the Hart-Scott-Rodino Antitrust Improvements Act. The Antitrust Act Notification and Report Form (known also as the HSR Form) is […]
Proposed Revisions to the Consolidated Reports of Condition and Income (Call Report)
FIL-25-2017 June 29, 2017 Proposed Revisions to the Consolidated Reports of Condition and Income (Call Report) Printable Format: FIL-25-2017 – PDF (PDF Help) Summary: As the next step in an ongoing effort by the federal banking agencies to reduce data reporting and other burdens for small institutions, the agencies, as members of the Federal Financial […]
FTC Requests Public Comment on Application from Grifols, S.A. to Amend Contract Manufacturing Agreement that was part of 2011 Divestiture Ordered by the Agency
The Federal Trade Commission is currently accepting public comments on an application by Grifols, S.A., a manufacturer of plasma-derived drugs, to amend the terms of a manufacturing agreement that was part of a 2011 FTC-ordered divestiture. The order settled charges that Grifols’ $3.4 billion acquisition of competitor Talecris Biotherapeutics Holdings Corp. was anticompetitive. Under the […]
Testimony on the Fiscal Year 2018 Budget Request
Washington D.C. Chairwoman Capito, Ranking Member Coons, and Members of the Committee: Thank you for inviting me to testify today, my first appearance before this subcommittee, in support of the President’s fiscal year 2018 budget request for the Securities and Exchange Commission (SEC). Before I begin, I would like to congratulate you, Madam Chairwoman, on […]
FTC, NHTSA Workshop to Focus on Privacy, Security Issues Related to Connected Cars
WHAT: The Federal Trade Commission (FTC) and the National Highway Traffic Safety Administration (NHTSA) will hold a workshop on June 28, 2017 in Washington, D.C., to examine the consumer privacy and security issues posed by automated and connected vehicles. WHEN: Wednesday June 28, 10:00 a.m.-5:00 pm EDT WHERE: Constitution Center400 7th St SWWashington, D.C. 20024 […]
Defendants Involved in Selling Business Coaching Programs Settle FTC Charges
Seven individuals and eight companies they control have agreed to settle Federal Trade Commission charges in a deceptive telemarketing operation that took millions of dollars from thousands of consumers who were trying to start home-based Internet businesses. The defendants have agreed to be banned from selling business coaching services and work-at-home opportunities. As alleged in […]