The Federal Trade Commission has approved TRUSTe’s proposed modifications to its safe harbor program under the Children’s Online Privacy Protection Rule. The FTC’s COPPA Rule requires, among other things, that operators of commercial websites and online services directed to children under the age of 13, or general audience websites and online services that knowingly collect […]
Monthly Archives: July 2017
FTC Approves Final Order with Sherwin-Williams and Valspar, Preserving Competition in the North American Market for Industrial Wood Coatings
Following a public comment period, the Federal Trade Commission has approved a final order resolving concerns that the acquisition of the Valspar Corporation by The Sherwin-Williams Company would likely allow the new company to exercise unilateral market power in the North American market for industrial wood coatings. These coatings are used to manufacture wood items […]
FTC Testifies before House Judiciary Committee’s Subcommittee on Regulatory Reform, Commercial and Antitrust Law about Antitrust Concerns and the FDA Approval Process
In testimony presented to the U.S. House of Representatives’ Judiciary Committee Subcommittee on Regulatory Reform, Commerical and Antitrust Law, the Federal Trade Commission described its efforts to stop anticompetitive conduct in the pharmaceutical industry. Testifying on behalf of the FTC, Acting Director of the Bureau of Competition, Markus H. Meier noted that the 1984 Hatch-Waxman […]
FTC, State, and Local Partners Announce Joint Conference on Protecting Military Consumers
The Federal Trade Commission, state, and local authorities will convene a conference in Los Angeles on Sept. 7, 2017 to help educate military consumers and train military attorneys, law enforcement personnel, and consumer protection officials to address consumer fraud and other issues that affect servicemembers and their families. This event follows the FTC’s recent successful […]
FTC Returns Money to Victims of Business Opportunity Scheme
The Federal Trade Commission is mailing 2,711 checks totaling more than $372,000 to people who paid American Business Builders and related entities for a home-based business opportunity. The defendants claimed that people would earn substantial income offering payment processing services, credit card terminals, and merchant cash advances to small businesses. Under a settlement with the […]
FTC Announces Winner of its Internet of Things Home Device Security Contest
The Federal Trade Commission announced that a mobile app developed by a New Hampshire software developer was awarded the top prize in the agency’s competition seeking tools to help consumers protect the security of their Internet of Things (IoT) devices. The FTC launched the contest in January to challenge innovators to develop a tool that […]
FTC to Hold First Roundtable on Economic Liberty
WHAT: The U.S. Federal Trade Commission will host a Roundtable, Streamlining Licensing Across State Lines: Initiatives to Enhance Occupational License Portability. The event will explore options for enhancing the portability of occupational licenses. WHEN: Thursday, July 27, 2:00 p.m.–4:00 p.m. EDT WHERE: Constitution Center400 7th St., SWWashington, DC 20024 WHO: FTC Acting Chairman Maureen K. […]
Securities and Exchange Commission Rule Amended to Shorten the Securities Transaction Settlement Cycle
FIL-32-2017 July 26, 2017 Securities and Exchange Commission Rule Amended to Shorten the Securities Transaction Settlement Cycle Printable Format: FIL-32-2017 – PDF (PDF Help) Summary: The Federal Deposit Insurance Corporation (FDIC) is issuing this announcement to highlight actions that banks should take to prepare for the change in the Securities Exchange Commission’s (SEC) rule governing […]
Update to the Risk Management Manual of Examination Policies
FIL-31-2017 July 26, 2017 Update to the Risk Management Manual of Examination Policies Printable Format: FIL-31-2017 – PDF (PDF Help) Summary: The FDIC Risk Management Manual of Examination Policies (Examination Manual) has been updated. The Report of Examination Instructions were updated primarily to incorporate guidance from the FDIC Board of Directors to examiners regarding supervisory […]
FDIC Updates Affordable Mortgage Lending Guide Information on State Housing Finance Agencies
FIL-30-2017 July 26, 2017 FDIC Updates Affordable Mortgage Lending Guide Information on State Housing Finance Agencies Printable Format: FIL-30-2017 – PDF (PDF Help) Summary: The FDIC has updated the Affordable Mortgage Lending Guide, Part II: State Housing Finance Agencies to reflect the most up-to-date information available about the mortgage programs offered through state housing finance […]