Following a public comment period, the Federal Trade Commission has approved a final order designed to remedy the anticompetitive effects resulting from Broadcom Limited’s acquisition of Brocade Communications Systems, Inc. Under the consent order, Broadcom is required to implement firewalls preventing the flow of Cisco’s confidential business information outside of a group of relevant Broadcom […]
Monthly Archives: August 2017
FTC Says Operators of Bogus Discount Clubs Took Tens of Millions of Dollars From Consumers’ Bank Accounts without Their Consent
The Federal Trade Commission has charged a group of marketers with debiting more than $40 million from consumers’ bank accounts for membership in three online discount clubs they enrolled consumers in without their authorization. According to the FTC, the defendants targeted consumers with websites and telemarketing calls that purported to offer payday or cash advance […]
Uber Settles FTC Allegations that It Made Deceptive Privacy and Data Security Claims
Note: A conference call for media with FTC Acting Chairman Maureen K. Ohlhausen and Consumer Protection Acting Director Tom Pahl was held on August 15, 2017. FTC staff took questions from the media. Uber Technologies, Inc. has agreed to implement a comprehensive privacy program and obtain regular, independent audits to settle Federal Trade Commission charges […]
Telemarketer Fees to Access the FTC’s Do Not Call Registry to Rise Slightly in FY 2018
The Federal Trade Commission has announced FY 2018 fees for telemarketers accessing phone numbers on the National Do Not Call Registry. The annual fees will increase slightly from FY 2017, and are set forth in a Federal Register notice. All telemarketers calling consumers in the United States are required to download the numbers on the […]
FTC Approves Final Order Requiring Divestitures of Retail Fuel Stations and Convenience Stores Related to Alimentation Couche-Tard Inc.’s Merger with Competitor CST Brands, Inc.
Following a public comment period, the Federal Trade Commission has approved a final order resolving charges that Alimentation Couche-Tard Inc.’s $4.4 billion acquisition of CST Brands, Inc. would violate federal antitrust laws. The order requires ACT to divest retail fuel stations with convenience stores in 71 local markets to Empire Petroleum Partners. Under the order, […]
Regulatory Capital Treatment of Certain Centrally-Cleared Derivative Contracts Under the FDIC’s Capital Rule
FIL-33-2017 August 14, 2017 Regulatory Capital Treatment of Certain Centrally-Cleared Derivative Contracts Under the FDIC’s Capital Rule Printable Format: FIL-33-2017 – PDF (PDF Help) Summary: The FDIC is issuing the attached letter that provides supervisory guidance on the regulatory capital treatment of certain centrally-cleared, settled-to-market derivative contracts. Certain central counterparties have revised their rulebooks such […]
Federal Trade Commission Closes Investigation of Honeywell International, Inc. and E.I. DuPont de Nemours & Co.
Federal Trade CommissionHeadquarters:600 Pennsylvania Avenue, NWWashington, DC 20580Contact Us Related posts: FTC Denies Dow Chemical’s Application to Modify its 2009 Consent Order Requiring Sale of Chemicals Facility in California FTC Returns Money to Victims of Timeshare Resale Scam Marketers Settle FTC Charges That They Used Deceptive Ads In Promoting Products for Mole and Wart Removal, […]
FTC Permanently Halts Tech Support Scammer Who Falsely Claimed He Was Acting on Behalf of the Agency
The Federal Trade Commission has obtained a default judgment and permanent injunction halting the activities of a Florida man who allegedly peddled unnecessary tech support services under the deceptive guise of an affiliation with the FTC. The FTC filed a complaint in April 2017 against Daniel L. Croft, doing business as PC Guru Tech Support […]
FTC Extends Public Comment Period on Zero-VOC Paint Claims Cases to September 11
The Federal Trade Commission is extending the public comment period on four recently announced proposed settlements with companies that allegedly deceptively promoted paint products as emission-free or containing zero volatile organic compounds (VOCs), including during and immediately after application. According to the Commission’s complaints, announced on July 11, 2017, some promotions also made safety claims […]
FTC Charges Online Marketing Scheme with Deceiving Shoppers
The Federal Trade Commission has charged an online marketing operation with deceptively luring people into an expensive negative option scam using an initial low-cost ($1.03, plus shipping and handling) “trial” offer for tooth whiteners and other products. A federal court temporarily halted the operation and froze its assets at the request of the FTC, which […]