FTC Announces Workshop on Informational Injury

The Federal Trade Commission will host a workshop on December 12, 2017, to examine questions about the injury consumers suffer when information about them is misused. As the nation’s primary federal privacy and data security enforcement agency, the FTC has brought more than 500 privacy and data security-related cases, which have focused on deceptive and […]

Illinois Firm Barred from Making Misleading Baby Mattress Claims

Moonlight Slumber, LLC, an Elgin, Illinois-based firm that advertised its baby mattresses as organic and free of volatile organic compounds (VOCs), has agreed to settle Federal Trade Commission charges that it misrepresented or could not support its claims to consumers. The case is the FTC’s first challenging “organic” product claims. The FTC’s administrative complaint charges that […]

FTC Sending Refund Checks Totaling More Than $210,000 to Consumers Who Bought Elimidrol ‘Opiate Withdrawal’ Product

The Federal Trade Commission is mailing 5,379 refund checks totaling more than $210,000 to people who bought Elimidrol, a product marketed by Sunrise Nutraceuticals, LLC, as an effective treatment for opiate addiction withdrawal. The average refund amount is $39. According to the FTC’s November 2015 complaint, Sunrise, based in Boca Raton, Florida, deceptively claimed that […]

FTC Requires Abbott Laboratories to Divest Two Types of Point-Of-Care Medical Testing Devices as Condition of Acquiring Alere Inc.

Abbott Laboratories and Alere Inc. have agreed to a divestiture of two point-of-care medical device products line in order to settle Federal Trade Commission charges that Abbott’s proposed $8.3 billion acquisition of Alere will cause harm to competition. Abbott is a global healthcare company that produces, among other things, point-of-care diagnostic devices designed for use […]

FTC Approves Final Order Requiring National Association of Animal Breeders, Inc. to Refrain from Adopting Rules that Restrict Competition among Members

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FFIEC Announces Availability of 2016 Data on Mortgage Lending

For Immediate Release: September 28, 2017 The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 6,762 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. The HMDA data cover 2016 lending activity and […]

FTC Requires Divestiture of 5 Medical Device Product Lines as Condition of Integra Acquiring Johnson & Johnson’s Codman Neuro Division

Integra LifeSciences Holdings Corp. and Johnson & Johnson have agreed to a divestiture of five neurosurgical medical device product lines to settle Federal Trade Commission charges that Integra’s proposed $1 billion acquisition of Johnson & Johnson’s Codman Neuro division would negatively impact competition in those markets. Both companies supply a range of  devices used in […]

FTC Earns Prestigious International Award for AshleyMadison.com Data Breach Investigation

The Federal Trade Commission, along with privacy law enforcement agencies in Australia and Canada, has received a global data protection award for its cross-border investigation of the massive AshleyMadison.com data breach in July 2015, which affected consumers in nearly 50 countries. The FTC charged the dating website’s operators with deceiving consumers and failing to protect […]

Simplifications to the Capital Rule Pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996

FIL-45-2017 September 27, 2017 Simplifications to the Capital Rule Pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996 Printable Format: FIL-45-2017 – PDF (PDF Help) Summary: The federal banking regulatory agencies (the agencies) have jointly issued a proposal intended to simplify aspects of the generally applicable capital rules related to the treatment […]

FTC Launches Website Dedicated to New Military Task Force

The Federal Trade Commission launched a web page highlighting the work of the agency’s new Military Task Force, which is aimed at identifying the needs of military consumers and developing initiatives to empower servicemembers, veterans, and their families, including through law enforcement actions. The Military Task Force, comprised of a cross-section of agency representatives, is […]