FIL-6-2018 January 18, 2018 New Tax Law: Accounting and Reporting Implications Printable Format: FIL-6-2018 – PDF (PDF Help) Summary: The banking agencies are issuing the attached Interagency Statement to provide guidance to institutions on certain accounting and reporting implications of the new tax law, which was enacted on December 22, 2017. In accordance with U.S. […]
Monthly Archives: January 2018
FTC Posts Blog on Voices for Liberty Video Project
The Federal Trade Commission today issued a blog highlighting a series of videos featuring Acting Chairman Maureen K. Ohlhausen and four guests who shared their stories about the burdens of unnecessary occupational licensing regulations. During the “fireside chat” held last month, Acting Chairman Ohlhausen spoke with a natural hair braider, as well as an educator, […]
FTC Returns Money to Consumers Who Bought Purported Business Coaching Programs
The Federal Trade Commission is mailing 7,583 checks totaling more than $2.2 million to people who lost money to a telemarketing scheme offering business coaching services. As alleged in the FTC’s complaints, the defendants falsely promised consumers they would earn substantial income from home-based Internet businesses if they used the defendants’ services. In June 2017, […]
FTC Approves Final Consent Order in Victory Media Advertising Case
Following a public comment period, the Federal Trade Commission has issued a final order settling charges that Victory Media violated Section 5 of the FTC Act in connection with its promotion of post-secondary schools to military consumers. According to the FTC’s complaint, some of the company’s materials and tools deceptively promoted schools that paid the […]
Marketers Barred from Making Deceptive Claims about Products’ Ability to Mitigate Side Effects of Cancer Treatment
CellMark Biopharma, LLC and its CEO have agreed to settle Federal Trade Commission charges that they made false or unsupported claims regarding two health products they marketed as effective treatments for cancer patients’ malnutrition and “chemo fog,” or treatment-related cognitive dysfunction. According to the Commission’s complaint, CellMark and its CEO, Derek E. Vest, violated the […]
At FTC’s Request, Court Orders that Assets of Tech Support Operators Be Used to Reimburse Victims
At the request of the Federal Trade Commission, a federal court ordered that the assets of the operators of an alleged tech support scam be used to reimburse consumers who lost money to the defendants’ scheme. The U.S. District Court for the Eastern District of Pennsylvania agreed with the FTC, the State of Connecticut, and […]
InfoCision, Inc. to Pay $250,000 Penalty for Deceptive Charitable Solicitation Calls
InfoCision, Inc., an Akron, Ohio-based company that has made millions of calls to consumers nationwide on behalf of charitable organizations, has agreed to pay a $250,000 civil penalty to settle Federal Trade Commission charges that its telemarketers misled consumers by falsely saying they were not calling to solicit contributions. The proposed order settling the charges, […]
Staff Perspective Recaps Workshop Examining Privacy, Security Issues Related to Connected Cars
A new paper by the Federal Trade Commission’s Bureau of Consumer Protection details the key takeaways from the June 28, 2017, workshop the Commission co-hosted with the National Highway Traffic Safety Administration focused on privacy and security issues related to connected cars. The Staff Perspective summarizes important themes from the discussion by panelists at the […]
Defendants Who Sold Business Coaching Program Settle FTC Charges
Three individuals and the company they control have agreed to settle Federal Trade Commission charges that they deceived consumers in a telemarketing scheme that took millions of dollars from thousands of people who were trying to start home-based Internet businesses. The settlement order bans them from selling business coaching services and business opportunities. According to […]
FTC Approves Final Order Requiring Alimentation Couche-Tard Inc. to Divest Three Retail Fuel Station and Convenience Stores in Alabama
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that retail fuel station and convenience store operator Alimentation Couche-Tard Inc.’s acquisition of competitor Jet-Pep, Inc. would violate federal antitrust law. Under the terms of the acquisition, ACT will acquire ownership or operation of 120 Jet-Pep retail stations. As […]