FIL-21-2018 April 17, 2018 Electronic Fingerprinting for Background Checks Related to Applications Printable Format: FIL-21-2018 – PDF (PDF Help) Summary: The FDIC is moving to electronic fingerprinting to facilitate background checks performed in connection with applications and notices submitted to the FDIC, including: applications for federal deposit insurance, notices of acquisition of control, requests for […]
Monthly Archives: April 2018
FTC Obtains Court Orders Banning Marketer from Negative-Option Sales
The ringleader of an operation that lured people into an expensive negative-option scam using a low-cost “trial” offer for tooth whiteners and other products is banned from negative-option sales under a settlement with the Federal Trade Commission. The settlement order is one of three orders resolving FTC charges against Blair McNea, Jennifer Johnson, Danielle Foss […]
FTC Commissioner Terrell McSweeny to Resign
Terrell McSweeny, who has served as a Commissioner of the Federal Trade Commission since April 2014, has issued a statement announcing her resignation later this month. “Commissioner McSweeny has been a steadfast advocate for consumers and competition at the Federal Trade Commission,” Acting FTC Chairman Maureen K. Ohlhausen said. “Her expertise and enthusiasm have been […]
Uber Agrees to Expanded Settlement with FTC Related to Privacy, Security Claims
Uber Technologies, Inc. has agreed to expand the proposed settlement it reached with the Federal Trade Commission last year over charges that the ride-sharing company deceived consumers about its privacy and data security practices. After the announcement of last year’s proposed settlement, the Commission learned that Uber had failed to disclose a significant breach of […]
Debt Relief Scammers Settle with FTC and Florida; Will Submit $35 Million in Assets for Consumer Redress
Three marketers who allegedly sold phony debt relief services, including fake loans, have agreed to be banned from selling debt relief, credit repair and financial products and services, to be banned from telemarketing, and to turn over assets worth approximately $35 million dollars, under settlements with the Federal Trade Commission and the State of Florida. […]
FTC Approves Fiscal Year 2017 Hart Scott Rodino Premerger Notification Report
The Federal Trade Commission and the Justice Department’s Antitrust Division released the agencies’ 40th Annual Hart-Scott-Rodino Report. The Report provides HSR Premerger Notification data for fiscal year 2017. The HSR Premerger Notification Program is the means by which companies report mergers and acquisitions to the government, enabling the agencies to examine transactions and take action […]
FTC Staff Warns Companies that It Is Illegal to Condition Warranty Coverage on the Use of Specified Parts or Services
The Federal Trade Commission staff has sent warning letters to six major companies that market and sell automobiles, cellular devices, and video gaming systems in the United States. The letters warn that FTC staff has concerns about the companies’ statements that consumers must use specified parts or service providers to keep their warranties intact. Unless […]
FTC Acting Chairman Releases 2017 Annual Highlights
Federal Trade Commission Acting Chairman Maureen K. Ohlhausen released the agency’s 2017 Annual Highlights today, detailing its continued efforts to protect American consumers and promote competition without unnecessarily burdening legitimate businesses. “This year, the FTC has pressed forward with aggressive agendas for enforcing the nation’s consumer protection and competition laws,” said Acting Chairman Ohlhausen. “The […]
FTC to Launch Campaign to Help Small Businesses Strengthen Their Cyber Defenses
The Federal Trade Commission is launching a national education campaign to help small businesses strengthen their cyber defenses and protect sensitive data that they store. As outlined in a new Staff Perspective report, the FTC will develop and distribute reader-friendly educational materials with information about cybersecurity that small businesses need. The effort grew out of […]
FFIEC Issues Joint Statement: Cyber Insurance and Its Potential Role in Risk Management Programs
FIL-16-2018 April 10, 2018 FFIEC Issues Joint Statement: Cyber Insurance and Its Potential Role in Risk Management Programs Printable Format: FIL-16-2018 – PDF (PDF Help) Summary: The FDIC, as a member of the Federal Financial Institutions Examination Council (FFIEC), is issuing the attached statement addressing factors to consider regarding cyber insurance. Statement of Applicability to […]