A federal judge in Florida has permanently banned Kevin W. Guice from the telemarketing and debt-relief industries, agreeing with the Federal Trade Commission and the State of Florida that he founded and operated a massive debt-relief scam that took in over $23 million from more than 10,000 consumers, until halted by a June 2016 temporary […]
Monthly Archives: December 2018
Banker Teleconference:
FIL-85-2018 December 12, 2018 Banker Teleconference: Regulatory Capital Rule: Capital Simplification for Qualifying Community Banking Organizations Printable Format: FIL-85-2018 – PDF (PDF Help) Summary: The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve System (the Agencies) will host an interagency conference […]
FTC Tops the List of “Best Places to Work” Among Mid-Size Federal Agencies
The Federal Trade Commission today was rated the number one place to work among mid-size federal government agencies for 2018 by the non-profit, non-partisan Partnership for Public Service, based on the FTC’s high ratings for employee engagement, and other factors including agency leadership, strategic management, and innovation. “I am so proud of my colleagues, whose […]
FTC Testifies before House Subcommittee on Regulatory Reform, Commercial and Antitrust Law on Competition Enforcement Activities and Policy Priorities
In testimony before the U.S. House Subcommittee on Regulatory Reform, Commercial and Antitrust Law, the Federal Trade Commission described its current competition enforcement activities and policy priorities. Testifying on behalf of the FTC, Chairman Joseph J. Simons outlined recent FTC initiatives to preserve and promote competition for the benefit of American consumers. These include notable […]
Testimony on “Oversight of the U.S. Securities and Exchange Commission”
Washington D.C. Dec. 11, 2018 Before the U.S. Senate Committee on Banking, Housing, and Urban Affairs Chairman Crapo, Ranking Member Brown and Senators of the Committee, thank you for the opportunity to testify before you today about the work of the U.S. Securities and Exchange Commission (SEC or Commission or Agency).[1] Chairing the Commission is a […]
Two Defendants Settle Allegations in ‘Money Now Funding’ Credit Card Charge Laundering Scheme
Two defendants charged with laundering millions of dollars in credit card charges through fraudulent merchant accounts have settled with the Federal Trade Commission. Under the proposed settlement order, the defendants, Nikolas Mihilli and Dynasty Merchants, LLC – a company created by Mihilli to launder fraudulent transactions – are prohibited from engaging in credit card laundering. […]
Defendant in Fraudulent Business Coaching Scheme Settles with FTC
One of the defendants involved in MOBE, a massive internet marketing and business coaching scheme alleged to have bilked hundreds of millions of dollars from consumers worldwide, has agreed to settle with the Federal Trade Commission. In June 2018, the FTC charged the MOBE enterprise and three individuals with orchestrating the “My Online Business Education” […]
FTC Proposes Amendments to Improve Usability of the Energy Labeling Rule
The Federal Trade Commission has approved a Federal Register notice seeking comments on proposed non-substantive changes to the Energy Labeling Rule (Rule). The proposed amendments would organize the Rule’s product descriptions to make it easier for stakeholders to identify relevant covered products, particularly for categories (such as lighting) that contain several different product types and […]
FTC Hearings on Competition and Consumer Protection in the 21st Century Continue With Examination of Data Security
What: The Federal Trade Commission will host the ninth session of its Hearings on Competition and Consumer Protection in the 21st Century, which will examine data security. When: Tuesday, December 11, 10:10 a.m.-4:30 p.m. and Wednesday, December 12, 9:30 a.m.-4:30 p.m. Where: FTC Constitution Center Auditorium400 7th St., SW, Washington, DC 20024 Who: The hearing […]
FTC Settlements Will Ban Student Loan Debt Relief Operators From Engaging in Debt Relief Services
The operators of two Florida-based student loan debt relief schemes are banned from the debt relief business as part of agreements settling Federal Trade Commission allegations that they collected illegal upfront fees and falsely promised to help some consumers enroll in government programs that would reduce or forgive their student loan debt. The settlements with […]