FTC Testifies Before the House Energy and Commerce Subcommittee On Its Work to Protect Consumers and Promote Competition

The Federal Trade Commission testified today before the House Energy and Commerce Subcommittee on Consumer Protection and Commerce about its efforts to effectively protect consumers and promote competition, while anticipating and responding to changes in the marketplace. Testifying on behalf of the Commission, FTC Chairman Joseph J. Simons and Commissioners Noah Joshua Phillips, Rohit Chopra, Rebecca Kelly Slaughter, and Christine […]

FTC Announces First Actions Exclusively Enforcing the Consumer Review Fairness Act

The Federal Trade Commission has issued three separate proposed administrative complaints and orders enforcing the Consumer Review Fairness Act (CRFA), which prohibits businesses from using form contract provisions that bar consumers from writing or posting negative reviews online, or threatening them with legal action if they do. These are the first Commission actions exclusively focused […]

FTC Submits Comment on FDA Guidance Regarding Nonproprietary Naming of Biological Products

The Federal Trade Commission staff has responded to the Food and Drug Administration’s request for comment on its updated industry guidance regarding nonproprietary naming of biological products. The FDA proposes to add a unique, meaningless suffix to the nonproprietary name of all biosimilar and interchangeable products and to any reference biologic approved after January 2017. […]

Proposed Revisions to the Consolidated Reports of Condition and Income

FIL-25-2019 May 7, 2019 Proposed Revisions to the Consolidated Reports of Condition and Income Printable Format: FIL-25-2019 – PDF (PDF Help) Summary: The banking agencies, under the auspices of the Federal Financial Institutions Examination Council (FFIEC), are requesting comment on proposed revisions to the Consolidated Reports of Condition and Income (Call Report) that would introduce […]

FTC Announces Regulatory Review Schedule

As part of the Federal Trade Commission’s systematic review of all current FTC rules and guides, the agency is announcing a revised regulatory review schedule. In 2019, the Commission intends to initiate review of and solicit public comments on the Funeral Industry Practices Rule, 16 CFR 453. To ensure that its rules and industry guides […]

FTC to Host Strictly Business: A Forum on Small Business Financing

WHAT: The Federal Trade Commission will host a forum on small business financing. WHEN: Wednesday, May 8, 8:30 a.m. – 12:45 p.m. ET (Doors open for registration at 7:45 a.m.) WHERE: Constitution Center400 7th St SWWashington, DC 20024 WHO: The forum will feature opening remarks by FTC Commissioner Rohit Chopra and closing remarks by FTC […]

In Senate Testimony, FTC Highlights Work to Protect Consumers, Promote Competition

In testimony before the Senate Appropriations Subcommittee on Financial Services and General Government, the Federal Trade Commission described its work to protect consumers and promote competition through vigorous enforcement, education, advocacy, and policy work, and by anticipating and responding to changes in the marketplace. Testifying on behalf of the Commission, Chairman Joseph J. Simons noted […]

Administrative Law Judge Upholds FTC’s Complaint Challenging Consummated Merger of Companies that Make Microprocessor Prosthetic Knees

In an Initial Decision announced today, Chief Administrative Law Judge D. Michael Chappell upheld a Federal Trade Commission complaint challenging the consummated merger of two prosthetics manufacturers that are top sellers of prosthetic knees equipped with microprocessors. According to the FTC’s December 2017 administrative complaint, microprocessor prosthetic knees or MPKs, which use microprocessors to adjust […]

William C. Gennity and Rocco Roveccio

On May 3, 2019, a federal district court entered a final consent judgment against a broker who was charged with defrauding customers by making unsuitable and unauthorized trades and churning customers’ accounts, which enriched the broker at the customers’ expense. The SEC’s complaint, filed in the Southern District of New York, alleges that from July […]

FTC Charges Operator of Crowdfunding Scheme

The Federal Trade Commission has taken legal action against the operator of a deceptive crowdfunding scheme who told consumers he was raising money to develop a high-tech backpack and other products, but failed to deliver any of the products and instead used much of the funds for himself. In its complaint, the FTC alleges that […]