Online fashion retailer Fashion Nova will pay $9.3 million to settle Federal Trade Commission charges that it didn’t properly notify consumers and give them the chance to cancel their orders when it failed to ship merchandise in a timely manner, and that it illegally used gift cards to compensate consumers for unshipped merchandise instead of providing […]
Monthly Archives: April 2020
FTC Safeguards Workshop Postponed Until July 13, 2020, Will be Held Online
The Federal Trade Commission announced that it has postponed its workshop seeking input on proposed changes to the Safeguards Rule under the Gramm-Leach-Bliley Act until July 13, 2020 and that the event will be held online. The virtual workshop, originally scheduled to take place on May 13, 2020, will continue to focus on some of […]
Action Needed for Social Security Recipients with Dependents Who Do Not File Tax Returns to Receive $500 Per Child Payment
SSA, RRB recipients with eligible children need to act by Wednesday to quickly add money to their automatic Economic Impact Payment WASHINGTON—The U.S. Department of the Treasury and Internal Revenue Service today urge social security and railroad retirement recipients who have qualifying children and did not file a 2018 or 2019 tax return to go […]
Treasury Finalizes Agreements with Major Airlines, Disburses Initial Payroll Support Program Payments
WASHINGTON – Today the U.S. Department of the Treasury concluded Payroll Support Program agreements with Allegiant Air, American Airlines, Delta Air Lines, Southwest Airlines, Spirit Airlines, and United Airlines. Alaska Airlines, Frontier Airlines, Hawaiian Airlines, JetBlue Airways, and SkyWest Airlines have also indicated that they plan to participate in the Payroll Support Program. […]
FTC Takes Action to Stop Direct Mail Pill Marketers’ Unproven Health Claims
The marketers of three supplements called Neurocet, Regenify, and Resetigen-D have settled a Federal Trade Commission compliant alleging they deceptively promoted their products to older Americans using false claims that their products could stop pain and treat age-related ailments. The proposed stipulated order would bar the defendants—five related companies called Mile High Madison Group, Inc., Nordic […]
Rent-To-Own Payment Plan Company Progressive Leasing Will Pay $175 Million to Settle FTC Charges It Deceived Consumers About Pricing
Progressive Leasing, a company that markets rent-to-own payment plans in tens of thousands of retail stores nationwide, will pay $175 million to settle Federal Trade Commission charges it misled consumers about the true price of items purchased through its plans. According to the FTC’s complaint, consumers who visited retailers to buy items such as furniture, […]
Treasury and CBP Announce Deferment of Duties and Fees for Certain Importers During COVID-19 Response
WASHINGTON — On April 18, 2020, President Donald J. Trump signed an Executive Order authorizing the Secretary of the Treasury to provide relief to certain U.S. businesses, including critical supply chains for U.S. manufacturers, during the COVID-19 pandemic. Pursuant to this authority, the Treasury Department and Customs and Border Protection today are issuing a […]
Treasury Partners with Veterans Affairs to Deliver Economic Impact Payments to Veterans Automatically
WASHINGTON — The U.S. Department of the Treasury and IRS announced today that they are working directly with the U.S. Department of Veterans Affairs (VA) to ensure Veterans and their beneficiaries who receive Compensation and Pension (C&P) benefit payments will receive their Economic Impact Payments automatically and without additional paperwork. “Economic Impact Payments will be […]
FTC Sends Report to Congress on Retailers’ Shipping Policies
The Federal Trade Commission has sent a report to Congress related to retailers’ policies concerning shipping to Alaska, Hawaii, and U.S. Territories, such as Puerto Rico. The report was requested by the U.S. House of Representatives Committee on Appropriations and addresses concerns that some companies may not ship to these areas, even though they are served […]
FTC Takes Action to Stop Company Posing as SBA Lender and Preying on Small Businesses
The Federal Trade Commission has charged a Rhode Island-based company and its owner with falsely claiming to be an approved lender for a federal coronavirus relief lending program and asked a federal court to immediately halt their misrepresentations. The FTC’s complaint alleges that Ponte Investments, LLC, also doing business as SBA Loan Program and SBA […]