Petition for approval of proposed divestiture: The Commission has received a petition from Kyphon, Inc. requesting approval of a proposed divestiture related to its recent acquisition of certain assets from Disc-O-Tech Medical Technologies, Ltd. and Discotech Orthopedic Technologies, Inc. (collectively Disc-O-Tech). The divestiture is required under an FTC decision and order announced in October 2007, […]
Category Archives: Federal Trade Commission
Court Affirms Ruling: Magazine Seller Will Pay More Than $7 Million
On October 22, the U.S. Court of Appeals for the Eleventh Circuit affirmed a lower court’s judgment ordering a magazine subscription seller to pay a civil penalty of more than $5.4 million and give up more than $1.6 million of his ill-gotten gains for violating a 1996 Federal Trade Commission consent order and the FTC’s […]
FTC Announces Law Enforcement Crackdown on Do Not Call Violators
The Federal Trade Commission today announced a law enforcement crackdown on companies and individuals accused of violating the requirements of the National Do Not Call (DNC) Registry, resulting in six settlements collectively imposing nearly $7.7 million in civil penalties, along with an additional complaint that will be filed in federal district court. The actions, brought […]
Nationwide Debt Collector Will Pay $1.3 Million to Settle FTC Charges
A Texas-based debt collection company will pay more than $1.3 million to settle Federal Trade Commission charges that it misled, threatened, and harassed consumers in violation of federal law. “Debt collectors who get complaints from consumers should not only take notice, but also take action,” said Lydia B. Parnes, Director of the FTC’s Bureau of […]
FTC Creates Consumer Hotline for Consumers Who Paid for Debt Reduction Services
The Federal Trade Commission has created a consumer hotline for consumers who purchased “debt reduction services” from Edge Solutions, Money Cares, the Debt Settlement Company, the Debt Elimination Center, and Pay Help Inc. The hotline is in addition to a letter that was recently sent to the customers of Edge Solutions and the other companies, […]
Commission Receives Petition to Reopen and Modify Order in Matter of Nine West Group; FTC Approves Final Consent Order in Matter of Merck KGaA and Mylan Laboratories
Petition to reopen and modify order: The Commission has received a petition from Nine West Group, Inc. to reopen and modify a prior FTC order. As detailed in the petition, a copy of which can be found on the FTC’s Web site and as a link to this press release, Nine West has requested that […]
FTC Chairman to Announce Law Enforcement Sweep Targeting Companies Violating Do Not Call Rules
Federal Trade Commission Chairman Deborah Platt Majoras will host a press conference on Wednesday, November 7 at 10:30 am in Washington, DC, to announce the results of a law enforcement sweep targeting companies and individuals who allegedly violated the rules associated with the National Do Not Call Registry for telemarketers. The Chairman will be joined […]
FTC Staff Files Mortgage Disclosure Comments With Banking Agencies
The Federal Trade Commission today released staff comments to the federal banking agencies – the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the National Credit Union Administration – in response to their request for comments […]
Agencies Issue Final Rules on Identity Theft Red Flags and Notices of Address Discrepancy
The Federal Trade Commission and the federal financial institution regulatory agencies have sent to the Federal Register for publication final rules on identity theft “red flags” and address discrepancies. The final rules implement sections 114 and 315 of the Fair and Accurate Credit Transactions Act of 2003. According to a report of the President’s Identity […]
Business Opportunity Scammer Settles FTC Charges
Universal Advertising, Inc., and its owner, Paul E. Porter, have agreed to settle charges that they misled consumers into paying thousands of dollars for a venture they claimed would generate substantial earnings, without providing legally required substantiation for their claims. The settlement is a result of last year’s Project Fal$e Hope$, an FTC-led effort that […]