Commission Approves Federal Register Notice Extending Proposed Business Opportunity Rebuttal Comment Period; FTC/Federal Reserve Board Issue Joint Report on FCRAs Consumer Dispute Provisions; Commission Approves Final Consent Order in Matter of

For Your Information

Commission approval Federal Register notice:

– In response to a request from the public, the Commission has approved the publication of a Federal Register notice extending the rebuttal comment period for the proposed Business Opportunity Rule to September 29, 2006. In a Federal Register notice published on April 12, 2006, the FTC requested comments on the proposed rulemaking. Comments had to be submitted to the Commission on or before June 16, 2006, with rebuttal comments to be submitted on or before July 7, 2006. On June 1, 2006, the FTC extended the public comment period to July 17, 2006, and the rebuttal period to August 7, 2006. The Commission has now extended the time for rebuttals further, requiring rebuttals to be submitted on or before September 29, 2006.

The Commission vote approving issuance of the Federal Register notice was 5-0. (FTC File No. R5119933; the staff contact is Steven Toporoff, Bureau of Consumer Protection, 202-326-3135; see press releases dated April 5 and June 2, 2006.)

Commission approval of joint agency FACTA report:

– The Commission and the Federal Reserve Board on Wednesday issued a joint report to Congress on compliance with the consumer dispute provisions of the Fair Credit Reporting Act (FCR)A. The Fair and Accurate Credit Transactions Act of 2003 (FACT Act), which generally amends the FCRA, required the FTC and the Board to conduct a study of the extent to which consumer reporting agencies and furnishers of information to consumer reporting agencies (CRAs) complied with certain FCRA requirements.

The study found that, although most consumer disputes appear to be processed within the statutory timeframe, there is disagreement as to the adequacy of the investigations performed by the CRAs and by the furnishers of information. The resulting report recommends no additional administrative or legislative action at this time to amend the dispute process. Rather, the FTC and the Board believe that recent FACT Act provisions intended to enhance the customer dispute process should be given time to take effect. The FTC and the Board will continue to monitor the performance of the dispute process, explore possible enhancements, and make recommendations for action, if appropriate.

The Commission vote approving issuance of the report was 5-0. (FTC File No. P044808; the staff contact is Rebecca Kuehn, Bureau of Consumer Protection, 202-326-2017.)

Commission approval of final consent order:

– Following a public comment period, the Commission has approved the issuance of a final consent order in the matter concerning Hologic, Inc. and Fischer Imaging Corporation. The vote approving issuance of the final order was 5-0. (FTC File No. 051-0263; the staff contact is Jeffrey H. Perry, Bureau of Competition,
202-326-2331.)

Copies of the documents mentioned in this release are available from the FTC’s Web site at http://www.ftc.gov and from the FTC’s Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, DC 20580. Call toll-free: 1-877-FTC-HELP.

Media Contact:

Office of Public Affairs
202-326-2252

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