For Your Information: APRIL 30, 1996 Announced Actions for April 30, 1996 Applications for prior approval of transactions: The FTC has received an application for prior approval of a divestiture from the following. The application will be subject to public comment for 30 days, until May 30.
FOR RELEASE: APRIL 26, 1996 One of the Individual Defendants in a FTC "Recovery Room" Fraud Case Agrees To Settle
Angelo DeLon, one of the defendants sued by the Federal Trade Commission over his role in an allegedly deceptive telemarketing scheme that purported to recover money consumers lost to investment fraud, has agreed to post a $50,000 performance bond to protect consumers before engaging in, or assisting others in, any telemarketing activities in the future.
April 24, 1996
For Your Information: APRIL 24, 1996 Informercials
Have you ever seen infomercials that tout easy ways to make money in real estate or home-based businesses, or tell you how to get low-interest government loans or grants to start a new business or go to college? Perhaps you have been enticed by advertisements in the classified section of your newspaper or magazines that promise "big money" can be made through business opportunities or work-at-home schemes.
FOR RELEASE: APRIL 24, 1996 Rite Aid Abandons Proposed Acquisition of Revco after FTC Sought To Black Transaction
Rite Aid Corporation has abandoned its proposed acquisition of Revco D.S., Inc. after the Federal Trade Commission voted April 17 to authorize its staff to seek a preliminary injunction in federal court blocking the transaction.
April 23, 1996
For Your Information: APRIL 23, 1996 Announced Actions for April 23, 1996 Applications for prior approval of transactions: The FTC has received an application for prior approval of a divestiture from the following. The application will be subject to public comment for 30 days, until May 23.
For Your Information: APRIL 22, 1996 FTC Offers Earth Day Tips To Save Energy, Lowever Utility Bills
For anyone who thinks contributing to a cleaner environment means inconvenience and sacrifice, there’s good news: Doing a few simple things in your own home can help reduce pollution and waste.
April 19, 1996
For Your Information: APRIL 19, 1996 Announced Actions for April 19, 1996 Applications for prior approval of transactions: The FTC has received an application for prior approval of a divestiture from the following. The application will be subject to public comment for 30 days, until May 20.
FOR RELEASE: APRIL 19, 1996 Nevada Telemarketers Agree To Pay $377,000 To Settle FTC Charges
EDJ Telecommunications, Inc., doing business as International Marketing, a Las Vegas company, and its officers, Judy Burr and David L. Ramos, have agreed to settle Federal Trade Commission charges that they orchestrated a scheme in which consumers were told they would win one of four "extremely valuable" prizes if they purchased materials purported to be part of "Say No To Drugs" or "Say No To Violence" programs.
April 18, 1996
FOR RELEASE: APRIL 18, 1996 Lockheed Martin To Settle Charges in Loral Acquisition
Lockheed Martin Corporation will settle Federal Trade Commission charges that its $9.1 billion acquisition of Loral Corporation would violate antitrust laws.
FOR RELEASE: APRIL 18, 1996 The May Department Stores Company Agrees To Ensure Accuracy of Consumer Credit Information
The St. Louis, Missouri-based May Department Stores Company (May Co.) has agreed to settle Federal Trade Commission charges that, when it converted its Thalhimer’s customers’ charge card accounts to Hecht’s accounts, the May Co.’s conversion process transferred obsolete derogatory information to the new accounts.
April 17, 1996
FOR RELEASE: APRIL 17, 1996 FTC Will Seek To Block Rite Aid/Revco Merger
Deal could lead to higher prescription prices in numerous metro areas
along the East Coast and in the Midwest, agency alleges
April 16, 1996
FOR RELEASE: APRIL 15, 1996 New Telemarketing Sales Rule "Strong New Weapon" Against Demand Draft Fraud, FTC Says
The Federal Trade Commission said today that the Telemarketing Sales Rule implemented by the Commission will be a “strong new weapon in the arsenal against demand draft fraud and telemarketing fraud....” Testifying for the Commission before the House Banking Committee, Jodie Bernstein, Director of the FTC’s Bureau of Consumer Protection said that although the Rule has only been in effect since December 31, 1995, the Commission has already brought law enforcement actions against a cluster of companies that violated the demand draft consent provisions of the rule.
April 12, 1996
For Your Information: APRIL 12, 1996 Freightliner Seeks Exemption from FTC Franchise Rule
The Freightliner Corporation has asked the Federal Trade Commission to exempt the company’s sale of truck dealership franchises from the disclosure requirements of the FTC’s Franchise Rule.
FOR RELEASE: APRIL 12, 1996 FTC Approves "Lyocell" for Use in Fabric Content Labeling
The Federal Trade Commission will allow clothing manufacturers and other marketers to use the name “lyocell” in the fiber content labels they are required by law to place in garments and other textile products sold in the United States.
FOR RELEASE: APRIL 9, 1996 Nevada Telemarketer Agrees To Settle FTC Charges of Running Bogus "Recovery Room"
Keith Parker, president of Desert Financial Group (DFG), a Las Vegas company, has agreed to settle Federal Trade Commission charges that they falsely told consumers -- most of them senior citizens -- that for an up-front fee, sometimes exceeding $1,000, they could recover all or almost all of the money that they had lost to other telemarketing companies.
FOR RELEASE: APRIL 9, 1996 Ford, Young & Rubicam Settle FTC Charges Over Exaggerated Cabin Air Filter Claims
Ford Motor Company and its advertising agency, Young & Rubicam, Inc., have agreed to settle Federal Trade Commission charges that they made false claims about the extent to which Ford’s MicronAir Filtration System can remove air pollutants from its automobile passenger cabins.
April 5, 1996
For Your Information: APRIL 5, 1996 American Medical Association
The Federal Trade Commission staff has advised the American Medical Association (AMA) that its proposal to disseminate to the public information relating to proposed revisions to Medicare’s resource-based relative value scale (RBRVS) does not appear to violate the antitrust laws.
For Your Information: APRIL 5, 1996 Announced Actions for April 5, 1996 Applications for prior approval of transactions: The FTC has received an application for prior approval of a divestiture from the following. The application will be subject to public comment for 30 days, until May 6.
For Your Information: APRIL 3, 1996 FTC Reviews Industry Guides for Mirror and Vocational Schools Industries
As part of its ongoing periodic review of its rules and guides and in keeping with the objective to eliminate obsolete or unnecessary regulatory requirements, the Federal Trade Commission is seeking public comment on two of its guides -- the Guides for Private Vocational Schools and the Guides for the Mirror Industry.
For Your Information: APRIL 3, 1996 FTC Reviews Used Oil Rule
The Federal Trade Commission has proposed to repeal its 1964 Used Oil Rule as unnecessarily duplicative.
For Your Information: APRIL 3, 1996 FTC Seeks Public Comment on a Set of Warranty-Related Rules and Guides
As part of its ongoing periodic review of its rules and guides and in keeping with the objective to eliminate obsolete or unnecessary regulatory requirements, the Federal Trade Commission is seeking public comment on a set of warranty-related rules and guides -- its Interpretations on the Magnuson-Moss Warranty Act; its Rule Governing Disclosure of Written Consumer Product Warranty Terms and Conditions (Rule 701); its Rule Governing Pre-Sale Availability of Written Warranty Terms (Rule 702); and its Guides for the Advertising of Warranties and Guarantees (Guides).
April 2, 1996
FOR RELEASE: APRIL 30, 1996 2,682 Victims of Credit Card Number Trafficking Scheme To Get Partial Refunds
The Federal Trade Commission announced today that it has distributed funds out of a $292,500 redress account to 2,682 consumers across the nation who were victimized as part of a telemarketing scheme in which the defendants allegedly were trafficking in consumers’ credit card numbers. According to the FTC, the victims had agreed only to use a 3D camera on a free-trial basis, but the defendants already knew the consumers’ credit card numbers and each of the consumers’ accounts was charged without their knowledge or authorization.
