For Your Information: December 23, 2008 FTC Issues Third Interim Report to Congress
on Results of Studies Required by FACT ActThe Federal Trade Commission has issued an interim report to Congress under Section 319 of the Fair and Accurate Credit Transactions Act of 2003, which requires the FTC to study the accuracy and completeness of information in consumers’ credit reports and to consider methods for improving the accuracy and completeness of such information.
For Your Information: December 23, 2008 Commission Approves Federal Register Notice Adjusting Civil Penalty AmountsThe FTC has approved a Federal Register notice amending Commission Rule 1.98 to adjust its civil penalty dollar amounts in accordance with the Federal Civil Penalties Inflation Adjustment Act of 1990 (the Act).
For Release: December 16, 2008 Policy Planning Director Maureen Ohlhausen To Leave FTC; James Cooper Named Acting DirectorFederal Trade Commission Chairman William E. Kovacic announced today that Maureen Ohlhausen, Director of the agency’s Office of Policy Planning for the past four years, will leave the agency, and that James Cooper, currently the Deputy Director, has been named Acting Director.
For Release: December 16, 2008 Mortgage Lender Agrees to Settle FTC Charges That It Charged African-Americans and Hispanics Higher Prices for LoansA home mortgage lender has agreed to settle Federal Trade Commission allegations that it violated federal law by charging African-American and Hispanic consumers higher prices for mortgage loans than non-Hispanic white consumers – price disparities that cannot be explained by the applicants’ credit characteristics or underwriting risk.
December 15, 2008
For Release: December 15, 2008 ESL Partners and ZAM Holdings Agree to Pay $800,000 in Civil Penalties for Premerger Filing ViolationsThe Federal Trade Commission today announced the filing of a complaint in federal district court charging two investment funds, ESL Partners, L.P. and ZAM Holdings, L.P., with violating federal law by failing to make timely filings with the government prior to acquiring blocks of AutoZone, Inc. shares in September and October of 2004.
For Your Information: December 12, 2008 Getting Rid of Your Old Computer?Computers are a popular gift during the holiday season. People with a new computer often wonder about the best way to get rid of the old one. OnGuardOnline.gov, the computer safety Web site managed by the Federal Trade Commission, has some tips to make this task easier – and more secure.
For Release: December 10, 2008 Court Halts Bogus Computer ScansAt the request of the Federal Trade Commission, a U.S. district court has issued a temporary halt to a massive “scareware” scheme, which falsely claimed that scans had detected viruses, spyware, and illegal pornography on consumers’ computers.
For Release: December 4, 2008 Marketers of Mystery Shopper Scam Settle with FTC; Agree to Pay $850,000An operation that lured consumers with promises that they could earn big money as trained and certified “mystery shoppers ” has agreed to pay $850,000 to settle charges of deceptive marketing and contempt.
For Release: December 3, 2008 Internet Marketers of Dietary Supplement for Weight Loss Agree to Pay $150,000 A Utah-based operation that lured online customers with free samples of a purported weight-loss supplement in a scheme to obtain their credit or debit card information has agreed to pay $150,000 to settle Federal Trade Commission charges of deceptive and unfair marketing, and of violations of federal regulations governing the electronic transfer of funds.
