FTC Blogs

Don’t bank on a “cleared” check

Fake check scams take advantage of what we don’t know about how banks handle check deposits. Scammers do know, and they trick people into sending them money before the bank spots the fake. The FTC’s Consumer Sentinel Network database shows that people reported more than 27,000 fake check scams in 2019, with reported losses topping $28 million dollars. And the data suggest that fake check scams disproportionately harm young adults – especially people in their twenties.

What’s new for people in the military community?

During Military Consumer Month, the FTC is launching a new tool to explore what problems military consumers may experience in the marketplace. For the first time, data about the FTC’s reports from military personnel will be available online in an interactive dashboard at ftc.gov/exploredata.

Protecting your small business, one video at a time

Small businesses like yours are important. They create jobs, support a competitive marketplace, and lift up local communities. As a small business owner, you’ve worked hard to start your business and make it into something you can be proud of. That’s why it’s important to know how to protect your employees and customers from a range of cyber and financial threats.

Real-Time Transparency for HSR Transaction Numbers

In response to increased interest in levels of M&A activity, the Bureau of Competition’s Premerger Notification Office (PNO) is responding in real-time by posting monthly figures for Hart-Scott-Rodino (HSR) Act filings.  Starting today, the PNO is posting monthly totals for the most recent six-month period, and will update the numbers on a six-month rolling basis on the PNO homepage.  While the Commission publicly reports monthly HSR transaction numbers in its

Company claimed “Ships Tomorrow,” but where were the masks and respirators?

An online company advertising consumer goods, including personal protective equipment like masks and respirators, does business under the name SuperGoodDeals.com. But based on the illegal conduct alleged in a lawsuit just filed by the FTC, maybe it’s because the URL SuperDeceptivePractices.com was already taken.

FTC releases agenda for Safeguards Rule virtual workshop

Financial institutions collect personal information from customers every day, from names and addresses to bank account and Social Security numbers. The Gramm-Leach-Bliley Act’s Safeguards Rule requires those institutions to develop, implement, and maintain a comprehensive information security program. As part of its regulatory review process, the FTC has proposed changes to the Rule.