FTC Halts Bogus Cancer Cures
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The Federal Trade Commission has brought to a halt two peddlers of bogus cancer cures that were targeted during Operation False Cures, a law enforcement sweep announced last fall. The FTC charged the...
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FTC Intervenes in BASFs Proposed $5.1 Billion Acquisition of Ciba Holding Inc.
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BASF has settled Federal Trade Commission charges that its proposed $5.1 billion acquisition of rival chemical manufacturer Ciba Holding Inc. would be anticompetitive and violate federal law by...
FTC Offers Red Flags Web Site To Help Creditors and Financial Institutions Design Identity Theft Prevention Programs
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The Federal Trade Commission has launched a Web site to help entities covered by the Red Flags Rule design and implement identity theft prevention programs. The Rule requires “creditors” and...
Telemarketers Settle Charges of Misleading Consumers with Free Product Pitches
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A group of sellers and telemarketers charged in 2008’s “Operation Tele-PHONEY” interagency law enforcement sweep have agreed to post a $5 million performance bond before calling consumers and have...
Competition Acting Director David Wales to Leave FTC
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Federal Trade Commission Chairman Jon Leibowitz announced today that David P. Wales, Acting Director of the Bureau of Competition for the past nine months, will leave the FTC in May. “Dave has done a...
FTC Testifies in Support of Bill Banning Pay-for-Delay Settlements Between Brand and Generic Drug Companies
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Testifying today on behalf of the Federal Trade Commission before the U.S. House Subcommittee on Commerce, Trade, and Consumer Protection of the Committee on Energy and Commerce, FTC Commissioner J...
New FTC Web Site Helps Consumers Cope With Tough Economic Times
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The Federal Trade Commission, the nation’s consumer protection agency, has a new Web site at ftc.gov/MoneyMatters for people dealing with debt; struggling to find a job; or trying to create a budget...
Bristol-Myers Squibb to Pay $2.1 Million Penalty for Failure to Disclose Agreement Involving Substantial Payments to Delay Entry of a Generic Version of the Drug Plavix
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Drug maker Bristol-Myers Squibb Company (BMS) will pay $2.1 million – the largest fine allowed by law – for failing to inform the Federal Trade Commission of agreements reached with Apotex, Inc...
FTC Tells Congress Changes in Law and More Resources Would Enhance the Agencys Consumer Protection Efforts in Financial Services Markets
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The Federal Trade Commission today told the U.S. House Subcommittee on Financial Services and General Government of the Committee on Appropriations that the FTC has intensified its efforts to protect...
Chairman Issues Commissions Annual Report at ABA Spring Meeting
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Federal Trade Commission Chairman Jon Leibowitz today issued the FTC’s 2009 Annual Report at the American Bar Association’s Section of Antitrust Law Spring Meeting in Washington, DC. “The FTC in 2009...
FTC Charges Dish Network, Formerly Known as EchoStar, with Multiple Do Not Call Violations
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The U.S. Department of Justice, at the Federal Trade Commission’s request, filed suit today in federal district court charging that satellite television provider Dish Network, directly and through its...
Court Halts Bogus Mortgage Loan Modification Operations
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At the request of the Federal Trade Commission, a U.S. district court has ordered two companies to stop falsely advertising that they are part of a government-endorsed mortgage assistance network and...
FTC Testifies on Efforts to Protect Consumers of Financial Services; Urges New Tools for Stronger Enforcement Authority
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The Federal Trade Commission today told the U.S. House Subcommittee on Commerce, Trade and Consumer Protection of the Committee on Energy and Commerce that the FTC will continue protecting consumers...
FTC Staff Comment Says Bills to Authorize Collective Bargaining by Minnesota Health Care Cooperatives will Raise Health Care Costs for Minnesota Consumers
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According to the staff of the Federal Trade Commission, legislation pending before the Minnesota legislature that seeks to exempt certain activities by Minnesota health care cooperatives from federal...
FTC Approves Federal Register Notice Establishing New Fiber Name and Definition; Commission Approves Final Consent Order in Matter of Genica Corporation
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FTC Approves Federal Register Notice Establishing New Fiber Name and Definition The FTC has approved the publication of a Federal Register notice amending Commission Rule 7(c) of the Rules and...
FTC Tells U.S. Civil Rights Commission About Efforts to Protect Consumers from Unfair Mortgage Lending Practices
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In a statement presented today to the United States Commission on Civil Rights, the Federal Trade Commission described its efforts to protect consumers from unfair, deceptive, and discriminatory...
Undercover Inspections of Funeral Homes in Seven States Ensure that Consumers Receive Price Lists Required by Law
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Federal investigators working undercover in seven states during 2008 found significant violations of the Funeral Rule at 26 of 104 funeral homes visited. The Federal Trade Commission, which enforces...
QVC to Pay $7.5 Million to Settle Charges that It Aired Deceptive Claims
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QVC, Inc., a TV home shopping channel and one of the world’s largest multimedia retailers, has agreed to pay $7.5 million to settle Federal Trade Commission charges that it made false and...
April 17 Public Hearing in Washington, DC to Focus on Intellectual Property
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The Federal Trade Commission today announced the fourth in a series of public hearings exploring the evolving market for intellectual property. These hearings, to be held April 17, 2009, in Washington...
FTC Charges Seven Credit Repair Companies with Deceiving Consumers Throughout the U.S.
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The Federal Trade Commission has charged seven related companies with violating federal law by falsely promising to remove negative information from consumers’ credit reports, even information that is...
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