Announced Action for May 6, 1998

For Your Information

Consent agreements given final approval: Following a public comment period, the Commission has made final a consent agreement with the following entity. The Commission action makes the consent order binding on the respondent.

  • A final consent order with CUC International Inc. (CUC) will settle FTC allegations that its purchase of HFS Incorporated (HFS) would have created a virtual monopoly in the worldwide market for full-service timeshare exchange services. Under the terms of the order, CUC is required to divest all of its Interval timeshare exchange business assets to Interval Acquisition Corporation (IAC), a new entrant into the timeshare exchange services market controlled by a venture capital firm, Willis Stein & Partners, L.P. The Commission vote to make the order final was 4-0, with Commissioner Mozelle W. Thompson not participating. The divestiture to IAC was consummated during the comment period on this consent. (See news release dated December 17, 1997; Docket No. C-3805. Staff contact is Daniel P. Ducore, 202- 326-2526)

Copies of the documents referenced above are available from the FTC’s web site at and also from the FTC’s Consumer Response Center, Room 130, 6th Street and Pennsylvania Avenue, N.W., Washington, D.C. 20580; 202-FTC-HELP (202- 382-4357); TDD for the hearing impaired 1-866-653-4261. Consent agreements subject to public comment also are available by calling 202-326-3627. To find out the latest news as it is announced, call the FTC NewsPhone recording at 202-326-2710.

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