Federal Trade Commission Press Releases - EIN Presswire - Press Release Distribution Service

Published on March 14, 2024 - 21:01 GMT

FTC and DOJ File Comment with the U.S. Copyright Office Supporting Renewal and Expansion of Exemptions Facilitating Consumers’ and ...

The Federal Trade Commission and the Department of Justice’s Antitrust Division (DOJ) have submitted a comment to the U.S. Copyright Office to advocate for regulations that would facilitate consumers’ and businesses’ right to repair their own products. The …

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Published on March 14, 2024 - 21:01 GMT

Tech Support Firms Will Pay $26 Million to Settle FTC Charges That They Deceived Consumers into Buying Repair Services

Two tech support companies will pay $26 million to settle Federal Trade Commission charges that they bilked tens of millions of dollars from consumers, particularly older consumers, by duping them into buying computer repair services in violation of the …

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Published on March 14, 2024 - 02:36 GMT

FTC Issues Infant Formula Supply Disruptions Report

Today, the Federal Trade Commission issued a report on market factors relevant to infant formula supply disruptions, which details aspects of the U.S. infant formula market that rendered it vulnerable to supply disruptions in 2022. The report also outlines …

Distribution channels: Business & Economy

Published on March 13, 2024 - 16:10 GMT

FTC Sends More Than $4.1 Million in Refunds to People Who Lost Money to Student Loan Debt Relief Scheme

The Federal Trade Commission is sending more than $4.1 million in refunds to people who lost money to student loan debt relief scammers who lured consumers with fake loan forgiveness claims and pocketed their money. The scheme used many names including …

Distribution channels: Business & Economy

Published on March 13, 2024 - 01:45 GMT

FTC Announces Appointment of Jay L. Himes as New Administrative Law Judge

The Federal Trade Commission announced the appointment of Jay L. Himes to serve as one of the agency’s Administrative Law Judges, who are responsible for independent adjudicative fact-finding in the agency’s administrative litigation and rulemaking …

Distribution channels: Business & Economy

Published on March 13, 2024 - 01:45 GMT

Federal Trade Commission Extends Public Comment Period on Proposed Improvements to the Energy Labeling Rule

The Federal Trade Commission is extending the deadline for the public to comment on a notice of proposed rulemaking concerning the EnergyGuide Labeling Rule. The new deadline is now April 19, 2024. In the notice published on February 2, 2024, the …

Distribution channels: Business & Economy

Published on March 12, 2024 - 17:00 GMT

Statement Regarding the Termination of Choice Hotel’s Proposed Takeover of Wyndham Hotels & Resorts

The Federal Trade Commission has learned that Choice Hotels International has abandoned its proposed acquisition of Wyndham Hotels & Resorts and withdrawn its nominations to replace Wyndham’s Board of Directors. In response, FTC Bureau of Competition …

Distribution channels: Business & Economy

Published on March 11, 2024 - 20:50 GMT

FTC Submits Annual Budget Request to Congress

The Federal Trade Commission submitted to Congress its Fiscal Year 2025 budget request, in support of the President’s FY 2025 budget for the federal government. The budget request also includes the Performance Plan for FY 2024 and FY 2025, and Performance …

Distribution channels: Business & Economy

Published on March 11, 2024 - 20:50 GMT

FTC, 10 States Take Action Against Operator of Sham Cancer Charity for Deceiving Donors

The Federal Trade Commission and 10 states are suing sham charity Cancer Recovery Foundation International, also known as Women’s Cancer Fund, and its operator, Gregory B. Anderson, for deceiving generous donors who sought to offer financial support to …

Distribution channels: Business & Economy

Published on March 8, 2024 - 20:48 GMT

FTC Chair Welcomes Ferguson and Holyoak as FTC Commissioners, Congratulates Commissioner Slaughter on Confirmation to Another Term

Federal Trade Commission Chair Lina M. Khan today congratulated Andrew N. Ferguson and Melissa Holyoak on their confirmation to serve as FTC commissioners and Commissioner Rebecca Kelly Slaughter on her confirmation to a second term. “Congratulations to …

Distribution channels: Business & Economy

Published on March 7, 2024 - 20:19 GMT

FTC Implements New Protections for Businesses Against Telemarketing Fraud and Affirms Protections Against AI-enabled Scam Calls

The Federal Trade Commission today announced a final rule extending telemarketing fraud protections to businesses and updating the rule’s recordkeeping requirements in light of developments in technology and the marketplace. The Commission also announced a …

Distribution channels: Business & Economy

Published on March 7, 2024 - 20:19 GMT

FTC Convenes Advisory Group to Fight Scams Against Older Adults

The Federal Trade Commission will host an online meeting of the Scams Against Older Adults Advisory Group on April 2, 2024. The meeting will include reports from the committees formed at the group’s inaugural meeting. Four committees are addressing …

Distribution channels: Business & Economy

Published on March 7, 2024 - 15:46 GMT

XCL Resources Seeks FTC’s Prior Approval for Altamont Energy Acquisition

The Federal Trade Commission is requesting public comment on an application from XCL Resources Holdings, LLC, a subsidiary of private equity firm EnCap Investment L.P., seeking prior approval from the agency to complete its proposed acquisition of Altamont …

Distribution channels: Business & Economy

Published on March 5, 2024 - 23:22 GMT

Federal Trade Commission, the Department of Justice and the Department of Health and Human Services Launch Cross-Government ...

The Federal Trade Commission, the Department of Justice’s (DOJ) Antitrust Division, and the U.S. Department of Health and Human Services (HHS) jointly launched a cross-government public inquiry into private-equity and other corporations’ increasing control …

Distribution channels: Business & Economy

Published on March 1, 2024 - 22:09 GMT

FTC and Partners Kick Off National Consumer Protection Week 2024

As part of National Consumer Protection Week (NPCW), the Federal Trade Commission and its partners, including consumer organizations, national advocacy organizations, and other federal, state, and local government agencies will participate in several …

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Published on March 1, 2024 - 21:34 GMT

FTC Hosts March 5 Virtual Workshop on Private Equity in Health Care

WHO: The workshop will feature remarks by FTC Chair Lina M. Khan, Commissioners Rebecca Kelly Slaughter and Alvaro Bedoya. Jonathan Kanter, Assistant Attorney General of the DOJ Antitrust Division, Christi Grimm, Inspector General of the Department of …

Distribution channels: Business & Economy

Published on February 29, 2024 - 22:09 GMT

FTC Testifies in Support of Colorado’s Right-to-Repair Law

The Federal Trade Commission today appeared before the Colorado General Assembly’s Committee on Business Affairs and Labor in support of proposed legislation that would expand the state’s right-to-repair laws to digital electronic equipment and would …

Distribution channels: Business & Economy

Published on February 29, 2024 - 02:57 GMT

FTC Announces Claims Process for Small Businesses Harmed by Payment Processor First American

The Federal Trade Commission is launching a claims process for small businesses harmed by payment processing company First American Payment Systems’ undisclosed early termination fees. The agency is mailing notices to 1,137 businesses who were customers of …

Distribution channels: Business & Economy

Published on February 28, 2024 - 22:23 GMT

FTC Releases Agenda for Virtual Workshop on Private Equity in Health Care

The Federal Trade Commission has released the agenda for Private Capital, Public Impact: An FTC Workshop on Private Equity in Health Care, a virtual workshop on March 5, 2024, examining the role of private equity investment in health care markets. The …

Distribution channels: Business & Economy

Published on February 27, 2024 - 22:01 GMT

FTC Action Leads to Ban for Owners of Automators AI E-Commerce Money-Making Scheme

The owners of a money-making scheme that claimed to use artificial intelligence to boost earnings for consumers’ e-commerce storefronts have agreed to surrender millions in assets to settle the FTC’s case against them. In addition, all the businesses and …

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