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Department of Commerce Newswire — Updated Continuously

FTC Halts $200M Credit Repair Fraud Run by 17 Companies

A federal court temporarily halted a $200 million credit repair scheme operated by a network of 17 related companies and their principals at the Federal Trade Commission’s request, the agency announced Aug. 10. The case is one of the largest credit repair fraud actions in FTC history, targeting a network

IP-Intensive Industries Drive 44% of US GDP, Federal Study Finds

Industries that primarily rely on intellectual property protections employ one-third of all American workers and drive nearly 44% of U.S. gross domestic product, according to a new economic study published by the U.S. Patent and Trademark Office on Aug. 3. The study provides updated data on the economic contribution of

FTC Distributes $23.8M to Grubhub Drivers and Diners

The Federal Trade Commission announced it is distributing more than $23.8 million in refunds to Grubhub drivers who were shown inflated earnings projections and diners subjected to deceptive practices on Aug. 12. The payout covers two categories of affected consumers: gig workers who relied on Grubhub’s earnings representations when deciding

USPTO Study Finds IP-Intensive Industries Account for 44% of US GDP

The U.S. Patent and Trademark Office released a report finding that IP-intensive industries account for 44% of U.S. gross domestic product and employ approximately one-third of the American workforce on Aug. 3. The study found that jobs in IP-intensive sectors, including industries built around patents, trademarks and copyrights, pay higher

FTC Distributes $23.8M to Drivers and Diners Harmed by Grubhub

The Federal Trade Commission is distributing more than $23.8 million in payments to consumers and delivery drivers harmed by Grubhub’s deceptive practices, the agency announced Aug. 12. Drivers were harmed by misleading earnings claims, while diners were affected by unlawful and deceptive ordering practices, according to the FTC. The distribution

FTC Halts $200M Credit Repair Scheme Run by 17-Company Network

A federal court temporarily halted a credit repair scheme that defrauded consumers out of nearly $200 million, the Federal Trade Commission announced Aug. 13, in one of the largest credit repair fraud cases the agency has pursued in recent years. The court order, obtained at the FTC’s request, stopped operations

NOAA Maintains Below-Normal Atlantic Hurricane Season Forecast

NOAA’s National Hurricane Center confirmed on Aug. 6 that its midseason update maintains a below-normal Atlantic hurricane season forecast, with only Tropical Storm Bertha having formed in the basin so far. The agency attributed the quieter-than-average season to atmospheric and oceanic conditions including sea surface temperature patterns. NOAA emphasized that

USPTO: IP-Intensive Industries Generate 44% of US GDP

Industries that rely heavily on patents, trademarks and copyrights account for 44% of U.S. gross domestic product and employ one-third of the American workforce, according to an economic study released Aug. 3 by the U.S. Patent and Trademark Office. The study found that IP-intensive industries provide higher-paying jobs on average

FTC Shuts Down $200M Bogus Credit Repair Network

A federal court shut down a sprawling credit repair network of 17 companies on Aug. 10 after the Federal Trade Commission alleged the operation scammed consumers out of nearly $200 million. The companies allegedly made false promises to remove accurate negative information from credit reports. The court issued a temporary

FTC Drops Disparate Impact Enforcement Theory

The Federal Trade Commission issued a formal policy statement on Aug. 7 announcing it will no longer pursue enforcement actions under disparate-impact or unfair-discrimination theories. The shift significantly changes the regulatory landscape for businesses using algorithmic systems, lending tools and hiring technology. The move reverses an enforcement posture used in

NIST Transmits Quantum-Entangled Particles across DC Metro Area

Researchers at the National Institute of Standards and Technology successfully transmitted quantum-entangled particles across the Washington, D.C., metropolitan area, an achievement announced Aug. 5 that represents a significant step toward building a practical quantum communications network. The demonstration moves quantum communications technology from laboratory theory toward real-world deployment, with profound

FTC Abandons Disparate-Impact Theory in Enforcement Actions

The Federal Trade Commission announced Aug. 7 it will no longer pursue consumer protection enforcement claims based on disparate-impact legal theories, removing a tool that civil rights groups have relied on to challenge practices that disproportionately harm minority consumers. The policy statement marks a significant departure from prior FTC enforcement

FTC Shuts Down $200M Credit Repair Fraud Scheme

A federal court temporarily halted a $200 million credit repair fraud scheme operated by a network of 17 related companies on Aug. 10, the Federal Trade Commission announced, in one of the agency’s largest consumer protection enforcement actions of the year. The temporary restraining order freezes the defendants’ assets and

Nonfarm Payrolls Fall 23,000 in July, First Monthly Loss in Over a Year

The U.S. economy lost 23,000 nonfarm payroll jobs in July, the first monthly decline in more than a year, the Bureau of Labor Statistics reported Aug. 7. The decline marks a sharp reversal from months of positive payroll growth and is likely to intensify debate in Washington over economic conditions,

NOAA Maintains Below-Normal Atlantic Hurricane Season Forecast

The National Oceanic and Atmospheric Administration updated its seasonal hurricane outlook, maintaining its prediction for a below-normal Atlantic hurricane season, the agency announced Aug. 6. Tropical Storm Bertha was active in the Atlantic basin at the time of the forecast update. Below-normal seasons historically produce fewer named storms and major

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