Federal Trade Commission
U.S. Government: Agencies/Departments/Divisions | Federal Agencies
Recent News About Federal Trade Commission
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The Federal Trade Commission is taking action against payment processing company BlueSnap, Inc., along with its former CEO Ralph Dangelmaier and senior vice president Terry Monteith, charging them with knowingly processing payments for deceptive and fraudulent companies. “Companies like BlueSnap that knowingly process payments for scammers are breaking the law and making it easier to cheat consumers,” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection.The FTC charged that BlueSnap and its officers processed millions of dollars in credit card...
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The Federal Trade Commission (FTC) has expanded its efforts to combat the improper listing of patents in the Food and Drug Administration’s Orange Book, targeting over 300 questionable listings for diabetes, weight loss, asthma, and COPD drugs. One of the drugs under scrutiny is Novo Nordisk Inc.’s popular weight-loss medication, Ozempic.FTC Chair Lina M. Khan emphasized the negative impact of bogus patent listings on drug prices, stating, “By filing bogus patent listings, pharma companies block competition and inflate the cost of prescription drugs, forcing Americans to...
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The Federal Trade Commission (FTC) and the Federal Communications Commission (FCC) have solidified their collaboration on consumer protection matters through the signing of a Memorandum of Understanding (MOU). In response to the FCC's recent decision to restore net neutrality, the agencies aim to work closely together in safeguarding consumers.FTC Chair Lina M. Khan emphasized the importance of the partnership, stating, "The FTC is squarely focused on protecting Americans from illegal business tactics... We look forward to continuing to work in close partnership with the...
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The Federal Trade Commission announced today that Razer, Inc., the sellers of the Zephyr face mask, will pay over $1.1 million to provide full refunds to consumers nationwide and a civil penalty for misrepresenting the performance and efficacy of the supposed "N95-grade" masks. The complaint alleged that Razer falsely marketed the Zephyr masks as N95-grade without submitting them for testing to the FDA or NIOSH, leading to the deceptive claims being halted only after negative press coverage and consumer outrage."These businesses falsely claimed, in the midst of a global...
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The Federal Trade Commission (FTC) has recently publicized its 2023 Report on Ethanol Market Concentration, following a unanimous vote of 3-0 in favor of the report's approval. This report forms part of an annual review process mandated by the Energy Policy Act of 2005, aimed at scrutinizing the state of competition within the ethanol production industry in America.