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 (FTC) is distributing over $2.4 million in refunds to consumers who were misled by Lurn’s business consulting programs. The FTC filed a lawsuit against Lurn in September 2023, accusing the online business coaching company of making unsubstantiated claims to sell its various money-making programs.
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The Federal Trade Commission (FTC) has issued final amendments to its Amplifier Rule, aimed at aiding consumers in making direct comparisons of home entertainment amplifiers. The Amplifier Rule, which regulates power output claims for these devices, was initially enacted by the FTC in 1974 to address misleading advertisements and testing methods. It was last reviewed in 2008.
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Chair Lina M. Khan will participate in a fireside chat at the 2024 CNBC CEO Summit, scheduled to take place at the Ritz Carlton in Washington, DC.
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Commissioner Melissa Holyoak served as the keynote speaker at the Competitive Enterprise Institute (CEI) Summit in Edinburgh. The event, held at Virgin Hotels Edinburgh's Greyfriars Hall, featured discussions titled "Rediscovering Adam Smith: An Inquiry into the Rule of Law, Competition, and the Federal Trade Commission" and "Leadership in Tumultuous Times at The Federal Trade Commission."
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The Federal Trade Commission (FTC) and the Social Security Administration are organizing a virtual workshop on May 29, 2024, at 2:00 PM Eastern Time. This event is part of the ongoing celebration of Older Americans Month and aims to educate seniors on identifying and combating fraud.
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The staff of the Federal Trade Commission (FTC) has provided its annual report to the Consumer Financial Protection Bureau (CFPB) on its enforcement and related activities in 2023 concerning the Truth in Lending Act (TILA), Consumer Leasing Act (CLA), and Electronic Fund Transfer Act (EFTA).
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New data from the Federal Trade Commission (FTC) reveals that Best Buy/Geek Squad, Amazon, and PayPal are the companies most frequently impersonated by scammers. According to a newly released data spotlight, consumers in 2023 submitted approximately 52,000 reports about scammers impersonating Best Buy or its Geek Squad tech support brand. This was followed by around 34,000 reports of scammers impersonating Amazon. PayPal was the third-most impersonated company with about 10,000 consumer reports.
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Federal Trade Commission Chair Lina M. Khan announced that an open meeting of the Commission will be held virtually on Thursday, May 23, 2024. The meeting will commence at 1 pm ET and will begin with time for members of the public to address the Commission.
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The focus of dealmaking and antitrust enforcement often centers on large transactions involving major companies. This is due to the Hart-Scott-Rodino Act, which mandates that antitrust agencies receive notice of significant deals valued at over $119.5 million. However, roll-up schemes, favored by private equity firms and other corporate entities, can be executed through a series of smaller acquisitions that individually fall below the reporting threshold for antitrust agencies.
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On May 23, 2024, the Federal Trade Commission (FTC) and the Justice Department’s (DOJ) Antitrust Division jointly launched a public inquiry to identify serial acquisitions and roll-up strategies that have led to harmful consolidation in various sectors of the U.S. economy.
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Altus Group Limited (Altus) has terminated its efforts to acquire Situs Group LLC’s (Situs) commercial real estate valuation and advisory services business, REVS. In response, FTC Deputy Director of the Bureau of Competition, Kyle Mach, issued a statement.
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Chair Khan is set to deliver the opening keynote at the annual Anti-Monopoly Summit. This event, hosted by the American Economic Liberties Project, will be available for viewing via livestream.
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The Federal Trade Commission (FTC) has finalized an order against Blackbaud Inc., settling allegations that the company's inadequate security measures led to a data breach. The FTC claims that the lax security allowed a hacker to infiltrate the company's network and access personal data of millions of consumers, including Social Security and bank account numbers.
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The Horseracing Integrity and Safety Authority convened a hearing before Administrative Law Judge Jay L. Himes in the matter of Natalia Lynch, under Docket 9423. The event was held on May 20, 2024, and was open to the public. Interested parties could participate by dialing +1 646 876 9923 with the meeting ID: 99357311099.
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The tradition of posing important or intriguing questions is deeply ingrained in the scientific community. Renowned mathematician Paul Erdős, for instance, is well-known for presenting his queries to students and colleagues, some of which remain unresolved. The Clay Mathematics Institute also maintains a list of seven Millennium Problems, six of which are yet to be solved. Among these is the P = NP problem, a crucial question in computational complexity theory and evidently a favorite of the Office of Technology.
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Federal Trade Commission Chair Lina M. Khan announced today that an open meeting of the Commission will be held virtually on Thursday, May 23, 2024. The meeting is scheduled to start at 1 pm ET and will begin with a session for members of the public to address the Commission.
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On May 16, 2024, a scheduling conference will be held before Administrative Law Judge Dania L. Ayoubi in the matter of Tapestry, Inc. and Capri Holdings Limited, under Docket 9429. The conference can be accessed via dial-in number +1 301 715 8592 US with the meeting ID: 97259202104 and passcode: 897694.
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Chair Lina M. Khan appeared before the Committee on Appropriations, Subcommittee on Financial Services and General Government for a budget hearing. The session was held to discuss the Fiscal Year 2025 Request for the Federal Trade Commission. The event took place at the Capitol Complex, 2359 RHOB, Washington, DC.
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Federal Trade Commission (FTC) Chair Lina M. Khan testified before the House Appropriations Subcommittee on Financial Services and General Government today, discussing the agency's FY 2025 budget request and its ongoing work to promote open, competitive markets while protecting American consumers and businesses from fraud.
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The Federal Trade Commission (FTC) has published its Fiscal Year 2023 Annual Report, providing an overview of the agency's efforts to safeguard consumers and foster competition. FTC Chair Lina M. Khan emphasized the organization's commitment to ensuring that American consumers, workers, and entrepreneurs can benefit from fair and free markets.