US Federal Trade Commission (FTC)
Recent News About US Federal Trade Commission (FTC)
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FTC and DOJ submit comment to FERC on common ownership competition risks
The Federal Trade Commission (FTC) and the Department of Justice (DOJ) have jointly called on the Federal Energy Regulatory Commission (FERC) to consider the competitive risks associated with common ownership. This call comes as part of their assessment of acquisitions that involve less than a controlling interest in competing firms. Currently, FERC is inviting public comments as it reviews its existing policy on investment company ownership of electric utilities.
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FTC issues final rule banning noncompete clauses
The Federal Trade Commission (FTC) has enacted a final rule that prohibits noncompete clauses nationwide. The FTC maintains that this measure will safeguard workers' ability to switch jobs, stimulate innovation, and foster the creation of new businesses.
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FTC meets this week to vote on proposed rule banning noncompete clauses
Washington, D.C. — In a landmark decision that could reshape the American workplace, the Federal Trade Commission (FTC) has scheduled a virtual Open Commission meeting on April 23, 2024, to finalize a rule that would ban noncompete clauses, a move seen as a significant boost to economic liberty and worker mobility.
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The Federal Reserve’s Role in Supporting Responsible Innovation
News Release: Thank you for the opportunity to speak today, in the midst of a wave of innovation in the payments system. There are a range of important players in the payments system and the Federal Reserve has important roles as a supervisor as well as a payments operator.
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FTC's Henry Liu: 'This deal as originally structured would have reduced competition in key areas of the mortgage origination process, raising costs for lenders and homebuyers'
The Federal Trade Commission (FTC) has reached an agreement with Intercontinental Exchange (ICE) and Black Knight to address antitrust concerns arising from ICE's $13.1 billion acquisition of Black Knight, the FTC said in an Aug. 31 press release.
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FTC's Samuel Levine: 'Baiting renters with fake reviews and bogus listings harms those trying to find an affordable place to live and cheats honest competitors'
The FTC, along with state partners, has obtained a proposed order that would prohibit Roomster and its owners from utilizing deceptive reviews. Roomster employed fabricated reviews and fraudulent listings to attract consumers to its platform, as stated by the FTC and various states.
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Federal Reserve Board issues enforcement action with Gardner Bancshares, Inc. and Small Business Bank
News Release: The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below
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Federal Reserve Board announces approval of application by R. Dean Phillips Bank Trust Dated 11-19-2004, and its subsidiary, HNB Bancorp, Inc.
News Release: The Federal Reserve Board on Tuesday announced its approval of the application by R. Dean Phillips Bank Trust Dated 11-19-2004, of Las Vegas, Nevada, and its subsidiary, HNB Bancorp, Inc., of Hannibal, Missouri, to acquire Northeast Missouri Bancshares, Inc., a bank holding company, and thereby indirectly acquire its subsidiary bank, The Mercantile Bank of Louisiana, Missouri, both of Louisiana, Missouri.
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Liu: 'Consolidation in the pharmaceutical industry has given companies the power and incentive to engage in exclusionary rebating practices'
The Federal Trade Commission, in coordination with attorneys general from six states, reached a proposed consent order with Amgen Inc.
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Levine: 'The defendants preyed on consumers looking to provide for their families with promises of high returns'
Following a lawsuit by the U.S. Federal Trade Commission, a federal court issued a temporary shutdown order for a business opportunity scheme run by Automators, which had attracted $22 million in investments from consumers with false claims of substantial income and profits.
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Federal and state financial regulatory agencies issue interagency statement on supervisory practices regarding financial institutions affected by Hurricane Idalia
News Release: The Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, the Office of the Comptroller of the Currency, and state financial regulators, collectively the agencies, recognize the serious impact of Hurricane Idalia on the customers and operations of ...
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Agencies propose guidance to enhance resolution planning at large banks
News Release: The Federal Deposit Insurance Corporation and Federal Reserve Board today invited public comment on proposed guidance to help certain large bank holding companies further develop their Dodd-Frank Act Title I resolution plans.
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Agencies request comment on proposed rule to require large banks to maintain long-term debt to improve financial stability and resolution
News Release: Federal bank regulatory agencies today requested comment on a proposal that would require large banks with total assets of $100 billion or more to maintain a layer of long-term debt, which would improve financial stability by increasing the resolvability and resiliency of such institutions.
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Inflation: Progress and the Path Ahead
News Release: Good morning. At last year's Jackson Hole symposium, I delivered a brief, direct message. My remarks this year will be a bit longer, but the message is the same: It is the Fed's job to bring inflation down to our 2 percent goal, and we will do so. We have tightened policy significantly over the past ...
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Federal Reserve Board announces termination of enforcement action with HSBC Holdings PLC and HSBC North America Holdings Inc.
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below
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Welcoming Remarks
News Release: Thank you, President Goolsbee. It is a pleasure to be here today to participate in our first in-person Fed Listens event in Chicago since before the pandemic. I am really looking forward to being a part of today's conversation. When we began Fed Listens in 2019, the initiative was part of a broad, comprehensive ...
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Federal Reserve Board announces approval of application by Comerica Bank
News Release: The Federal Reserve Board on Tuesday announced its approval of the application by Comerica Bank, of Dallas, Texas, to establish a branch at 4145 South Cooper Street, Arlington, Texas.
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Minutes of the Board's discount rate meetings from July 17 and July 26, 2023
News Release: The Federal Reserve Board on Tuesday released the minutes from its recent meetings to review and determine the discount rates provided to depository institutions through the discount window. Today's minutes cover the Board meetings that occurred on July 17 and 26, 2023.
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Soderstrom: 'Order provides innovative and comprehensive relief to protect competition' in Appalachian Basin
The U.S. Federal Trade Commission has taken action to address antitrust concerns related to a $5.2 billion cash-and-stock deal between Quantum Energy Partners, a private equity firm, and natural gas producer EQT Corporation.
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Federal Reserve Board issues enforcement action with Farmington State Bank, and its holding company, FBH Corporation
News Release: The Federal Reserve Board on Thursday announced an enforcement action against Farmington State Bank, of Farmington, Washington, and its holding company, FBH Corporation. In 2022, Farmington improperly changed its business plan without notifying the bank's supervisors and obtaining prior approval for those changes. Farmington has previously announced that it will voluntarily sell its loans and deposits to the Bank of Eastern Oregon.