Antitrust news and reports on Federal Newswire

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FTC announces new rules easing subscription cancellations
Antitrust

The Federal Trade Commission (FTC) has introduced a new "click-to-cancel" rule aimed at simplifying the process for consumers to terminate recurring subscriptions and memberships. This rule mandates that sellers must make cancellation as straightforward as the initial sign-up process. Most provisions of this rule will become effective 180 days after its publication in the Federal Register.


FTC extends comment period on franchise agreement RFI due to hurricanes
Antitrust

The Federal Trade Commission (FTC) has extended the deadline for public comments on its Request for Information (RFI) regarding franchise agreements and franchisor business practices. Originally set for October 10, 2024, the new deadline is now October 24, 2024. This extension comes in response to disruptions caused by Hurricane Milton and Hurricane Helene.


FTC issues refunds after 'extended vehicle warranty' telemarketing scam
Antitrust

The Federal Trade Commission (FTC) is distributing over $449,000 in refunds to consumers affected by a telemarketing scam orchestrated by American Vehicle Protection Corp. The company was involved in making deceptive calls nationwide, offering costly "extended automobile warranties" under false pretenses.


Justice Department supports FTC's updates on premerger notification form
Antitrust

The Justice Department's Antitrust Division has announced its agreement with the Federal Trade Commission's (FTC) decision to finalize changes to the premerger notification form and related instructions. These changes, which also affect the premerger notification rules under the Hart-Scott-Rodino (HSR) Act, represent the first significant update to the HSR form since 1978.


FTC releases annual Hart-Scott-Rodino report for fiscal year 2023
Antitrust

The Federal Trade Commission (FTC) and the Justice Department’s Antitrust Division have published their annual report on the Hart-Scott-Rodino (HSR) Premerger Notification Program for fiscal year 2023. This program serves as an alert system for transactions that could potentially reduce competition in violation of federal law.


FTC revises premerger notification form rules under HSR Act
Antitrust

The Federal Trade Commission (FTC) has unanimously approved changes to the premerger notification form and related instructions under the Hart-Scott-Rodino (HSR) Act. These modifications aim to enhance the FTC's and the U.S. Department of Justice's Antitrust Division's ability to identify illegal mergers before they are finalized.


FTC settles with Marriott over major data breaches impacting millions
Antitrust

The Federal Trade Commission (FTC) has announced a settlement with Marriott International, Inc. and its subsidiary Starwood Hotels & Resorts Worldwide LLC over data security failures that led to three significant breaches between 2014 and 2020. These breaches affected more than 344 million customers globally.


Federal agencies warn against scams amid hurricanes
Antitrust

As the nation prepares for another major hurricane, federal agencies are cautioning consumers about potential scams and price gouging in the aftermath of natural disasters. The Federal Trade Commission (FTC), Department of Justice (DOJ), and Consumer Financial Protection Bureau (CFPB) have issued warnings to alert individuals about fraudulent activities that often arise during such times.


Khan to speak at AMVA forum; event closed to public
Antitrust

Chair Lina M. Khan will be speaking at the AMVA Veterinary Business and Economic Forum on October 8, 2024. The event is not open to the public and there will be no livestream available.


Khan and Gallego to address renters in listening session
Antitrust

Chair Lina M. Khan is scheduled to speak at a Renters Listening Session alongside Representative Gallego. The session will take place at 12 noon MST/1 p.m. EST.


G7 summit addresses AI market competition challenges
Antitrust

The Federal Trade Commission (FTC) and the Justice Department's Antitrust Division recently participated in a summit with G7 enforcement partners to address competition challenges related to artificial intelligence (AI). The event, known as the G7 Competition Authorities and Policymakers Summit, focused on ensuring fair competition in AI technologies, products, and applications.


FTC issues over $1M in refunds due to LASIK ad deception
Antitrust

The Federal Trade Commission (FTC) is distributing over $1.1 million in refunds to consumers who were misled by deceptive advertising practices from LCA-Vision, the largest LASIK surgery provider in the United States.


Commissioner Bedoya’s office and NCTA to discuss NPRM on unfair fees
Antitrust

Commissioner Bedoya's office and NCTA will participate in a virtual ex parte meeting on the Unfair or Deceptive Fees Notice of Proposed Rulemaking (NPRM). The meeting is scheduled for October 2, 2024.


Vice president pleads guilty in Michigan asphalt bid-rigging case
Antitrust

A senior executive from a Michigan-based asphalt paving company has admitted to his involvement in two separate bid-rigging conspiracies. David A. Coppola, vice president of Al’s Asphalt Paving Company Inc., based in Taylor, Michigan, entered a guilty plea today for conspiring with Asphalt Specialists LLC (ASI), F. Allied Construction Company Inc. (Allied), and their employees to manipulate bids for asphalt paving services contracts within the state.


FTC issues refunds for falsely advertised Pyrex products
Antitrust

The Federal Trade Commission (FTC) is distributing over $88,000 in refunds to consumers who purchased measuring cups marketed as "Made in USA" by Instant Brands, the manufacturer of Pyrex products. The FTC's action stems from a 2023 case where Instant Brands was charged with falsely advertising that all its glass measuring cups were made domestically, while some were actually imported from China.


FTC issues $2.8 million refunds over deceptive "free trial" personal care product offers
Antitrust

The Federal Trade Commission (FTC) is distributing over $2.8 million in refunds to consumers who were charged for supposed “free trial” offers for personal care products and supplements.


FTC bans John B. Hess from joining Chevron board amid acquisition deal
Antitrust

The Federal Trade Commission (FTC) has approved a proposed consent order to address antitrust concerns related to Chevron Corporation's acquisition of Hess Corporation. The order prohibits Chevron from appointing Hess CEO John B. Hess to its Board of Directors.


FTC withdraws from memorandum with labor agencies on merger investigations
Antitrust

The Federal Trade Commission (FTC) has announced its decision to withdraw from a Memorandum of Understanding with federal labor agencies concerning merger investigations. Despite this withdrawal, the FTC stated it will continue to scrutinize all issues related to mergers, including potential impacts on labor, following its established merger guidelines.


FTC announces virtual workshop examining children's online engagement
Antitrust

The Federal Trade Commission (FTC) has announced a virtual workshop scheduled for February 25, 2025. The event will explore the use of design features on digital platforms that aim to keep children and teenagers online for extended periods.


FTC expands international consumer protection agreement
Antitrust

The Federal Trade Commission (FTC) announced that consumer protection agencies from Costa Rica, the Dominican Republic, and Panama have joined an existing agreement with consumer protection authorities from Chile, Colombia, Mexico, and Peru. This agreement, initially reached in 2023, aims to enhance cooperation among these agencies to protect consumers from cross-border fraud, deception, and other illegal practices.