Latest News
By Federal Newswire | Jul 9, 2024
The Federal Trade Commission (FTC) testified before the House Energy and Commerce Subcommittee on Innovation, Data, and Commerce regarding the agency’s fiscal year 2025 budget and its ongoing efforts to promote competition and protect consumers.
By Federal Newswire | Jul 9, 2024
The Federal Trade Commission (FTC) has published an interim report on the prescription drug middleman industry, highlighting the significant impact that pharmacy benefit managers (PBMs) have on the accessibility and affordability of prescription drugs. This report is part of an ongoing inquiry initiated by the FTC in 2022.
By Federal Newswire | Jul 9, 2024
The Federal Trade Commission (FTC) testified today before the House Energy and Commerce Subcommittee on Innovation, Data, and Commerce regarding the agency’s fiscal year 2025 budget and its efforts to promote competition and protect consumers.
By Federal Newswire | Jul 3, 2024
Federal Trade Commission staff sent warning letters to eight companies regarding their warranty practices, which may impede consumers' right to repair products they have purchased. The warnings highlight concerns that these practices violate the Magnuson-Moss Warranty Act (MMWA), a law governing consumer product warranties and enforced by the FTC.
By Federal Newswire | Jul 2, 2024
The Federal Trade Commission has taken action against online used car dealer Vroom for misrepresenting that it thoroughly examined all vehicles before listing them for sale and failing to obtain consumers’ consent to shipment delays or provide prompt refunds when cars weren’t delivered in the time Vroom promised.
By Federal Newswire | Jul 2, 2024
The Federal Trade Commission (FTC) has unanimously voted to block Tempur Sealy International, Inc.’s proposed $4 billion acquisition of Mattress Firm Group Inc. The Commission issued an administrative complaint and authorized a lawsuit in federal court to halt the acquisition, alleging that Tempur Sealy—the world’s largest mattress supplier and manufacturer—would gain the ability and incentive to suppress competition and raise prices for mattresses for millions of consumers.
By Federal Newswire | Jul 2, 2024
The Federal Trade Commission (FTC) is taking action against gig work company Arise Virtual Solutions for misleading consumers about potential earnings on its platform and marketing its business opportunity without complying with the FTC’s Business Opportunity Rule. This rule includes the requirement to truthfully disclose the basis for earnings claims to consumers.
By Federal Newswire | Jul 1, 2024
The Commission will hold a closed meeting on July 1, 2024, at 11:00 AM EDT via Zoom to consider a nonpublic law enforcement matter. The decision to close the meeting was unanimous, with a vote of 5-0. The urgency of the matter necessitated consideration with less than seven days' notice to the public.
By Federal Newswire | Jul 1, 2024
Federal Trade Commission Bureau of Competition Director Henry Liu issued a statement in response to Novant Health, Inc.'s decision to terminate its proposed acquisition of two hospitals from Community Health Systems.
By Federal Newswire | Jul 1, 2024
A U.S. district court in central Florida today unsealed a Federal Trade Commission (FTC) complaint charging two related groups of defendants with defrauding consumers nationwide by enrolling them, without their knowledge, into continuity plans where they are shipped and charged repeatedly for personal care products that they did not agree to purchase.
By Federal Newswire | Jun 29, 2024
Chairman Mark Green of the House Homeland Security Committee stated that President Biden’s newest executive action on amnesty is a security threat and an "affront to the rule of law." Green made the statement in a press release on June 18.
By Federal Newswire | Jun 28, 2024
The Fireside Chat with FTC Chair Lina M. Khan, hosted by the ABA Antitrust Law Section of Young Lawyer Representatives, will take place on June 27, 2024. During the event, Chair Khan will discuss her background in antitrust law, her experience at the Federal Trade Commission (FTC), and offer advice for younger attorneys interested in pursuing careers in antitrust and consumer protection law.
By Federal Newswire | Jun 28, 2024
The Federal Trade Commission (FTC) has intervened in a student loan debt relief scheme that defrauded consumers of more than $20.3 million, marking its first enforcement under the Impersonation Rule. The scheme, which falsely claimed affiliations with the Department of Education, has been temporarily halted by a federal court, which also froze its assets at the FTC's request.
By Federal Newswire | Jun 27, 2024
The Federal Trade Commission has finalized an order banning software provider Avast from selling, disclosing, or licensing any web browsing data for advertising purposes. This action settles charges that the company and its subsidiaries sold such information despite promising that its products would protect consumers from online tracking. Avast is also required to pay $16.5 million, which is expected to be used to provide redress to consumers.
By Federal Newswire | Jun 27, 2024
Concluding a comprehensive multi-year review, the Federal Trade Commission today announced final updates to its Ophthalmic Practice Rules, known as the Eyeglass Rule, aimed at promoting competition and consumer choice.
By Federal Newswire | Jun 24, 2024
As a result of a Federal Trade Commission case, the operators of a sweepstakes scam that cost consumers millions have agreed to settlements that permanently ban them from operating sweepstakes or making claims to consumers about prizes they have won or may win.
By Federal Newswire | Jun 21, 2024
The Federal Trade Commission's Bureau of Economics and the Tobin Center for Economic Policy at Yale University will host the 17th Annual FTC Microeconomics Conference on November 14 and 15, 2024, in Washington, D.C. The event aims to gather scholars focused on antitrust, consumer protection, and public policy issues pertinent to the FTC’s mission. The conference will be held in person with a live stream available for remote viewers.
By Federal Newswire | Jun 21, 2024
The Federal Trade Commission (FTC) law enforcement actions resulted in more than $324 million in refunds to consumers in 2023, the agency reported in its annual summary on refunds.
By Federal Newswire | Jun 20, 2024
Chairman Mark Green of the House Homeland Security Committee, along with Representatives Dan Bishop, August Pfluger, and Clay Higgins, stated that the illegal entrance of individuals on the terrorist watch list presents a "grave danger to national security." The Committee made this statement in a letter to Department of Homeland Security (DHS) Secretary Alejandro Mayorkas and Federal Bureau of Investigation (FBI) Director Christopher Wray on June 18.
By Federal Newswire | Jun 20, 2024
The Commission will hold a closed meeting on June 20, 2024, to consider a nonpublic law enforcement matter. The meeting is scheduled for 12:30 PM EDT and will be conducted via Zoom.
