Latest News
By Federal Newswire | Jun 2, 2024
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."
By Federal Newswire | May 31, 2024
Maria Mendoza-Mendoza, the leader of a migrant smuggling operation, was indicted in 2018 and pled guilty to charges of conspiracy to transport illegal aliens for profit on January 24.
By Federal Newswire | May 30, 2024
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.
By Federal Newswire | May 30, 2024
Officers with U.S. Customs and Border Protection (CBP) arrested one woman and seized 29 pounds of fentanyl in a stop on May 15. The incident occurred near Golf Center Parkway on Interstate 10 in California.
By Federal Newswire | May 30, 2024
Border patrol officers at the Juarez-Lincoln Bridge apprehended a U.S. citizen last week after discovering the man was wanted on felony charges of sexual assault of a child. He was handed over to Laredo Police for processing and adjudication of the warrant.
By Federal Newswire | May 29, 2024
EAST ST. LOUIS, Ill. – A former Aldi executive and a general contractor from Breese, Illinois, have admitted guilt to federal fraud offenses involving rigging the bid system for construction projects of grocery stores throughout southern Illinois and Missouri.
By Federal Newswire | May 28, 2024
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).
By Federal Newswire | May 26, 2024
Congressman Rich McCormick (R-Ga.) has asserted that the US government should "dedicate every possible resource" to ensure the safe return of Tigran Gambaryan, a constituent who has been held by the Nigerian government since February 26. McCormick made this statement during an April 30 House Foreign Affairs Committee roundtable on Americans detained abroad.
By Federal Newswire | May 24, 2024
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.
By Federal Newswire | May 23, 2024
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.
By Federal Newswire | May 23, 2024
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.
By Federal Newswire | May 23, 2024
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.
By Federal Newswire | May 23, 2024
The U.S. Customs and Border Protection (CBP) thwarted an attempt to smuggle 93 pounds of fentanyl in the El Centro Sector last week, according to a news release from the agency. The incident occurred in Indio, California.
By Federal Newswire | May 23, 2024
The U.S. Customs and Border Protection (CBP) recently detained 13 undocumented migrants from the Dominican Republic in the Puerto Rican community of Villa Pesquera, Isabela.
By Federal Newswire | May 21, 2024
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.
By Federal Newswire | May 21, 2024
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.
By Federal Newswire | May 20, 2024
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.
By Federal Newswire | May 20, 2024
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.
By Federal Newswire | May 16, 2024
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.
By Federal Newswire | May 16, 2024
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.