Links in “FTC”
- FTC: I’ll Call Your Debt Collection Threat and Raise You a Filed Complaint
The FTC didn't blink on illegal debt collection practices as it charged Texas-based Commercial Recovery Systems, Inc. of illegally threatening consumers with legal action and wage garnishment. The company also had their representatives falsely claim or imply that they were lawyers or judicial employees. [1/22/15]
- Payday Lenders Pony Up Big in FTC Settlement
Two online payday lenders have agreed to pay a record $21 million to settle charges that they engaged in deceptive practices. The FTC said the companies claimed a $300 loan would cost $390 to repay, but actually charged $975 for repayment. [1/19/15]
- DÅmo ArigatÅ, Mr. Roboto
If you were a victim of the Robocall scheme, donât worry: a reimbursement check for $42.95 is in the mail! [1/19/15]
- Time for Somebody to Stand Up to the CFPB?
The CFPB has become the FTC on steroids, according to this writer, who suggests that banks have been pushed around long enough on questionable legal grounds and that the time has come for them to push back. [1/12/15]
- Do the Crime, Do the Time (Or Pay the Fine)
The FTC settled with a Florida-based mortgage modification scammer Monday, underscoring the FTC's resolve to "[shut] down bogus mortgage relief schemes." The scammer is required to pay $815,865 and is banned from participation in debt-relief programs. [12/16/14]
- Fine Print Is Not Enough
Billion Auto and it's advertising company, Nichols Media, Inc. have agreed to pay a civil penalty to the FTC for violating an administrative order from 2012. Jessica Rich of the FTC commented that dealers cannot make claims and simply "take them away in fine print." [12/15/14]
- AgeCheq Inc. Calls for Updated Parental Consent Methods
The Federal Trade Commission is requesting public comment regarding proposed updates to a parental consent method under the Children's Online Privacy Protection Act (COPPA). Comments will be received until December 29, 2014. [11/25/14]
- FTC Releases Financial Report
The FTC has released its financial report for fiscal year 2014. The report highlights key fiscal and performance results and can be accessed here. [11/19/14]
- FTC Levies First Settlement Against Patent Troll
MPHJ Technology Investments, LLC was riding high using what the FTC termed as deceptive sales claims and phony legal threats that accused small businesses of patent infringement. This is the first patent infringement action taken by the FTC against a âpatent troll.â [11/7/14]
- FTC Welcomes New Chief Technologist
Ashkan Soltani, the FTC's new Chief Technologist, will begin advising the Commission in November, focusing on evolving technology and policy topics and issues. After over 20 years of research focused on  privacy and security issues, Soltani is sure to have a lasting impact on the Commission. [10/22/14]
