FTC-PR-240124-1 (Jan. 24, 2025) FTC Acts to Stop FloatMe’s Deceptive ‘Free Money’ Promises, Discriminatory Cash Advance Practices, and Baseless Claims around Algorithmic Underwriting – Order requires FloatMe to provide $3 million for refunds, clean up advertising, halt use of dark patterns to impede cancellation, and institute a fair lending program The Federal Trade Commission is […]
Category: FTC-2401
Federal Trade Commission
Press Releases and other Announcements
for the Month of January 2024
FTC-PR-240123-2 Jan. 23, 2024 Statement on Second Circuit Order Upholding “Pharma Bro” Martin Shkreli’s Lifetime Ban Today, the United States Court of Appeals for the Second Circuit affirmed a district court ruling which ordered “Pharma Bro” Martin Shkreli to face a lifetime ban from participating in the pharmaceutical industry and found Shkreli liable for $64.6 […]
FTC-PR-240123-1 FTC Finalizes Order Requiring Old Southern Brass to Stop False Made In USA and Veteran Affiliation Claims Following a public comment period, the Federal Trade Commission finalized a consent order (PDF) settling charges that Florida-based EXOTOUSA LLC, (doing business as Old Southern Brass) falsely claimed that certain company products were manufactured in the U.S, and […]
FTC-PR-240122-3 (Jan. 22, 2024) FTC Announces 2024 Update of Size of Transaction Thresholds for Premerger Notification Filings The Federal Trade Commission has approved revised jurisdictional thresholds and a revised filing fee schedule under the Hart‑Scott‑Rodino (HSR) Antitrust Improvements Act of 1976. Section 7A(a)(2) of the Act requires the Commission to revise the jurisdictional thresholds annually, […]
FTC-PR-240122-2 (Jan. 22, 2024) Statement from Samuel Levine, Director of FTC Bureau of Consumer Protection, Regarding the Commission’s Order and Opinion in the Intuit TurboTax Case Following is a statement from Samuel Levine, Director of the Federal Trade Commission’s Bureau of Consumer Protection, regarding the Commission’s opinion (PDF) and order (PDF) in the case against Intuit […]
FTC-PR-240122-1 (Jan. 22, 2024) FTC Issues Opinion Finding that TurboTax Maker Intuit Inc. Engaged in Deceptive Practices – Commission order prohibits Intuit from claiming a product or service is free unless it’s free for all or must disclose detail about who qualifies The Federal Trade Commission has issued an Opinion and Final Order that Intuit […]
FTC-PR-240118-2 (Jan. 18, 2024) FTC Pauses CARS Rule Effective Date – Decision protects law-abiding dealers from uncertainty created by inaccurate claims that rule requires overhaul by honest dealers The Federal Trade Commission has issued an order (PDF) postponing the effective date of the Combatting Auto Retail Scams (CARS) Rule while a legal challenge against the rule […]
FTC-PR-240118-1 (Jan. 18, 2024) FTC Order Will Ban InMarket from Selling Precise Consumer Location Data – Proposed settlement is FTC’s second in recent weeks aimed at limiting the collection, use, and sale of consumers’ location data Data aggregator InMarket Media will be prohibited from selling or licensing any precise location data to settle Federal Trade […]
FTC-PR-240117-3 (Jan. 17, 2024) FTC Action Leads to Ban for Ganadores Real Estate and Income Scam, its Owner, and Managers – Proposed court orders would permanently shut down scam, require companies and individuals to turn over millions of dollars in assets for refunds A Federal Trade Commission lawsuit has led to the permanent end to […]
FTC-PR-240117-2 (Jan. 17, 2024) @@ FTC Announces Claims Process for Consumers Harmed by Lanier Law Mortgage Relief Scheme The Federal Trade Commission is launching a claims process for consumers harmed by a deceptive mortgage relief operation known as Lanier Law that collected upfront fees of thousands of dollars and promised consumers lower monthly payments but […]